Algert Global LLC decreased its holdings in Kirkland’s, Inc. (NASDAQ:KIRK) by 65.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,884 shares of the specialty retailer’s stock after selling 74,875 shares during the quarter. Algert Global LLC owned approximately 0.25% of Kirkland’s worth $392,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Royce & Associates LP boosted its holdings in Kirkland’s by 10.0% in the 3rd quarter. Royce & Associates LP now owns 450,700 shares of the specialty retailer’s stock valued at $4,548,000 after purchasing an additional 41,000 shares during the period. Ancora Advisors LLC boosted its holdings in Kirkland’s by 13.6% in the 3rd quarter. Ancora Advisors LLC now owns 72,817 shares of the specialty retailer’s stock valued at $735,000 after purchasing an additional 8,717 shares during the period. PEAK6 Investments LLC bought a new position in Kirkland’s in the 3rd quarter valued at $599,000. Signia Capital Management LLC bought a new position in Kirkland’s in the 3rd quarter valued at $4,211,000. Finally, BlackRock Inc. boosted its holdings in Kirkland’s by 1.0% in the 3rd quarter. BlackRock Inc. now owns 2,365,235 shares of the specialty retailer’s stock valued at $23,866,000 after purchasing an additional 23,664 shares during the period. Institutional investors own 97.15% of the company’s stock.
A number of analysts have recently issued reports on the stock. ValuEngine raised shares of Kirkland’s from a “hold” rating to a “buy” rating in a report on Friday, November 30th. B. Riley set a $16.00 price target on shares of Kirkland’s and gave the company a “buy” rating in a research report on Friday, November 30th. Finally, Zacks Investment Research cut shares of Kirkland’s from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th.
Shares of NASDAQ KIRK traded up $0.35 during midday trading on Wednesday, reaching $9.88. The stock had a trading volume of 234,100 shares, compared to its average volume of 185,279. Kirkland’s, Inc. has a 12-month low of $6.78 and a 12-month high of $13.48. The stock has a market cap of $141.60 million, a PE ratio of 26.00 and a beta of 1.03.
Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings data on Thursday, November 29th. The specialty retailer reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. Kirkland’s had a net margin of 0.38% and a return on equity of 3.32%. The business had revenue of $154.60 million during the quarter, compared to analyst estimates of $152.93 million. During the same quarter last year, the business earned ($0.15) earnings per share. Kirkland’s’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts expect that Kirkland’s, Inc. will post 0.5 earnings per share for the current fiscal year.
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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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