B. Riley Equities Analysts Cut Earnings Estimates for Kirkland’s, Inc. (KIRK)
Kirkland’s, Inc. (NASDAQ:KIRK) – Research analysts at B. Riley reduced their Q3 2018 earnings per share estimates for Kirkland’s in a report released on Thursday. B. Riley analyst J. Van. Sinderen now anticipates that the specialty retailer will post earnings of ($0.12) per share for the quarter, down from their prior forecast of ($0.09). B. Riley has a “Buy” rating and a $15.00 price objective on the stock.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Kirkland’s from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a report on Wednesday, August 23rd. Sidoti upgraded 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 report on Tuesday, August 22nd. Finally, KeyCorp restated a “buy” rating and set a $14.00 price target on shares of Kirkland’s in a report on Friday, November 10th. 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. Kirkland’s currently has an average rating of “Buy” and a consensus target price of $12.63.
Kirkland’s (NASDAQ KIRK) opened at $12.53 on Monday. Kirkland’s has a fifty-two week low of $8.17 and a fifty-two week high of $17.41. The company has a market cap of $200.48, a price-to-earnings ratio of 24.10 and a beta of 1.23.
Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings results on Tuesday, August 22nd. The specialty retailer reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.04. Kirkland’s had a net margin of 1.40% and a return on equity of 6.59%. The business had revenue of $131.68 million for the quarter, compared to analysts’ expectations of $125.44 million. During the same period in the previous year, the company posted ($0.22) EPS. Kirkland’s’s revenue was up 7.0% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in KIRK. JPMorgan Chase & Co. lifted its stake in shares of Kirkland’s by 1,103.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,998 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 9,167 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of Kirkland’s in the 2nd quarter valued at $105,000. Texas Permanent School Fund lifted its stake in shares of Kirkland’s by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 10,687 shares of the specialty retailer’s stock valued at $110,000 after purchasing an additional 97 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Kirkland’s in the 2nd quarter valued at $112,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Kirkland’s by 3.6% in the 1st 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 last quarter. 83.35% of the stock is owned by institutional investors and hedge funds.
Kirkland’s declared that its board has authorized a share buyback program on Tuesday, August 22nd that permits the company to buyback $10.00 million in shares. This buyback authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
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.