PIR - Sector: Services---Industry: Retail -Specialty-

[setravis]

Momentum.......
Monster move with the Volume!!!



52wk Range: 0.10 - 8.25
Volume: 15,588,523
Avg Vol (3m): 1,185,200

Technicals
Percentage Gainer

Last Price Quote is:
270.48%above 13-day MA
78.54%above 50-day MA
RS Rating: 76  

Fundamentals
Key Data:
Market Cap (M): $14.28  
P/E Ratio: 52.48  
PEG Ratio: -0.00833333  
Next Earnings: 04/09/2009
Last Analyst Rating: Neutral

[setravis]

Profile: 




Pier 1 Imports Inc.
100 Pier 1 Place
Fort Worth, TX 76102
United States - Map
Phone: 817-252-8000
Fax: 817-252-8174
Web Site: http://www.pier1.com

DETAILS   
Index Membership: N/A
Sector: Services
Industry: Home Furnishing Stores
Full Time Employees: 6,100


BUSINESS SUMMARY   
Pier 1 Imports, Inc., together with its subsidiaries, operates as a specialty retailer of imported decorative home furnishings, gifts, and related items in the United States and Canada. Its stores offer furniture, wicker, decorative home furnishings, dining and kitchen goods, epicurean products, bath and bedding accessories, candles, and other specialty items for the home. The company’s decorative accessories include wood accessories, lamps, vases, dried and artificial flowers, baskets, wall decorations, ceramics, dinnerware, bath and fragrance products, candles, bedding, epicurean products, and seasonal and gift items. Its furniture products comprise furniture and furniture cushions to be used on patios, and in living, dining, kitchen, bedroom, and sunrooms. As of March 1, 2008, the company operated 1,117 stores under Pier 1 Imports name. Pier 1 Imports, Inc. also operates in Mexico and Puerto Rico. The company was founded in 1970 and is headquartered in Fort Worth, Texas.

[setravis]

PIR - Possible Bounce.......



52wk Range: 0.10 - 8.25
Volume: 1,399,732
Avg Vol (3m): 1,740,050

Technicals
Last Price Quote is:
30.85%above 13-day MA
56.74%above 50-day MA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $55.34 
P/E Ratio: 52.48 
PEG Ratio: -0.0416667 
Next Earnings: 06/18/2009
Last Analyst Rating: Neutral

[setravis]

Don't Worry, GM: NYSE Defends Penny Stocks!
February 24, 2009


With shares of America's auto titans General Motors (GM) and Ford Motor (F) trading these days in the $2 range, it's nice to know New York Stock Exchange officials would like to relax the rule that stocks must be delisted if they trade below a dollar for 30 days. According to the Associated Press, the NYSE is considering asking the Securities & Exchange Commission to temporarily suspend the flexible stock-price rule. Both Ford and GM are trading way, way up today, but you never know what could happen to the shares from here on out. (Ford closed at $2 today, GM, at $2.22.)

"That's something that we're considering, given the market environment," the AP quotes NYSE Euronext spokesman Raymond Pellechia as saying, regarding relaxation of the flexible-price rule. The article notes that the NYSE on January 23 temporarily lowered the minimum market-cap requirement for trading on the exchange from $25 million to $15 million. 65 stocks are currently not in compliance with the minimum share price rule, according to the NYSE's Web site, about 3% of the 1,950 shares listed on the exchange. The NYSE tells AP that that is higher than usual. AP notes that the stocks include auto-parts supplier Visteon (VC); Internet phone-calling firm Vonage Holdings (VG); housewares store Pier 1 Imports (PIR); drug store Rite Aid (RAD); and newspaper publisher Lee Enterprises (LEE).

52wk Range: 0.10 - 8.25
Volume: 5,955,367
Avg Vol (3m): 2,073,040

Technicals
Percentage Gainer

Last Price Quote is:
103.06%above 13-day MA
200.31%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $76.39 
P/E Ratio: 52.48 
PEG Ratio: -0.1 
Next Earnings: 06/18/2009
Last Analyst Rating: Neutral


Below are the 6 month...9 month...and 4 year charts...

[setravis]

Look at the 1 year chart,
Stock took off from this bottom in March 2009.

[setravis]

moving on...
updated chart look

Below the 1 year chart.......

[setravis]

Some profit taking...back on the up swing 

[setravis]

Move,
off a possible double bottom...

