Two Sigma Advisers LP Reduces Stake in Kirkland’s Home (KIRK)

Two Sigma Advisers LP lowered its stake in shares of Kirkland’s Home (NASDAQ:KIRK) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 172,083 shares of the specialty retailer’s stock after selling 17,100 shares during the period. Two Sigma Advisers LP’s holdings in Kirkland’s Home were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in KIRK. Prudential Financial Inc. raised its holdings in shares of Kirkland’s Home by 58.0% during the third quarter. Prudential Financial Inc. now owns 38,285 shares of the specialty retailer’s stock valued at $438,000 after purchasing an additional 14,050 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Kirkland’s Home by 8.4% during the third quarter. Principal Financial Group Inc. now owns 120,661 shares of the specialty retailer’s stock valued at $1,379,000 after purchasing an additional 9,322 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Kirkland’s Home during the third quarter valued at about $545,000. Nordea Investment Management AB acquired a new position in shares of Kirkland’s Home during the third quarter valued at about $360,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Kirkland’s Home by 68.0% during the third quarter. Wells Fargo & Company MN now owns 17,081 shares of the specialty retailer’s stock valued at $195,000 after purchasing an additional 6,911 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

How to Become a New Pot Stock Millionaire

NASDAQ:KIRK opened at $10.06 on Monday. The stock has a market cap of $158.50, a PE ratio of 26.47 and a beta of 1.11. Kirkland’s Home has a one year low of $8.17 and a one year high of $13.42.

Kirkland’s Home (NASDAQ:KIRK) last posted its earnings results on Friday, March 16th. The specialty retailer reported $0.79 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.01). The business had revenue of $224.61 million for the quarter, compared to the consensus estimate of $223.59 million. Kirkland’s Home had a return on equity of 4.59% and a net margin of 0.84%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 earnings per share. research analysts anticipate that Kirkland’s Home will post 0.49 EPS for the current year.

KIRK has been the topic of several research reports. Zacks Investment Research upgraded shares of Kirkland’s Home from a “sell” rating to a “hold” rating in a report on Monday, January 8th. KeyCorp reiterated a “buy” rating on shares of Kirkland’s Home in a report on Friday, February 23rd. B. Riley set a $12.50 target price on shares of Kirkland’s Home and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Finally, ValuEngine raised shares of Kirkland’s Home from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Kirkland’s Home currently has a consensus rating of “Buy” and a consensus price target of $12.38.

In other news, insider W Michael Madden sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $10.05, for a total transaction of $150,750.00. Following the completion of the sale, the insider now directly owns 127,510 shares of the company’s stock, valued at $1,281,475.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 7.80% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Two Sigma Advisers LP Reduces Stake in Kirkland’s Home (KIRK)” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/09/two-sigma-advisers-lp-reduces-stake-in-kirklands-home-kirk.html.

Kirkland’s Home Profile

Kirkland's, Inc operates as a specialty retailer of home décor and gifts in the United States. The company's stores provide various merchandise, including framed arts, mirrors, wall décors, candles and related items, lamps, decorative accessories, accent furniture, textiles, garden-related accessories, and artificial floral products.

Want to see what other hedge funds are holding KIRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kirkland’s Home (NASDAQ:KIRK).

Institutional Ownership by Quarter for Kirkland`s Home (NASDAQ:KIRK)

Receive News & Ratings for Kirkland's Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland's Home and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply