Pier 1 Imports (PIR) Crumbles: Stock Falls by 5.7%

Zacks

Pier 1 Imports, Inc. (PIR) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for PIR, as the stock gained nearly 8.6% between Feb 14 and Feb 27.

This slump shouldn’t be too much of a surprise to investors, as the company in the Home Furnishing Stores industry has seen 4 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

BWC currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the Consumer Discretionary sector include Bally Technologies, Inc. (BYI), Central Garden & Pet Company (CENT) and The Dixie Group, Inc. (DXYN). All these stocks sport a Zacks Rank #1 (Strong Buy).

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PIER 1 IMPORTS INC (PIR): Free Stock Analysis Report

BALLY TECH INC (BYI): Free Stock Analysis Report

CENTRAL GARDEN & PET COMPANY (CENT): Free Stock Analysis Report

DIXIE GROUP INC (DXYN): Free Stock Analysis Report


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