Equities analysts expect that Kirkland’s, Inc. (NASDAQ:KIRK) will report sales of $143.42 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Kirkland’s’ earnings. The lowest sales estimate is $141.80 million and the highest is $144.67 million. Kirkland’s posted sales of $138.24 million during the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The company is scheduled to report its next earnings report on Tuesday, November 28th.
On average, analysts expect that Kirkland’s will report full-year sales of $143.42 million for the current year, with estimates ranging from $626.70 million to $632.39 million. For the next year, analysts anticipate that the business will report sales of $643.58 million per share, with estimates ranging from $639.80 million to $648.54 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Tuesday, August 22nd. The specialty retailer reported ($0.24) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.04. Kirkland’s had a net margin of 1.40% and a return on equity of 6.59%. The business had revenue of $131.68 million for the quarter, compared to the consensus estimate of $125.44 million. During the same quarter last year, the firm posted ($0.22) EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year.
Several research firms recently issued reports on KIRK. B. Riley reiterated a “buy” rating and issued a $14.50 price objective on shares of Kirkland’s in a report on Monday, August 28th. Zacks Investment Research cut Kirkland’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Sidoti upgraded Kirkland’s from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $12.00 in a report on Tuesday, August 22nd.
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Kirkland’s announced that its board has initiated a stock buyback program on Tuesday, August 22nd that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
A number of hedge funds have recently bought and sold shares of KIRK. Nationwide Fund Advisors boosted its holdings in shares of Kirkland’s by 0.7% during the 1st quarter. Nationwide Fund Advisors now owns 11,304 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 76 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Kirkland’s by 3.6% during the 1st quarter. Wells Fargo & Company MN now owns 10,533 shares of the specialty retailer’s stock worth $131,000 after purchasing an additional 363 shares during the last quarter. Comerica Bank boosted its holdings in shares of Kirkland’s by 4.5% during the 1st quarter. Comerica Bank now owns 16,140 shares of the specialty retailer’s stock worth $195,000 after purchasing an additional 692 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Kirkland’s by 5.0% during the 1st quarter. Ameriprise Financial Inc. now owns 76,674 shares of the specialty retailer’s stock worth $951,000 after purchasing an additional 3,650 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Kirkland’s by 7.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 43,902 shares of the specialty retailer’s stock worth $544,000 after purchasing an additional 3,151 shares during the last quarter. Institutional investors own 88.28% of the company’s stock.
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.
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