NEW YORK (

TheStreet

) --

Pier one Imports

(NYSE:

PIR

) hit a new 52-week high Tuesday as it is currently trading at $17.09, above its previous 52-week high of $17.07 with 182,769 shares traded as of 9:55 a.m. ET. Average volume has been two million shares over the past 30 days.

Pier one Imports has a market cap of $1.68 billion and is part of the

services

sector and

retail

industry. Shares are up 20.7% year to date as of the close of trading on Monday.

Pier one Imports, Inc., together with its subsidiaries, operates as an importer and specialty retailer of imported decorative home furnishings and gifts in the United States, Canada, and Mexico. The company has a P/E ratio of 17.3, above the average retail industry P/E ratio of 16.1 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Pier one Imports as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Pier one Imports Ratings Report

.

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