Adams Asset Advisors LLC raised its stake in shares of Kirkland’s, Inc. (NASDAQ:KIRK) by 23.1% during the 4th quarter, HoldingsChannel reports. The fund owned 112,376 shares of the specialty retailer’s stock after acquiring an additional 21,052 shares during the period. Adams Asset Advisors LLC’s holdings in Kirkland’s were worth $1,070,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Foundry Partners LLC lifted its stake in Kirkland’s by 26.6% during the 3rd quarter. Foundry Partners LLC now owns 555,745 shares of the specialty retailer’s stock valued at $5,607,000 after acquiring an additional 116,790 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Kirkland’s during the 3rd quarter worth $240,000. PEAK6 Investments LLC bought a new stake in shares of Kirkland’s during the 3rd quarter worth $599,000. Putnam Investments LLC raised its stake in shares of Kirkland’s by 83.1% during the 3rd quarter. Putnam Investments LLC now owns 141,160 shares of the specialty retailer’s stock worth $1,424,000 after purchasing an additional 64,060 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Kirkland’s by 38.7% during the 2nd quarter. Renaissance Technologies LLC now owns 744,000 shares of the specialty retailer’s stock worth $8,660,000 after purchasing an additional 207,700 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.
KIRK has been the topic of a number of recent analyst reports. B. Riley set a $16.00 target price on Kirkland’s and gave the stock a “buy” rating in a research note on Friday, November 30th. ValuEngine upgraded Kirkland’s from a “hold” rating to a “buy” rating in a research note on Friday, November 30th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Kirkland’s in a research note on Tuesday, November 13th.
Shares of NASDAQ KIRK traded down $0.55 during mid-day trading on Thursday, reaching $9.72. 166,136 shares of the company’s stock were exchanged, compared to its average volume of 134,488. The stock has a market capitalization of $146.06 million, a price-to-earnings ratio of 25.58 and a beta of 1.03. Kirkland’s, Inc. has a 52 week low of $6.78 and a 52 week high of $13.48.
Kirkland’s (NASDAQ:KIRK) last released its earnings results on Thursday, November 29th. The specialty retailer reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.03. Kirkland’s had a return on equity of 3.32% and a net margin of 0.38%. The company had revenue of $154.60 million for the quarter, compared to analysts’ expectations of $152.93 million. During the same period in the previous year, the business posted ($0.15) EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts forecast that Kirkland’s, Inc. will post 0.5 earnings per share for the current fiscal year.
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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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