Kirkland’s Inc. (KIRK) Scheduled to Post Quarterly Earnings on Tuesday
Kirkland’s Inc. (NASDAQ:KIRK) will be announcing its Q316 earnings results on Tuesday, November 22nd. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $137.50 million for the quarter.
Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by $0.01. The firm had revenue of $123 million for the quarter, compared to the consensus estimate of $125.54 million. Kirkland’s had a net margin of 2.35% and a return on equity of 11.08%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) earnings per share. On average, analysts expect Kirkland’s to post $0.73 EPS for the current fiscal year and $0.93 EPS for the next fiscal year.
Kirkland’s Inc. (NASDAQ:KIRK) opened at 14.04 on Friday. The company has a market capitalization of $223.10 million, a price-to-earnings ratio of 17.08 and a beta of 1.66. The firm’s 50-day moving average price is $12.49 and its 200-day moving average price is $13.73. Kirkland’s Inc. has a 52 week low of $11.18 and a 52 week high of $20.68.
In other news, Director Carl Kirkland sold 9,721 shares of Kirkland’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $13.66, for a total value of $132,788.86. Following the completion of the transaction, the director now owns 666,134 shares in the company, valued at $9,099,390.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Kirkland’s by 277.2% in the second quarter. BlackRock Inc. now owns 7,023 shares of the company’s stock worth $103,000 after buying an additional 5,161 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Kirkland’s during the third quarter worth about $131,000. American International Group Inc. boosted its position in Kirkland’s by 0.3% in the third quarter. American International Group Inc. now owns 10,949 shares of the company’s stock worth $133,000 after buying an additional 36 shares during the period. BlackRock Group LTD boosted its position in Kirkland’s by 5.5% in the third quarter. BlackRock Group LTD now owns 14,987 shares of the company’s stock worth $182,000 after buying an additional 783 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Kirkland’s by 35.0% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 19,850 shares of the company’s stock worth $240,000 after buying an additional 5,150 shares during the period. Institutional investors own 83.35% of the company’s stock.
A number of research firms recently weighed in on KIRK. B. Riley reissued a “buy” rating and set a $15.00 target price on shares of Kirkland’s in a research report on Wednesday, August 24th. Zacks Investment Research upgraded shares of Kirkland’s from a “sell” rating to a “hold” rating in a research note on Tuesday, October 25th. SunTrust Banks Inc. cut their price target on shares of Kirkland’s from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, August 24th. Finally, Sidoti cut shares of Kirkland’s from a “buy” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $13.00 in a research note on Tuesday, August 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.17.
Kirkland’s Company Profile
Kirkland’s, Inc is a specialty retailer of home decor and gifts in the United States. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products.
Receive News & Stock Ratings for Kirkland's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland's Inc. and related stocks with our FREE daily email newsletter.