Pier 1 Imports (PIR +5.1%) shares have hit eight-year highs, but Oppenheimer says the retailer's...

|About: Pier 1 Imports Inc. (PIR)|By:, SA News Editor

Pier 1 Imports (PIR +5.1%) shares have hit eight-year highs, but Oppenheimer says the retailer's comeback is only just beginning, citing key initiatives such as a recent e-commerce launch. The firm ups its EPS forecasts for this year and next to $1.17 from $1.13 and $1.40 from $1.30, respectively, pointing to expected higher merchandise margins.