Kirkland’s Inc. (NASDAQ:KIRK) – Equities research analysts at B. Riley decreased their Q4 2017 earnings estimates for shares of Kirkland’s in a research note issued on Wednesday. B. Riley analyst J. Van. Sinderen now expects that the brokerage will earn $0.92 per share for the quarter, down from their prior estimate of $0.96. B. Riley has a “Buy” rating and a $18.00 price target on the stock. B. Riley also issued estimates for Kirkland’s’ Q1 2018 earnings at $0.03 EPS, Q3 2018 earnings at ($0.05) EPS, Q4 2018 earnings at $1.16 EPS and FY2018 earnings at $0.90 EPS.
KIRK has been the topic of a number of other research reports. Zacks Investment Research upgraded Kirkland’s from a “sell” rating to a “hold” rating in a research report on Tuesday, October 25th. SunTrust Banks Inc. reduced their price target on Kirkland’s from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, August 24th. Finally, Sidoti downgraded Kirkland’s from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $21.00 to $13.00 in a research note on Tuesday, August 23rd. Two 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 an average target price of $18.20.
Kirkland’s (NASDAQ:KIRK) opened at 15.34 on Thursday. The company has a market capitalization of $243.75 million, a P/E ratio of 18.66 and a beta of 1.66. Kirkland’s has a 12-month low of $11.18 and a 12-month high of $18.19. The company’s 50 day moving average price is $12.84 and its 200-day moving average price is $13.67.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Kirkland’s by 277.2% in the second quarter. BlackRock Inc. now owns 7,023 shares of the company’s stock valued at $103,000 after buying an additional 5,161 shares during the period. First Quadrant L P CA bought a new stake in shares of Kirkland’s during the second quarter valued at approximately $107,000. The Manufacturers Life Insurance Company bought a new stake in shares of Kirkland’s during the third quarter valued at approximately $131,000. American International Group Inc. increased its stake in shares of Kirkland’s by 0.3% in the third quarter. American International Group Inc. now owns 10,949 shares of the company’s stock valued at $133,000 after buying an additional 36 shares during the period. Finally, Texas Permanent School Fund increased its stake in shares of Kirkland’s by 1.4% in the third quarter. Texas Permanent School Fund now owns 11,137 shares of the company’s stock valued at $136,000 after buying an additional 155 shares during the period. 85.42% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Carl Kirkland sold 4,800 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $12.51, for a total value of $60,048.00. Following the completion of the sale, the director now directly owns 816,773 shares of the company’s stock, valued at $10,217,830.23. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.50% of the stock is owned by insiders.
Kirkland’s Company Profile