Q2 2018 EPS Estimates for Kirkland's, Inc. (KIRK) Decreased by Analyst
Kirkland's, Inc. (NASDAQ:KIRK) – Research analysts at SunTrust Banks dropped their Q2 2018 earnings per share (EPS) estimates for Kirkland's in a research report issued on Tuesday. SunTrust Banks analyst D. Magee now expects that the specialty retailer will post earnings per share of ($0.27) for the quarter, down from their prior forecast of ($0.25).
A number of other research analysts have also recently weighed in on KIRK. B. Riley reiterated a “neutral” rating and issued a $14.00 target price on shares of Kirkland's in a report on Monday, February 6th. Zacks Investment Research cut Kirkland's from a “hold” rating to a “sell” rating in a report on Tuesday, February 7th. Finally, Raymond James Financial, Inc. upgraded Kirkland's from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, March 14th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $16.88.
Kirkland's (NASDAQ:KIRK) traded up 2.08% during midday trading on Thursday, hitting $8.82. The company had a trading volume of 44,881 shares. The stock has a 50 day moving average of $11.63 and a 200 day moving average of $13.03. Kirkland's has a 52-week low of $8.51 and a 52-week high of $17.41. The firm has a market cap of $140.38 million, a price-to-earnings ratio of 12.97 and a beta of 1.71.
Kirkland's (NASDAQ:KIRK) last posted its quarterly earnings data on Tuesday, May 23rd. The specialty retailer reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $132.80 million during the quarter, compared to analysts’ expectations of $134.32 million. Kirkland's had a net margin of 2.22% and a return on equity of 10.96%. Kirkland's’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.06 EPS.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors boosted its position in shares of Kirkland's by 0.7% in the first quarter. Nationwide Fund Advisors now owns 11,304 shares of the specialty retailer’s stock worth $140,000 after buying an additional 76 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Kirkland's by 3.6% in the first quarter. Wells Fargo & Company MN now owns 10,533 shares of the specialty retailer’s stock worth $131,000 after buying an additional 363 shares during the last quarter. Comerica Bank raised its stake in shares of Kirkland's by 4.5% in the first quarter. Comerica Bank now owns 16,140 shares of the specialty retailer’s stock worth $195,000 after buying an additional 692 shares during the last quarter. UBS Group AG raised its stake in shares of Kirkland's by 4.2% in the first quarter. UBS Group AG now owns 22,044 shares of the specialty retailer’s stock worth $274,000 after buying an additional 892 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Kirkland's by 1.8% in the first quarter. Geode Capital Management LLC now owns 119,500 shares of the specialty retailer’s stock worth $1,481,000 after buying an additional 2,076 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.
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.