State Board of Administration of Florida Retirement System increased its stake in Kirkland’s Inc. (NASDAQ:KIRK) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 21,020 shares of the company’s stock after buying an additional 314 shares during the period. State Board of Administration of Florida Retirement System owned about 0.13% of Kirkland’s worth $309,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KIRK. Acrospire Investment Management LLC bought a new position in Kirkland’s during the first quarter valued at approximately $131,000. Royce & Associates LP boosted its position in Kirkland’s by 4.0% in the first quarter. Royce & Associates LP now owns 465,437 shares of the company’s stock valued at $8,150,000 after buying an additional 18,000 shares during the last quarter. Spark Investment Management LLC bought a new position in Kirkland’s during the first quarter valued at approximately $941,000. Geode Capital Management LLC boosted its position in Kirkland’s by 6.6% in the first quarter. Geode Capital Management LLC now owns 110,480 shares of the company’s stock valued at $1,934,000 after buying an additional 6,809 shares during the last quarter. Finally, Bogle Investment Management L P DE bought a new position in Kirkland’s during the first quarter valued at approximately $1,115,000. 84.20% of the stock is owned by hedge funds and other institutional investors.
Shares of Kirkland’s Inc. (NASDAQ:KIRK) traded down 1.00% during mid-day trading on Friday, hitting $11.84. The company had a trading volume of 11,983 shares. Kirkland’s Inc. has a 52-week low of $11.18 and a 52-week high of $24.28. The stock’s 50-day moving average is $12.45 and its 200-day moving average is $14.43. The stock has a market cap of $188.14 million, a price-to-earnings ratio of 14.40 and a beta of 1.76.
Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings data on Tuesday, August 23rd. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.21) by $0.01. Kirkland’s had a net margin of 2.35% and a return on equity of 11.08%. The company earned $123 million during the quarter, compared to analysts’ expectations of $125.54 million. During the same period last year, the business earned ($0.11) earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts forecast that Kirkland’s Inc. will post $0.73 earnings per share for the current year.
Several research firms have recently issued reports on KIRK. Zacks Investment Research raised Kirkland’s from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Sidoti cut Kirkland’s from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $21.00 to $13.00 in a research report on Tuesday, August 23rd. B. Riley reaffirmed a “buy” rating and set a $15.00 price objective on shares of Kirkland’s in a research report on Wednesday, August 24th. Finally, SunTrust Banks Inc. lowered their price objective on Kirkland’s from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Kirkland’s currently has a consensus rating of “Buy” and an average price target of $20.14.
In other Kirkland’s news, Director Carl Kirkland sold 19,718 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $12.59, for a total value of $248,249.62. Following 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 10.50% of the stock is owned by company insiders.
Kirkland’s Company Profile
Kirkland’s, Inc is a specialty retailer of home decor and gifts in the United States. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products.