Pier 1 Imports, Inc. (NYSE:PIR) runs in leading trade, it increasing 3.80% to traded at $9.01. PIR attains analyst recommendation of 3.30 on scale of 1-5 with week’s performance of 27.46%. Pier 1 Imports Inc.’s third-quarter results have sent shares skyrocketing to their biggest price gain ever and prompted price target increases among analysts who believe the company is taking a better approach to its merchandise and promotions.
“We were most impressed by the sharp rebound in merchandise margin driven by lapping distribution issues, cleaner inventories and more targeted promotions, although some of the strength was given back in the form of more prevalent free shipping and SG&A [selling, general and administrative expsenses] leverage, including marketing,” wrote Wedbush analysts in a note published Thursday.
To find out the technical position of PIR, it holds price to book ratio of 2.61 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. It has forward price to earnings ratio of 19.29, and price to earnings ratio calculated as 31.79. PIR is presenting price to cash flow of 8.26 and free cash flow concluded as 11.79.
EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -43.10%, and looking further price to next year’s EPS is 18.11%. While take a short look on price to sales ratio, that was 0.38 and price to earning ration of 31.79 attracting passive investors.
Swift Transportation Company (NYSE:SWFT) kept active in under and overvalue discussion, SWFT holds price to book ratio of 5.41 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation. In addition, the firm has price to earnings ratio of 20.13, which is authentic method to judge but not universal for all situation.
Fundament/ News Factor in Focus
Taking look on ratio analysis, SWFT has forward price to earnings ratio of 18.24, compare to its price to earnings ratio of 20.13. Adding one more ration to find detail valuation of security, price to earnings growth ration that stands at 2.59. The co is presenting price to cash flow as 35.03 and while calculating price to free cash flow it concluded at 10.37, the low single digit may indicate stock is undervalued and vice versa. On other hand, keeping in mind stable cash flows but few growth prospects make traders to value lower.
The firm has price volatility of 3.09% for a week and 3.28% for a month. Its beta stands at 1.92 times. Narrow down four to firm performance, its weekly performance was 2.38% and monthly performance was 0.85%.