Today, B. Riley Reaffirmed Buy Rating for Kirkland’s Inc. (KIRK)

Today, B. Riley Reaffirmed Buy Rating for Kirkland’s Inc. (KIRK)
Kirkland’s Inc. (NASDAQ:KIRK)‘s stock had its “buy” rating reissued by research analysts at B. Riley in a report issued on Monday. They presently have a $15.00 price objective on the stock. B. Riley’s target price would suggest a potential downside of 2.22% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. Sidoti downgraded Kirkland’s from a “buy” rating to a “neutral” rating and decreased their price target for the company from $21.00 to $13.00 in a research note on Tuesday, August 23rd. SunTrust Banks Inc. decreased their price target on Kirkland’s from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, August 24th. Finally, Zacks Investment Research raised Kirkland’s from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.60.

Shares of Kirkland’s (NASDAQ:KIRK) traded up 2.27% during mid-day trading on Monday, reaching $15.34. The company’s stock had a trading volume of 72,760 shares. The company’s 50-day moving average is $12.75 and its 200 day moving average is $13.67. Kirkland’s has a 1-year low of $11.18 and a 1-year high of $18.19. The firm has a market capitalization of $243.75 million, a P/E ratio of 18.66 and a beta of 1.66.

Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings results on Tuesday, November 22nd. The company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.05. Kirkland’s had a return on equity of 10.93% and a net margin of 2.22%. The firm had revenue of $138.20 million for the quarter, compared to the consensus estimate of $137.50 million. During the same period in the previous year, the business earned ($0.02) earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, analysts expect that Kirkland’s will post $0.73 earnings per share for the current year.

In other news, Director Carl Kirkland sold 19,718 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $12.59, for a total value of $248,249.62. Following the completion of the transaction, the director now directly owns 839,565 shares of the company’s stock, valued at $10,570,123.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Cortina Asset Management LLC boosted its position in Kirkland’s by 13.3% in the fourth quarter. Cortina Asset Management LLC now owns 441,459 shares of the company’s stock worth $6,401,000 after buying an additional 51,723 shares during the period. Allianz Asset Management AG boosted its position in Kirkland’s by 53.1% in the fourth quarter. Allianz Asset Management AG now owns 317,052 shares of the company’s stock worth $4,607,000 after buying an additional 110,020 shares during the period. Penn Capital Management Co. Inc. boosted its position in Kirkland’s by 35.9% in the fourth quarter. Penn Capital Management Co. Inc. now owns 353,936 shares of the company’s stock worth $5,132,000 after buying an additional 93,592 shares during the period. Paradigm Capital Management Inc. NY boosted its position in Kirkland’s by 21.1% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,128,200 shares of the company’s stock worth $16,359,000 after buying an additional 196,200 shares during the period. Finally, BlackRock Advisors LLC boosted its position in Kirkland’s by 36.9% in the fourth quarter. BlackRock Advisors LLC now owns 297,871 shares of the company’s stock worth $4,319,000 after buying an additional 80,291 shares during the period. 85.42% of the stock is owned by institutional investors.

Kirkland’s Company Profile

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