[setravis]

•Pier 1 Shares Popped 

Thursday, April 7, 2011...
Today's U.S. Earnings Reports
PIR-Pier 1 Imports (0.47)

Day's Range: 10.75 - 11.75
52wk Range: 5.67 - 11.75
Volume: 11,574,054
Avg Vol (3m): 2,091,020
Market Cap: 1.37B
P/E (ttm): 17.55
EPS (ttm): 0.66
Div & Yield: N/A (N/A)

Technicals
Record Price High
Record Price Break Out
Gap Up
Percentage Gainer

Last Price Quote is:
13.62%above 13-day EMA
17.92%above 50-day EMA
RS Rating: 76 

[setravis]

PIR  Pier 1 Imports, Inc. Announces Three-Year Growth Plan... 
by Business Wire  Apr 7 2011 6:00AM

FORT WORTH, Texas, Apr 07, 2011 (BUSINESS WIRE) -- --Online business revenue contribution of at least 10% in five years

--Board approval for a $100MM share repurchase program

Pier 1 Imports, Inc. (PIR) today announced a three-year growth plan to drive sales and further improve profitability in order to increase shareholder value. The Company's Board-approved plan includes investing in the acceleration of e-Commerce initiatives, existing stores improvements, expansion of the store portfolio, and development of infrastructure and technology to enhance business processes and efficiencies throughout the entire organization. The Company plans to invest approximately $200 million over the next three years in these initiatives, utilizing cash flow from operations. The Board has also approved a plan to return value to shareholders by authorizing an initial share repurchase program of up to $100 million.

Alex W. Smith, President and Chief Executive Officer, commented, "We are pleased to announce that our Board of Directors has approved a three-year growth plan which will allow us to continue to build strength and sustainability into our business, improve top and bottom line results and with an overall goal of increasing shareholder returns. We have numerous opportunities to profitably increase the reach of the Pier 1 Imports brand. With an outstanding management team, the strength of our brand and our rigorous capital discipline, we are focused on developing our Company into a best-in-class, multi-channel retailer. Today we are announcing we will re-invest cash generated from our business over the next three years to help make this a reality. Every dollar spent will be subject to our customary rigorous evaluation to ensure we are generating an adequate return and maximizing shareholder value."

Mr. Smith continued, "We are excited that the three-year plan includes moving up the timetable for e-Commerce and we expect to be selling online in early summer of 2012. In stores, our investments will include a rollout of new fixtures, lighting upgrades, and other enhancements to provide a great in-store shopping experience for our customers and increase sales productivity. Finally, our strategic investments in technology will enhance analytics and improve existing processes and efficiencies throughout every aspect of our business. Within the next three years, our goal is to achieve sales of $200 per retail square foot and drive our operating margin to at least 10% of sales, and within five years to have an online business that contributes at least 10% of revenues."

"I am also pleased to announce today that our Board of Directors has approved a $100 million initial share repurchase program. The recent successes of our Company, the strength of our balance sheet and our ongoing cash generation enable us to both reinvest in the business as well as return value to shareholders in the form of share repurchases."

Mr. Smith concluded, "We have carefully and thoughtfully analyzed our capital allocation plan to further strengthen our competitive position within our industry, both in-store and on a multi-channel level. Our Pier 1 Imports brand is getting stronger and we are ensuring that we have the right tools in place to become a best-in-class, multi-channel retailer. We continue to reap the benefits of the carefully planned investments we have made in our business and we look forward to building upon these successes one customer and one SKU at a time."

Details of the Company's Board-approved capital expenditure plan and initial share repurchase program are as follows:

Evolution into a Multi-Channel Retailer

The Company remains focused on evolving into a best-in-class multi-channel retailer through sound strategic investments, partnerships and flawless execution. To facilitate this entry into e-Commerce, the Company has made and will continue investments in search engine optimization as well as extensive improvements to the content of its website. The Company launched in-store merchandise availability on its website, Pier1.com, in October 2010, and has seen a significant increase in incremental visits to its website since the introduction of this new functionality. The Company plans to launch its site-to-store initiative, called "Pier 1.2Go," in late spring 2011. "Pier 1.2Go" will allow customers to order and reserve merchandise online, to be picked up and paid for in any of the Company's more than 1,000 store locations throughout the United States and Canada. The timetable for the development and implementation phase of its e-Commerce initiative, called "Pier 1.2You," has been moved up to early summer of 2012. "Pier 1.2You" will enable customers to purchase merchandise online while allowing for multiple delivery options.

Reinvesting capital into the business to maintain and improve its competitive position both in-store and through multi-channel avenues is a top priority. Capital investments will continue to fuel both the Company's entry into e-Commerce as well as the integration of the existing business model with new e-Commerce functionality. The Company will invest in a new POS system to facilitate a seamless transaction across its channels, and gain real-time views of its customer. The Company is also pursuing additional opportunities to extend its Pier 1 Imports brand through category expansion and development of new products, and foresees an online channel that contributes at least 10% of revenues within five years. The Company continues to drive towards delivering a seamless shopping experience for its customers.

