NEW YORK (TheStreet) -- Pier 1 Imports (PIR) - Get Report stock is up by 4.41% to $5.09 in mid-afternoon trading on Tuesday, after data showed strong furniture sales during the holiday season.

Furniture sales grew by double digits during the holiday season, according to a MasterCard (MA) Advisors Spending Pulse report. 

Furniture and e-commerce were named the "biggest winners" this season, the report said.

Overall retail sales grew by 7.9%, which was driven by strong sales and demand for furniture and women's apparel, according to MasterCard.

"The holiday season was hot for retailers," Sarah Quinlan, SVP of market insights for MasterCard Advisors, said in a statement on Monday. "The double-digit growth in furniture sales, for instance, shows that consumers are willing and able to splurge on big ticket items."

Based in Fort Worth, TX, Pier 1 is a home decor and furniture company.

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate PIER 1 IMPORTS INC/DE as a Hold with a ratings score of C-. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • Net operating cash flow has significantly increased by 204.63% to $74.21 million when compared to the same quarter last year. In addition, PIER 1 IMPORTS INC/DE has also vastly surpassed the industry average cash flow growth rate of 19.64%.
  • The debt-to-equity ratio is somewhat low, currently at 0.89, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.28 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • PIER 1 IMPORTS INC/DE's earnings per share declined by 35.0% in the most recent quarter compared to the same quarter a year ago. Earnings per share have declined over the last two years. We anticipate that this should continue in the coming year. During the past fiscal year, PIER 1 IMPORTS INC/DE reported lower earnings of $0.83 versus $1.03 in the prior year. For the next year, the market is expecting a contraction of 47.0% in earnings ($0.44 versus $0.83).
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Specialty Retail industry. The net income has significantly decreased by 38.9% when compared to the same quarter one year ago, falling from $17.86 million to $10.92 million.
  • You can view the full analysis from the report here: PIR