Kirkland’s, Inc. (NASDAQ:KIRK) – Research analysts at B. Riley lowered their FY2019 earnings estimates for shares of Kirkland’s in a report released on Tuesday, November 27th, Zacks Investment Research reports. B. Riley analyst J. Van. Sinderen now anticipates that the specialty retailer will post earnings per share of $0.48 for the year, down from their previous forecast of $0.52. B. Riley has a “Buy” rating and a $16.00 price objective on the stock. B. Riley also issued estimates for Kirkland’s’ FY2020 earnings at $0.53 EPS.
Kirkland’s (NASDAQ:KIRK) last released its earnings results on Thursday, November 29th. The specialty retailer reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $154.60 million for the quarter, compared to the consensus estimate of $152.93 million. During the same quarter in the previous year, the company posted ($0.15) EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year.
KIRK has been the topic of several other reports. Zacks Investment Research reaffirmed a “hold” rating on shares of Kirkland’s in a report on Tuesday, November 13th. ValuEngine upgraded Kirkland’s from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st.
NASDAQ:KIRK traded down $0.08 during mid-day trading on Wednesday, hitting $9.09. 229,192 shares of the company’s stock traded hands, compared to its average volume of 199,849. The firm has a market capitalization of $138.18 million, a P/E ratio of 23.92 and a beta of 0.97. Kirkland’s has a twelve month low of $6.78 and a twelve month high of $13.48.
A number of large investors have recently added to or reduced their stakes in KIRK. Advisors Preferred LLC lifted its holdings in Kirkland’s by 718.5% during the 2nd quarter. Advisors Preferred LLC now owns 10,510 shares of the specialty retailer’s stock worth $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 in the 2nd quarter valued at about $158,000. Bailard Inc. acquired a new position in Kirkland’s in the 2nd quarter valued at about $219,000. First Trust Advisors LP acquired a new position in Kirkland’s in the 3rd quarter valued at about $240,000. Finally, PEAK6 Investments LLC acquired a new position in Kirkland’s in the 3rd quarter valued at about $599,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.
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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