Kirkland’s Inc. (NASDAQ:KIRK)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a note issued to investors on Saturday. They currently have a $18.00 price objective on the stock. B. Riley’s target price indicates a potential upside of 17.34% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. SunTrust Banks Inc. cut their price objective on shares of Kirkland’s from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, August 24th. Zacks Investment Research upgraded shares of Kirkland’s from a “sell” rating to a “hold” rating in a report on Tuesday, October 25th. Finally, Sidoti downgraded shares of Kirkland’s from a “buy” rating to a “neutral” rating and cut their price target for the stock from $21.00 to $13.00 in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.20.
Kirkland’s (NASDAQ:KIRK) opened at 15.34 on Friday. Kirkland’s has a 12-month low of $11.18 and a 12-month high of $18.19. The stock has a 50 day moving average of $12.84 and a 200 day moving average of $13.67. The stock has a market cap 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 data on Tuesday, November 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.05. Kirkland’s had a net margin of 2.22% and a return on equity of 10.96%. The firm had revenue of $138.20 million for the quarter, compared to the consensus estimate of $137.50 million. During the same quarter in the prior year, the company posted ($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, equities research analysts anticipate that Kirkland’s will post $0.73 earnings per share for the current fiscal year.
In related news, Director Carl Kirkland sold 5,551 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $12.69, for a total value of $70,442.19. Following the transaction, the director now owns 860,583 shares in the company, valued at approximately $10,920,798.27. The sale was disclosed in a filing with the SEC, which is available through this link. 10.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of KIRK. Penn Capital Management Co. Inc. boosted its stake in shares of Kirkland’s by 65.2% in the third quarter. Penn Capital Management Co. Inc. now owns 685,350 shares of the company’s stock worth $8,348,000 after buying an additional 270,411 shares during the last quarter. Emerald Acquisition Ltd. boosted its stake in shares of Kirkland’s by 440.3% in the third quarter. Emerald Acquisition Ltd. now owns 268,323 shares of the company’s stock worth $3,268,000 after buying an additional 218,664 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its stake in shares of 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 last quarter. Royce & Associates LP boosted its stake in shares of Kirkland’s by 37.2% in the second quarter. Royce & Associates LP now owns 638,715 shares of the company’s stock worth $9,376,000 after buying an additional 173,278 shares during the last quarter. Finally, Royce & Associates LLC boosted its stake in shares of Kirkland’s by 52.3% in the fourth quarter. Royce & Associates LLC now owns 447,437 shares of the company’s stock worth $6,488,000 after buying an additional 153,600 shares during the last quarter. Institutional investors own 85.42% of the company’s stock.