What Recent Ownership Trends Suggest About Pier 1 Imports, Inc. (PIR)’s Future Performance

Recent insider trends for Pier 1 Imports, Inc. (NYSE:PIR) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on PIR is anything to go by, investors should pay attention.

Institutions own 82.69% of Pier 1 Imports, Inc. (PIR)’s shares. The total value of these holdings, in millions, is $210. Among active positions in the latest quarter, 90 holders increased their positions by a total of 12.23 million shares, 79 holders decreased the positions by a total of 12.32 million shares, and 27 holders held their positions. This works out to a net decrease in ownership of 88367 shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 29 holders initiated new positions by a total of 3.74 million shares and 31 holders exited their positions by a total of 4.47 million shares. This nets out to a decrease of 725105 shares and is another bearish sign for PIR.

In the last three months, insiders executed a total of 50 trades. 48 of these were buys and 2 were sells. Insider ownership increased by a total of 43901 shares, which suggests that PIR’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 239 buys and 40 sells, and ownership increased by a net of 1.23 million shares.

Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Pier 1 Imports, Inc. (NYSE:PIR)’s short interest is 10.44 million shares, or 13.90% of the float. This represents an increase of 1% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for PIR. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that PIR is a Strong sell, which implies that PIR is expected to underperform the market based on prior trading patterns.


Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Pier 1 Imports, Inc. (NYSE:PIR) is overvalued.

Previous ArticleNext Article

Related Post

Should You Buy Seadrill Limited (SDRL) or Baozun I... Seadrill Limited (NYSE:SDRL) shares are up more than 150.76% this year and recently increased 26.09% or $0.12 to settle at $0.58. Baozun Inc. (NASDAQ:...
Should You Invest in Aimmune Therapeutics, Inc. (A... Recent insider trends for Aimmune Therapeutics, Inc. (NASDAQ:AIMT) have caught the attention of investors. Analysts monitor insider data to understand...
What the Insider Data Suggests About Top Ships Inc... Recent insider trends for Top Ships Inc. (NASDAQ:TOPS) have caught the attention of investors. Insider activity is often a strong indicator of future ...
Analyzing the Insider Data for YY Inc. (YY) Recent insider trends for YY Inc. (NASDAQ:YY) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlo...
Should You Invest in Snap Inc. (SNAP)? A Look at t... Recent insider trends for Snap Inc. (NYSE:SNAP) have caught the attention of investors. Analysts study insider data to get a sense of sense of what ke...