Kirkland’s Inc. (NASDAQ:KIRK) – Investment analysts at B. Riley dropped their Q4 2017 earnings per share (EPS) estimates for shares of Kirkland’s in a research report issued to clients and investors on Wednesday. B. Riley analyst J. Van. Sinderen now expects that the firm will earn $0.92 per share for the quarter, down from their prior estimate of $0.96. B. Riley currently has a “Buy” rating and a $15.00 price objective on the stock. B. Riley also issued estimates for Kirkland’s’ Q1 2018 earnings at $0.03 EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at $1.16 EPS and FY2018 earnings at $0.90 EPS.

Kirkland’s (NASDAQ:KIRK) last released its earnings results on Tuesday, November 22nd. The company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.05. Kirkland’s had a net margin of 2.22% and a return on equity of 10.93%. The company earned $138.20 million during the quarter, compared to analysts’ expectations of $137.50 million. During the same quarter last year, the business earned ($0.02) EPS. The business’s revenue was up 7.0% on a year-over-year basis.

Earnings History and Estimates for Kirkland`s (NASDAQ:KIRK)

Other analysts have also recently issued reports about the stock. SunTrust Banks Inc. cut their price target on shares of Kirkland’s from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, August 24th. Zacks Investment Research raised shares of Kirkland’s from a “sell” rating to a “hold” rating in a report on Tuesday, October 25th. Finally, Sidoti cut shares of Kirkland’s from a “buy” rating to a “neutral” rating and cut their price target for the company from $21.00 to $13.00 in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $17.60.

Kirkland’s (NASDAQ:KIRK) remained flat at $15.00 during mid-day trading on Thursday. The company’s stock had a trading volume of 176,799 shares. The stock’s 50-day moving average is $12.75 and its 200-day moving average is $13.67. Kirkland’s has a 12 month low of $11.18 and a 12 month high of $18.19. The firm has a market capitalization of $238.35 million, a price-to-earnings ratio of 18.25 and a beta of 1.66.

In other Kirkland’s news, Director Carl Kirkland sold 30,182 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $14.06, for a total transaction of $424,358.92. Following the completion of the sale, the director now owns 649,000 shares in the company, valued at $9,124,940. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 10.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in KIRK. Cornerstone Capital Management Holdings LLC. raised its stake 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 valued at $240,000 after buying an additional 5,150 shares during the last quarter. Penn Capital Management Co. Inc. raised its position in Kirkland’s by 65.2% in the third quarter. Penn Capital Management Co. Inc. now owns 685,350 shares of the company’s stock valued at $8,348,000 after buying an additional 270,411 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in Kirkland’s during the third quarter valued at approximately $484,000. The Manufacturers Life Insurance Company purchased a new position in Kirkland’s during the third quarter valued at approximately $131,000. Finally, Two Sigma Advisers LP raised its position in Kirkland’s by 36.3% in the third quarter. Two Sigma Advisers LP now owns 144,131 shares of the company’s stock valued at $1,756,000 after buying an additional 38,400 shares in the last quarter. Hedge funds and other institutional investors own 85.42% of the company’s stock.

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About Kirkland’s

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.

5 Day Chart for NASDAQ:KIRK

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