UBS Group AG raised its stake in Kirkland’s, Inc. (NASDAQ:KIRK) by 4.2% during the first quarter, Holdings Channel reports. The institutional investor owned 22,044 shares of the specialty retailer’s stock after buying an additional 892 shares during the period. UBS Group AG’s holdings in Kirkland’s were worth $274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KIRK. Wedge Capital Management L L P NC increased its position in shares of Kirkland’s by 48.2% in the first quarter. Wedge Capital Management L L P NC now owns 57,500 shares of the specialty retailer’s stock valued at $713,000 after buying an additional 18,700 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Kirkland’s by 16.9% in the first quarter. Great West Life Assurance Co. Can now owns 19,450 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 2,817 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its position in shares of Kirkland’s by 60.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 87,700 shares of the specialty retailer’s stock valued at $1,087,000 after buying an additional 33,200 shares in the last quarter. Wells Fargo & Company MN increased its position 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 valued at $131,000 after buying an additional 363 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Kirkland’s by 1.8% in the first quarter. Russell Investments Group Ltd. now owns 264,807 shares of the specialty retailer’s stock valued at $3,283,000 after buying an additional 4,603 shares in the last quarter. Institutional investors own 88.62% of the company’s stock.

Shares of Kirkland’s, Inc. (NASDAQ:KIRK) traded down 0.32% on Friday, hitting $9.25. The stock had a trading volume of 4,709 shares. The company has a market capitalization of $147.22 million, a price-to-earnings ratio of 17.35 and a beta of 1.25. The company has a 50-day moving average of $9.62 and a 200 day moving average of $11.11. Kirkland’s, Inc. has a 52 week low of $8.51 and a 52 week high of $17.41.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings results on Tuesday, May 23rd. The specialty retailer reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.03. The business had revenue of $132.80 million for the quarter, compared to analysts’ expectations of $134.32 million. Kirkland’s had a net margin of 1.46% and a return on equity of 6.90%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. On average, equities research analysts predict that Kirkland’s, Inc. will post $0.55 EPS for the current year.

WARNING: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/04/kirklands-inc-kirk-shares-bought-by-ubs-group-ag.html.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Kirkland’s from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. B. Riley assumed coverage on Kirkland’s in a research note on Saturday, July 1st. They set a “buy” rating and a $13.50 target price for the company. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Kirkland’s has a consensus rating of “Buy” and an average price target of $14.17.

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.

Want to see what other hedge funds are holding KIRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kirkland’s, Inc. (NASDAQ:KIRK).

Institutional Ownership by Quarter for Kirkland`s (NASDAQ:KIRK)

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.