Hartford Investment Management Co. bought a new stake in shares of Kirkland’s, Inc. (NASDAQ:KIRK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,300 shares of the specialty retailer’s stock, valued at approximately $209,000. Hartford Investment Management Co. owned 0.11% of Kirkland’s as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of KIRK. Vanguard Group Inc. grew its position in shares of Kirkland’s by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 828,023 shares of the specialty retailer’s stock worth $10,269,000 after buying an additional 67,228 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Kirkland’s by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 119,500 shares of the specialty retailer’s stock worth $1,481,000 after buying an additional 2,076 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kirkland’s by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,040,984 shares of the specialty retailer’s stock worth $12,908,000 after buying an additional 102,035 shares during the last quarter. Bank of America Corp DE grew its position in shares of Kirkland’s by 343.9% in the 1st quarter. Bank of America Corp DE now owns 78,443 shares of the specialty retailer’s stock worth $973,000 after buying an additional 60,771 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Kirkland’s by 29.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 55,219 shares of the specialty retailer’s stock worth $685,000 after buying an additional 12,652 shares during the last quarter. 93.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kirkland’s, Inc. (NASDAQ:KIRK) opened at $13.05 on Wednesday. The firm has a market cap of $209.85, a P/E ratio of 27.92 and a beta of 1.25. Kirkland’s, Inc. has a 12-month low of $8.17 and a 12-month high of $17.41.

Kirkland’s (NASDAQ:KIRK) last released its earnings results on Tuesday, November 21st. The specialty retailer reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $144.98 million for the quarter, compared to analysts’ expectations of $142.31 million. Kirkland’s had a return on equity of 5.93% and a net margin of 1.14%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. analysts anticipate that Kirkland’s, Inc. will post 0.49 earnings per share for the current year.

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

A number of research analysts have recently issued reports on KIRK shares. B. Riley set a $15.00 price objective on shares of Kirkland’s and gave the stock a “buy” rating in a research report on Thursday, November 16th. Sidoti raised shares of Kirkland’s from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $12.00 in a research report on Tuesday, August 22nd. KeyCorp reissued a “buy” rating and set a $14.00 target price on shares of Kirkland’s in a research report on Friday, November 10th. Finally, Zacks Investment Research raised shares of Kirkland’s from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $12.50.

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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.

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

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