Kirkland’s, Inc. (KIRK) Stock Rating Reaffirmed by KeyCorp
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Kirkland’s from a strong-buy rating to a hold rating in a report on Tuesday, October 24th. B. Riley restated a buy rating and issued a $14.50 price objective on shares of Kirkland’s in a report on Monday, August 28th. Finally, Sidoti upgraded Kirkland’s from a neutral rating to a buy rating and raised their price objective for the company from $10.00 to $12.00 in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $12.50.
Shares of Kirkland’s (NASDAQ:KIRK) opened at $11.79 on Friday. Kirkland’s has a 12 month low of $8.17 and a 12 month high of $17.41. The stock has a market capitalization of $187.36, a PE ratio of 22.52 and a beta of 1.23.
Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Tuesday, August 22nd. The specialty retailer reported ($0.24) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.04. Kirkland’s had a return on equity of 6.59% and a net margin of 1.40%. The firm had revenue of $131.68 million for the quarter, compared to the consensus estimate of $125.44 million. During the same quarter last year, the business posted ($0.22) EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. equities research analysts anticipate that Kirkland’s will post 0.56 earnings per share for the current year.
Kirkland’s announced that its Board of Directors has initiated a stock buyback program on Tuesday, August 22nd that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
A number of hedge funds have recently modified their holdings of KIRK. JPMorgan Chase & Co. lifted its position in Kirkland’s by 1,103.1% during the second quarter. JPMorgan Chase & Co. now owns 9,998 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 9,167 shares during the last quarter. Voya Investment Management LLC acquired a new stake in Kirkland’s during the second quarter worth approximately $105,000. Texas Permanent School Fund lifted its position in Kirkland’s by 0.9% during the second quarter. Texas Permanent School Fund now owns 10,687 shares of the specialty retailer’s stock worth $110,000 after acquiring an additional 97 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Kirkland’s during the second quarter worth approximately $112,000. Finally, Wells Fargo & Company MN lifted its position in Kirkland’s by 3.6% during the first quarter. Wells Fargo & Company MN now owns 10,533 shares of the specialty retailer’s stock worth $131,000 after acquiring an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 86.74% of the company’s stock.
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.
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