Pier One Imports Stock Hits New 52-Week High (PIR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Pier one Imports (NYSE: PIR) hit a new 52-week high Wednesday as it is currently trading at $25.22, above its previous 52-week high of $25.21 with 285,673 shares traded as of 11 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Pier one Imports has a market cap of $2.67 billion and is part of the services sector and retail industry. Shares are up 25.8% year to date as of the close of trading on Tuesday.

Pier one Imports, Inc., together with its subsidiaries, operates as an importer and specialty retailer of imported decorative home furnishings and gifts primarily in the United States and Canada. The company has a P/E ratio of 20.8, above 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 solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Pier one Imports Ratings Report.

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