Existing Store Improvements and Expansion of Store Portfolio Base

The Company remains focused on increasing sales productivity and maximizing profitability of its existing store portfolio. Over the next three years, the Company's store improvement initiatives will impact approximately 90% of the existing stores and include capital investments in new store fixtures, store remodels and other leasehold improvements. The Company has developed new merchandise fixtures designed to give the stores a more open look allowing merchandise to be visible and accessible on all sides of the unit, and enhancing the in-store shopping experience for customers. The fixtures also provide mobility, flexibility and time and cost-savings for the Company's store teams when major merchandise resets and seasonal changes occur. New fixtures have recently been tested in certain stores with initial positive results realized in sales and productivity. The Company plans to rollout the new fixtures to select stores over the next three years and will direct the initial phase of the rollout to the higher volume stores. Store remodel plans over the next three years range from minor cosmetic improvements in most cases to major construction efforts such as new flooring and lighting, structural enhancements and new fixtures. The Company will focus its store remodel efforts on those stores that exhibit the greatest potential for maximizing sales and productivity. Other investments to improve the Company's existing store portfolio will include new lighting and sign upgrades to select stores, equipment upgrades, such as new HVAC units, and other general leasehold improvements.

The Company's growth plan also includes investing in the expansion of its existing store portfolio from 1,046 Pier 1 Imports stores today throughout the United States and Canada to approximately 1,100 Pier 1 Imports stores in the United States and Canada within five years. The Company currently plans to open approximately 80 stores and close approximately 30 stores as part of its net new store growth initiative. These 80 store openings will consist of both openings in new markets as well as relocations within existing markets.

Investments in Technology

The Company's three-year plan includes capital investments in infrastructure development and technology to facilitate continued improvements in processes, efficiencies and analytics throughout the organization. These carefully planned technology investments will support key business priorities and objectives of the Company. As previously discussed, investments in information technology will include a new POS system and investments in an e-Commerce platform. Other technology investments will include the replacement of legacy systems, new software for store labor schedule optimization, which is expected to drive customer conversion while reducing payroll costs, and enhancements to existing systems in areas including merchandise and SKU level planning, vendor and buyer system portals, warehouse management systems and store analytics. The Company's technology investments also include new store traffic counters, cash stand computer kiosks and other network and infrastructure needs.

Initial Share Repurchase Program

The Company's Board of Directors approved initial share repurchase program is effective immediately and authorizes the repurchase of up to $100 million of the Company's common stock in open market or private transactions. The timing of the repurchases will depend on several factors including, but not limited to, prevailing market conditions and prices. As of March 31, 2011, the Company had approximately 117.9 million shares of common stock outstanding.

Conference Call Information

The Company will host a conference call concerning fiscal 2011 fourth quarter and year-end results and discuss details of the Company's three-year growth plan at 10:00 a.m. Central Time today. Investors will be able to connect to the call through the Company's website at www.pier1.com . The conference call can be accessed by linking through to the "Investor Relations" page to the "Events" page, or you can listen to the conference call by calling 1-800-498-7872, or if international, 1-706-643-0435. The conference ID number is 45804562.

A replay will be available after 12:00 p.m. (Central Time) for a 24 hour period and the replay can be accessed by calling 1-800-642-1687, or if international, 1-706-645-9291 using the conference ID number 45804562.

Financial Disclosure Advisory

Management's expectations and assumptions regarding future results are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements included in this press release. Any forward-looking projections or statements should be considered in conjunction with the cautionary statements and risk factors contained in the Company's Annual Report on Form 10-K. Refer to the Company's most recent SEC filings for any updates concerning these and other risks and uncertainties that may affect the Company's operations and performance. The Company assumes no obligation to update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied will not be realized.

Pier 1 Imports, Inc. is the original global importer of imported decorative home furnishings and gifts. Information about the Company is available on www.pier1.com .

SOURCE: Pier 1 Imports, Inc.


Pier 1 Imports, Inc.
Cary Turner,
817-252-8400

[setravis]

Pier 1 Shares Popped: What You Need to Know...

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of home furnishings retailer Pier 1 Imports (NYSE: PIR) climbed 11% in intraday trading Thursday, after its quarterly results easily topped Wall Street expectations.

So what: Driven by 8% revenue growth and improved margins, Pier 1 posted fourth-quarter earnings of $57.1 million, or $0.48 per share, versus a $0.30 per-share profit in the year-ago period. The U.S. downturn hit Pier 1 particularly hard, but new merchandising initiatives, cost control efforts, and, most importantly, rebounding consumer spending has helped buoy the stock to two-year highs.

Now what: Pier 1's fundamentals are moving in the right direction. Along with the release, management also outlined its new three-year growth plan, which includes investing $200 million into the business and starting a $100 million share repurchase program. And with today's good news coming off the heels of rival Bed Bath & Beyond's (Nasdaq: BBBY) earnings beat, Pier 1 shareholders should have positive industry trends working in their favor, as well.