31,500 Shares in Kirkland’s, Inc. (KIRK) Purchased by Nordea Investment Management AB

Nordea Investment Management AB bought a new position in shares of Kirkland’s, Inc. (NASDAQ:KIRK) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 31,500 shares of the specialty retailer’s stock, valued at approximately $360,000. Nordea Investment Management AB owned approximately 0.20% of Kirkland’s at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KIRK. Vanguard Group Inc. grew its holdings in shares of Kirkland’s by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 828,023 shares of the specialty retailer’s stock valued at $10,269,000 after acquiring an additional 67,228 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kirkland’s by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 119,500 shares of the specialty retailer’s stock valued at $1,481,000 after acquiring an additional 2,076 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kirkland’s by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,040,984 shares of the specialty retailer’s stock valued at $12,908,000 after acquiring an additional 102,035 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Kirkland’s by 343.9% in the 1st quarter. Bank of America Corp DE now owns 78,443 shares of the specialty retailer’s stock valued at $973,000 after acquiring an additional 60,771 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Kirkland’s by 29.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 55,219 shares of the specialty retailer’s stock valued at $685,000 after acquiring an additional 12,652 shares in the last quarter. Hedge funds and other institutional investors own 93.94% of the company’s stock.

In other news, Director Gregory A. Sandfort bought 7,639 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average cost of $13.12 per share, for a total transaction of $100,223.68. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $26,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.80% of the company’s stock.

Several equities analysts have recently weighed in on the company. B. Riley restated 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. KeyCorp reiterated a “buy” rating and issued a $14.00 target price on shares of Kirkland’s in a research note on Friday, November 10th. Finally, Sidoti upgraded shares of Kirkland’s from a “neutral” rating to a “buy” rating and raised their target price for the company from $10.00 to $12.00 in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $12.50.

Shares of Kirkland’s, Inc. (KIRK) opened at $13.00 on Monday. Kirkland’s, Inc. has a one year low of $8.17 and a one year high of $17.41. The stock has a market cap of $207.92, a PE ratio of 27.66 and a beta of 1.25.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Tuesday, November 21st. The specialty retailer reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). Kirkland’s had a net margin of 1.14% and a return on equity of 5.93%. The firm had revenue of $144.98 million during the quarter, compared to analyst estimates of $142.31 million. During the same quarter last year, the business posted ($0.05) earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. equities research analysts expect that Kirkland’s, Inc. will post 0.49 EPS for the current year.

Kirkland’s announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 22nd that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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Kirkland’s 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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Institutional Ownership by Quarter for Kirkland`s (NASDAQ:KIRK)

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