Wall Street analysts expect that Kirkland’s, Inc. (NASDAQ:KIRK) will report ($0.14) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Kirkland’s’ earnings. Kirkland’s reported earnings of ($0.10) per share in the same quarter last year, which would indicate a negative year over year growth rate of 40%. The firm is scheduled to issue its next earnings results on Tuesday, November 20th.
On average, analysts expect that Kirkland’s will report full-year earnings of $0.52 per share for the current fiscal year. For the next fiscal year, analysts expect that the business will report earnings of $0.58 per share, with EPS estimates ranging from $0.56 to $0.60. Zacks’ EPS averages are an average based on a survey of analysts that follow Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Thursday, August 30th. The specialty retailer reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). The company had revenue of $133.90 million during the quarter, compared to analysts’ expectations of $136.55 million. Kirkland’s had a net margin of 0.45% and a return on equity of 3.61%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.24) earnings per share.
A number of equities research analysts recently commented on KIRK shares. Zacks Investment Research lowered Kirkland’s from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. ValuEngine lowered Kirkland’s from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Finally, B. Riley set a $15.00 price target on Kirkland’s and gave the company a “buy” rating in a research report on Tuesday, August 28th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KIRK. Advisors Preferred LLC raised its position in Kirkland’s by 718.5% in the 2nd quarter. Advisors Preferred LLC now owns 10,510 shares of the specialty retailer’s stock valued at $122,000 after buying an additional 9,226 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Kirkland’s during the 2nd quarter valued at $158,000. Bailard Inc. purchased a new stake in shares of Kirkland’s during the 2nd quarter valued at $219,000. A.R.T. Advisors LLC purchased a new stake in shares of Kirkland’s during the 1st quarter valued at $225,000. Finally, First Trust Advisors LP purchased a new stake in shares of Kirkland’s during the 3rd quarter valued at $240,000. 98.26% of the stock is owned by institutional investors and hedge funds.
NASDAQ KIRK opened at $10.29 on Tuesday. The firm has a market capitalization of $160.86 million, a P/E ratio of 27.08 and a beta of 1.23. Kirkland’s has a 12 month low of $8.55 and a 12 month 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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