Adams Asset Advisors LLC acquired a new position in Kirkland’s, Inc. (NASDAQ:KIRK) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 91,324 shares of the specialty retailer’s stock, valued at approximately $1,063,000.

Several other hedge funds have also modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Kirkland’s in the 1st quarter worth approximately $1,126,000. A.R.T. Advisors LLC purchased a new position in shares of Kirkland’s in the 1st quarter valued at approximately $225,000. OppenheimerFunds Inc. lifted its stake in shares of Kirkland’s by 23.8% in the 1st quarter. OppenheimerFunds Inc. now owns 39,571 shares of the specialty retailer’s stock valued at $383,000 after purchasing an additional 7,620 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Kirkland’s by 220.1% in the 1st quarter. GSA Capital Partners LLP now owns 76,266 shares of the specialty retailer’s stock valued at $739,000 after purchasing an additional 52,441 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Kirkland’s by 25.2% in the 1st quarter. Russell Investments Group Ltd. now owns 60,116 shares of the specialty retailer’s stock valued at $582,000 after purchasing an additional 12,116 shares during the period. Hedge funds and other institutional investors own 93.07% of the company’s stock.

A number of research analysts have recently commented on KIRK shares. B. Riley started coverage on Kirkland’s in a research note on Monday, March 19th. They issued a “buy” rating and a $14.00 target price for the company. ValuEngine upgraded Kirkland’s from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Zacks Investment Research upgraded Kirkland’s from a “sell” rating to a “hold” rating in a research note on Tuesday, April 24th. Finally, KeyCorp raised their target price on Kirkland’s from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, June 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $12.38.

Shares of Kirkland’s traded down $0.47, reaching $11.57, on Wednesday, according to Marketbeat. The stock had a trading volume of 82,340 shares, compared to its average volume of 180,797. The stock has a market cap of $190.11 million, a PE ratio of 30.45 and a beta of 1.18. Kirkland’s, Inc. has a 12-month low of $8.17 and a 12-month high of $13.48.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Thursday, May 31st. The specialty retailer reported ($0.06) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.04. The business had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $140.33 million. Kirkland’s had a return on equity of 5.57% and a net margin of 0.91%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) earnings per share. sell-side analysts predict that Kirkland’s, Inc. will post 0.51 EPS for the current fiscal year.

About Kirkland’s

Kirkland's, Inc operates as a specialty retailer of home décor in the United States. The company's stores provide various merchandise, including holiday décor, framed arts, furniture, ornamental wall décor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items.

Want to see what other hedge funds are holding KIRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kirkland’s, Inc. (NASDAQ:KIRK).

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

Receive News & Ratings for Kirkland's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland's and related companies with MarketBeat.com's FREE daily email newsletter.