Kirkland’s, Inc. (KIRK) Expected to Announce Quarterly Sales of $153.18 Million

Equities analysts expect that Kirkland’s, Inc. (NASDAQ:KIRK) will announce $153.18 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Kirkland’s’ earnings. The lowest sales estimate is $152.20 million and the highest is $154.16 million. Kirkland’s reported sales of $144.98 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The company is expected to announce its next earnings report on Tuesday, November 20th.

According to Zacks, analysts expect that Kirkland’s will report full-year sales of $652.14 million for the current financial year, with estimates ranging from $649.80 million to $654.49 million. For the next financial year, analysts forecast that the firm will post sales of $667.29 million, with estimates ranging from $665.28 million to $669.30 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Kirkland’s.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings results on Thursday, August 30th. The specialty retailer reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.04). The firm had revenue of $133.90 million during the quarter, compared to analysts’ expectations of $136.55 million. Kirkland’s had a return on equity of 3.61% and a net margin of 0.45%. Kirkland’s’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.24) earnings per share.

A number of equities research analysts have recently commented on KIRK shares. B. Riley set a $15.00 target price on Kirkland’s and gave the stock a “buy” rating in a research note on Tuesday, August 28th. ValuEngine cut Kirkland’s from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Finally, Zacks Investment Research cut Kirkland’s from a “hold” rating to a “sell” rating in a research note on Friday, August 31st.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Kirkland’s by 2.6% in the second quarter. BlackRock Inc. now owns 2,341,571 shares of the specialty retailer’s stock worth $27,256,000 after acquiring an additional 60,035 shares during the last quarter. Divisar Capital Management LLC grew its stake in shares of Kirkland’s by 2.3% in the second quarter. Divisar Capital Management LLC now owns 883,247 shares of the specialty retailer’s stock worth $10,281,000 after acquiring an additional 19,989 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Kirkland’s by 38.7% in the second quarter. Renaissance Technologies LLC now owns 744,000 shares of the specialty retailer’s stock worth $8,660,000 after acquiring an additional 207,700 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Kirkland’s by 92.2% in the second quarter. Acadian Asset Management LLC now owns 255,720 shares of the specialty retailer’s stock worth $2,977,000 after acquiring an additional 122,663 shares during the last quarter. Finally, Mackay Shields LLC grew its stake in shares of Kirkland’s by 3.9% in the second quarter. Mackay Shields LLC now owns 147,412 shares of the specialty retailer’s stock worth $1,716,000 after acquiring an additional 5,600 shares during the last quarter. 97.53% of the stock is currently owned by hedge funds and other institutional investors.

KIRK stock traded up $0.09 during midday trading on Monday, hitting $9.46. The stock had a trading volume of 172,891 shares, compared to its average volume of 186,708. The stock has a market cap of $158.04 million, a price-to-earnings ratio of 24.89 and a beta of 1.22. Kirkland’s has a 52-week low of $8.55 and a 52-week high of $13.48.

Kirkland’s Company Profile

Kirkland's, Inc operates as a specialty retailer of home décor in the United States. The company's stores provide various merchandise, including holiday décor, framed arts, furniture, ornamental wall décor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items.

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Earnings History and Estimates for Kirkland`s (NASDAQ:KIRK)

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