Pier 1 Imports Inc. (PIR): Today's Featured Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Pier 1 Imports ( PIR) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Pier 1 Imports fell $0.58 (-2.5%) to $22.89 on average volume. Throughout the day, 1,190,798 shares of Pier 1 Imports exchanged hands as compared to its average daily volume of 1,474,100 shares. The stock ranged in price between $22.89-$23.56 after having opened the day at $23.53 as compared to the previous trading day's close of $23.47. Other companies within the Services sector that declined today were: CTPartners Executive Search ( CTP), down 10.8%, Bioanalytical Systems ( BASI), down 10.5%, Mastech Holdings ( MHH), down 9.3% and Point.360 ( PTSX), down 8.8%.

Pier 1 Imports, Inc. operates as an importer and specialty retailer of imported decorative home furnishings and gifts. The company is also involved in e-commerce business. Pier 1 Imports has a market cap of $2.4 billion and is part of the retail industry. Shares are up 17.4% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Pier 1 Imports a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Pier 1 Imports as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, InfoSonics Corporation ( IFON), up 58.8%, FreeSeas ( FREE), up 57.6%, Newlead Holdings ( NEWL), up 35.9% and Seanergy Maritime Holdings ( SHIP), up 34.0% , were all gainers within the services sector with Target ( TGT) being today's featured services sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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