 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Pier 1 Imports (PIR) operates as an importer and specialty retailer of imported decorative home furnishings and gifts primarily in the United States and Canada. It sells various decorative accessories, such as decorative accents, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, bath and fragrance products, candles, seasonal, and gift items. The company also offers furniture and furniture cushions to be used in living, dining, office, kitchen and bedroom areas, sunrooms, and on patios; wall decorations and mirrors; and dining and kitchen goods. As of February 25, 2012, it operated 971 stores in the United States and 81 stores in Canada under the Pier 1 Imports brand name. The company also supplies merchandise and licenses the Pier 1 Imports name to sell its merchandise primarily in a store within a store format in Mexico and El Salvador. Shares have formed a bullish "flag" and are expected to move higher out of this formation. The stock has a 52-week trading range of $8.60 - $19.09. Shares last traded at $16.34. Should you decide to take a position, wait for the morning volatility to wear off and use a stop-loss of $15.54 (five percentage points below your purchase price.) Be sure to use a limit order and not a market order. Keep in mind that our price target is 10% higher than your purchase price.
