Russell Investments Group Ltd. lowered its holdings in Kirkland’s, Inc. (NASDAQ:KIRK) by 62.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,203 shares of the specialty retailer’s stock after selling 165,604 shares during the period. Russell Investments Group Ltd. owned approximately 0.62% of Kirkland’s worth $1,019,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN raised 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 purchasing an additional 363 shares during the period. Nationwide Fund Advisors raised 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 valued at $140,000 after purchasing an additional 76 shares during the period. State of Tennessee Treasury Department raised its position 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 purchasing an additional 2,112 shares during the period. Comerica Bank raised its position 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 valued at $195,000 after purchasing an additional 692 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Kirkland’s in the first quarter valued at approximately $201,000. 87.34% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on KIRK. B. Riley reissued a “buy” rating and issued a $14.50 price target on shares of Kirkland’s in a research report on Monday, August 28th. Zacks Investment Research raised shares of Kirkland’s from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, August 23rd. Finally, Sidoti raised shares of Kirkland’s from a “neutral” rating to a “buy” rating and boosted their price target for the company from $10.00 to $12.00 in a research report on Tuesday, August 22nd.

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Kirkland’s, Inc. (KIRK) traded up 2.44% during mid-day trading on Wednesday, hitting $11.35. 106,652 shares of the stock traded hands. Kirkland’s, Inc. has a 1-year low of $8.17 and a 1-year high of $17.41. The stock has a market cap of $181.72 million, a price-to-earnings ratio of 21.87 and a beta of 1.24. The company’s 50 day moving average price is $10.11 and its 200-day moving average price is $10.64.

Kirkland’s (NASDAQ:KIRK) last released its earnings results on Tuesday, August 22nd. The specialty retailer reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.04. Kirkland’s had a net margin of 1.40% and a return on equity of 6.59%. The company had revenue of $131.68 million for the quarter, compared to analysts’ expectations of $125.44 million. During the same quarter last year, the business earned ($0.22) EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Analysts predict that Kirkland’s, Inc. will post $0.58 earnings per share for the current year.

Kirkland’s announced that its board has approved a share repurchase program on Tuesday, August 22nd that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

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.

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

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