Kirkland’s, Inc. (NASDAQ:KIRK) shot up 7.8% during trading on Thursday . The stock traded as high as $1.40 and last traded at $1.38, 562,423 shares were traded during mid-day trading. An increase of 30% from the average session volume of 431,722 shares. The stock had previously closed at $1.28.
Several brokerages have commented on KIRK. B. Riley cut their target price on Kirkland’s from $1.80 to $1.40 and set a “neutral” rating for the company in a research note on Friday, September 6th. ValuEngine downgraded Kirkland’s from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Sidoti set a $5.00 target price on Kirkland’s and gave the stock a “buy” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Kirkland’s currently has a consensus rating of “Hold” and an average price target of $6.13.
The firm has a 50 day simple moving average of $1.44 and a 200 day simple moving average of $2.33. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.17 and a current ratio of 0.95. The firm has a market cap of $18.47 million, a P/E ratio of 3.63 and a beta of 0.71.
Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Thursday, September 5th. The specialty retailer reported ($1.05) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.38). Kirkland’s had a negative return on equity of 8.67% and a negative net margin of 2.36%. The company had revenue of $119.90 million during the quarter, compared to the consensus estimate of $124.83 million. During the same quarter in the prior year, the business earned ($0.40) EPS. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. Sell-side analysts predict that Kirkland’s, Inc. will post -1.46 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its holdings in shares of Kirkland’s by 1,345.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 25,819 shares of the specialty retailer’s stock valued at $40,000 after acquiring an additional 24,033 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Kirkland’s in the 2nd quarter valued at about $73,000. AQR Capital Management LLC raised its holdings in shares of Kirkland’s by 74.0% in the 2nd quarter. AQR Capital Management LLC now owns 44,262 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 18,826 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Kirkland’s in the 2nd quarter valued at about $138,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Kirkland’s in the 2nd quarter valued at about $150,000. 90.80% of the stock is currently owned by hedge funds and other institutional investors.
Kirkland’s Company Profile (NASDAQ:KIRK)
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, furniture, art, fragrance and accessories, ornamental wall décor, decorative accessories, mirrors, lamps, textiles, artificial floral products, gifts, housewares, outdoor living items, frames, and clocks.
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