Analysts Expect Kirkland’s, Inc. (KIRK) Will Post Quarterly Sales of $126.43 Million
Equities analysts forecast that Kirkland’s, Inc. (NASDAQ:KIRK) will post sales of $126.43 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Kirkland’s’ earnings, with the lowest sales estimate coming in at $125.60 million and the highest estimate coming in at $127.30 million. Kirkland’s posted sales of $123.02 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, August 22nd.
According to Zacks, analysts expect that Kirkland’s will report full-year sales of $126.43 million for the current year, with estimates ranging from $620.42 million to $622.30 million. For the next financial year, analysts forecast that the business will report sales of $635.17 million per share, with estimates ranging from $633.30 million to $637.90 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last announced its earnings results on Tuesday, May 23rd. The specialty retailer reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $132.80 million during 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 company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share.
Separately, B. Riley started coverage on Kirkland’s in a report on Saturday, July 1st. They set a “buy” rating and a $13.50 price objective on the stock. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Kirkland’s currently has a consensus rating of “Buy” and an average price target of $14.17.
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Shares of Kirkland’s (KIRK) traded down 5.07% during midday trading on Wednesday, reaching $8.23. 183,812 shares of the company were exchanged. The company has a 50 day moving average price of $9.52 and a 200-day moving average price of $10.73. Kirkland’s has a 12-month low of $8.18 and a 12-month high of $17.41. The stock has a market capitalization of $130.99 million, a P/E ratio of 15.44 and a beta of 1.25.
Several hedge funds have recently modified their holdings of the company. State of Tennessee Treasury Department boosted its stake in shares of Kirkland’s by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 13,992 shares of the specialty retailer’s stock valued at $174,000 after buying an additional 2,112 shares during the period. TFS Capital LLC purchased a new stake in shares of Kirkland’s during the first quarter valued at about $288,000. Adams Diversified Equity Fund Inc. boosted its stake 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 during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Kirkland’s by 835.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,674 shares of the specialty retailer’s stock valued at $181,000 after buying an additional 10,426 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of Kirkland’s during the first quarter valued at about $249,000. 85.59% of the stock is currently owned by institutional investors and hedge funds.
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.
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