Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Kirkland’s (KIRK) Share Price

News articles about Kirkland’s (NASDAQ:KIRK) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kirkland’s earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media headlines about the specialty retailer an impact score of 46.815182273149 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

Shares of Kirkland’s (KIRK) traded up $0.07 during trading on Thursday, hitting $12.48. The stock had a trading volume of 113,400 shares, compared to its average volume of 155,520. The firm has a market capitalization of $198.49, a P/E ratio of 26.40 and a beta of 1.25. Kirkland’s has a 12 month low of $8.17 and a 12 month high of $17.41.

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

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

KIRK has been the subject of several recent research reports. Zacks Investment Research downgraded Kirkland’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. B. Riley reiterated a “buy” rating and issued a $14.50 price target on shares of Kirkland’s in a report on Wednesday, November 22nd. KeyCorp reiterated a “buy” rating and issued a $14.00 price target on shares of Kirkland’s in a report on Friday, November 10th. Finally, Sidoti upgraded Kirkland’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $10.00 to $12.00 in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kirkland’s presently has a consensus rating of “Buy” and a consensus target price of $12.50.

In other Kirkland’s news, Director Gregory A. Sandfort bought 7,639 shares of the stock in a transaction dated Tuesday, December 5th. The stock was bought at an average cost of $13.12 per share, for a total transaction of $100,223.68. Following the completion of the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $26,240. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.80% of the stock is owned by company insiders.

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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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