Kirkland’s (KIRK) Downgraded by B. Riley to “Neutral”

B. Riley lowered shares of Kirkland’s (NASDAQ:KIRK) from a buy rating to a neutral rating in a research report sent to investors on Wednesday, BenzingaRatingsTable reports. The firm currently has $6.50 price target on the specialty retailer’s stock, down from their prior price target of $12.00. B. Riley also issued estimates for Kirkland’s’ Q2 2020 earnings at ($0.59) EPS, Q3 2020 earnings at ($0.29) EPS, Q4 2020 earnings at $0.83 EPS, FY2020 earnings at ($0.52) EPS and FY2021 earnings at ($0.61) EPS.

Separately, Zacks Investment Research upgraded shares of Kirkland’s from a hold rating to a buy rating and set a $12.00 target price for the company in a report on Wednesday, February 13th.

Shares of Kirkland’s stock traded up $0.32 during trading on Wednesday, reaching $4.69. 476,882 shares of the stock were exchanged, compared to its average volume of 287,259. The firm has a market cap of $62.38 million, a P/E ratio of 10.40 and a beta of 0.86. Kirkland’s has a 1 year low of $4.33 and a 1 year high of $13.48.

Kirkland’s (NASDAQ:KIRK) last posted its earnings results on Friday, March 15th. The specialty retailer reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.02). The firm had revenue of $216.10 million for the quarter, compared to analysts’ expectations of $222.68 million. Kirkland’s had a return on equity of 4.37% and a net margin of 0.58%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. Sell-side analysts anticipate that Kirkland’s will post -0.17 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Kirkland’s by 1.0% in the third quarter. BlackRock Inc. now owns 2,365,235 shares of the specialty retailer’s stock worth $23,866,000 after buying an additional 23,664 shares in the last quarter. Vanguard Group Inc. raised its stake in Kirkland’s by 2.3% in the third quarter. Vanguard Group Inc. now owns 991,439 shares of the specialty retailer’s stock worth $10,003,000 after buying an additional 21,866 shares in the last quarter. Vanguard Group Inc raised its stake in Kirkland’s by 2.3% in the third quarter. Vanguard Group Inc now owns 991,439 shares of the specialty retailer’s stock worth $10,003,000 after buying an additional 21,866 shares in the last quarter. Legal & General Group Plc raised its stake in Kirkland’s by 5.5% in the third quarter. Legal & General Group Plc now owns 32,739 shares of the specialty retailer’s stock worth $333,000 after buying an additional 1,696 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Kirkland’s by 18.7% in the fourth quarter. Rhumbline Advisers now owns 44,640 shares of the specialty retailer’s stock worth $425,000 after buying an additional 7,024 shares in the last quarter. Institutional investors own 97.15% of the company’s stock.

Kirkland’s Company Profile

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, furniture, art, fragrance and accessories, ornamental wall décor, decorative accessories, mirrors, lamps, textiles, artificial floral products, gifts, housewares, outdoor living items, frames, and clocks.

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