Kirkland’s (NASDAQ:KIRK) Upgraded at ValuEngine

ValuEngine upgraded shares of Kirkland’s (NASDAQ:KIRK) from a hold rating to a buy rating in a research report sent to investors on Thursday, ValuEngine reports.

Several other analysts have also recently weighed in on the company. TheStreet cut Kirkland’s from a c rating to a d rating in a report on Thursday, June 6th. Sidoti set a $9.00 price target on Kirkland’s and gave the company a buy rating in a report on Friday, May 24th. Finally, B. Riley set a $2.00 price target on Kirkland’s and gave the company a hold rating in a report on Friday, June 7th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Kirkland’s has an average rating of Buy and an average target price of $7.67.

NASDAQ KIRK traded up $0.06 during trading hours on Thursday, hitting $1.70. The company had a trading volume of 255,662 shares, compared to its average volume of 431,642. Kirkland’s has a 52 week low of $1.52 and a 52 week high of $12.26. The company’s 50 day moving average is $2.01. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.11 and a quick ratio of 0.35. The company has a market capitalization of $23.23 million, a price-to-earnings ratio of 4.47 and a beta of 0.68.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Thursday, June 6th. The specialty retailer reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.17). Kirkland’s had a negative net margin of 0.67% and a negative return on equity of 1.45%. The business had revenue of $129.60 million during the quarter, compared to analysts’ expectations of $132.37 million. During the same period in the previous year, the business earned ($0.06) EPS. The business’s revenue was down 9.1% on a year-over-year basis. Sell-side analysts forecast that Kirkland’s will post -0.44 earnings per share for the current year.

In other news, Director Charles Pleas III acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average cost of $2.39 per share, with a total value of $239,000.00. Following the acquisition, the director now owns 112,000 shares in the company, valued at approximately $267,680. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven C. Woodward acquired 42,918 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average cost of $2.36 per share, for a total transaction of $101,286.48. Following the completion of the acquisition, the chief executive officer now owns 167,954 shares in the company, valued at approximately $396,371.44. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in KIRK. Paradigm Capital Management Inc. NY raised its holdings in shares of Kirkland’s by 8.3% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 1,072,800 shares of the specialty retailer’s stock valued at $7,542,000 after buying an additional 82,075 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Kirkland’s during the 4th quarter valued at about $773,000. Foundry Partners LLC raised its holdings in shares of Kirkland’s by 13.1% during the 2nd quarter. Foundry Partners LLC now owns 606,470 shares of the specialty retailer’s stock valued at $1,371,000 after buying an additional 70,375 shares in the last quarter. 6 Meridian purchased a new position in shares of Kirkland’s during the 1st quarter valued at about $456,000. Finally, Spark Investment Management LLC purchased a new position in shares of Kirkland’s during the 1st quarter valued at about $372,000. 99.59% of the stock is currently owned by institutional investors.

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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