Kirkland’s Inc. (KIRK) Releases Earnings Results, Beats Estimates By $0.05 EPS
Kirkland’s Inc. (NASDAQ:KIRK) posted its quarterly earnings data on Tuesday. The company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.05. Kirkland’s had a net margin of 2.35% and a return on equity of 11.08%. The company earned $138.20 million during the quarter, compared to the consensus estimate of $137.50 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Kirkland’s updated its FY17 guidance to $0.70-0.75 EPS.
Kirkland’s (NASDAQ:KIRK) traded up 3.99% during mid-day trading on Tuesday, reaching $14.59. 105,117 shares of the company were exchanged. The company has a market cap of $231.84 million, a P/E ratio of 17.75 and a beta of 1.66. Kirkland’s has a 12 month low of $11.18 and a 12 month high of $18.19. The stock’s 50-day moving average is $12.59 and its 200-day moving average is $13.67.
A number of research firms have recently commented on KIRK. Zacks Investment Research downgraded shares of Kirkland’s from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. SunTrust Banks Inc. dropped their price objective 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. B. Riley reissued a “buy” rating and set a $15.00 target price on shares of Kirkland’s in a research report on Monday. Finally, Sidoti downgraded shares of Kirkland’s from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $21.00 to $13.00 in a research report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $17.60.
In related news, Director Carl Kirkland sold 30,182 shares of the stock in a transaction on Friday, November 18th. The stock was sold at an average price of $14.06, for a total value of $424,358.92. Following the completion of the transaction, the director now owns 649,000 shares in the company, valued at approximately $9,124,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 10.50% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. American International Group Inc. raised its stake in shares of Kirkland’s by 0.3% in the third quarter. American International Group Inc. now owns 10,949 shares of the company’s stock valued at $133,000 after buying an additional 36 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Kirkland’s by 0.3% in the second quarter. Rhumbline Advisers now owns 20,249 shares of the company’s stock valued at $297,000 after buying an additional 62 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Kirkland’s by 0.3% in the third quarter. Teachers Advisors LLC now owns 39,591 shares of the company’s stock valued at $482,000 after buying an additional 134 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Kirkland’s by 1.4% in the third quarter. Texas Permanent School Fund now owns 11,137 shares of the company’s stock valued at $136,000 after buying an additional 155 shares in the last quarter. Finally, A.R.T. Advisors LLC raised its stake in shares of Kirkland’s by 0.6% in the first quarter. A.R.T. Advisors LLC now owns 31,101 shares of the company’s stock valued at $544,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 85.42% of the company’s stock.
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.