Nokomis Capital L.L.C. decreased its holdings in shares of Kirkland’s, Inc. (NASDAQ:KIRK) by 1.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 573,167 shares of the specialty retailer’s stock after selling 9,534 shares during the period. Kirkland’s accounts for 1.1% of Nokomis Capital L.L.C.’s portfolio, making the stock its 26th largest position. Nokomis Capital L.L.C. owned approximately 3.64% of Kirkland’s worth $5,554,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Divisar Capital Management LLC grew its holdings in shares of Kirkland’s by 37.0% during the fourth quarter. Divisar Capital Management LLC now owns 704,742 shares of the specialty retailer’s stock valued at $8,432,000 after buying an additional 190,270 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Kirkland’s by 7.6% during the fourth quarter. BlackRock Inc. now owns 2,278,912 shares of the specialty retailer’s stock valued at $27,268,000 after buying an additional 160,233 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Kirkland’s by 95.7% during the fourth quarter. Royce & Associates LP now owns 307,070 shares of the specialty retailer’s stock valued at $3,674,000 after buying an additional 150,170 shares during the last quarter. Mackay Shields LLC purchased a new stake in shares of Kirkland’s during the first quarter valued at approximately $1,374,000. Finally, Trexquant Investment LP purchased a new stake in shares of Kirkland’s during the first quarter valued at approximately $722,000. 93.80% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on the stock. KeyCorp increased their price target on shares of Kirkland’s from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, June 1st. Zacks Investment Research cut shares of Kirkland’s from a “buy” rating to a “hold” rating in a report on Tuesday, June 5th. B. Riley set a $14.00 target price on shares of Kirkland’s and gave the stock a “buy” rating in a report on Wednesday, May 30th. Finally, ValuEngine cut shares of Kirkland’s from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Kirkland’s currently has an average rating of “Buy” and a consensus target price of $12.38.
Shares of KIRK stock opened at $12.56 on Thursday. Kirkland’s, Inc. has a 12-month low of $8.17 and a 12-month high of $13.48. The company has a market capitalization of $199.68 million, a P/E ratio of 33.05 and a beta of 1.08.
Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Thursday, May 31st. The specialty retailer reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. Kirkland’s had a net margin of 0.91% and a return on equity of 5.57%. The company had revenue of $142.50 million for the quarter, compared to analysts’ expectations of $140.33 million. During the same quarter last year, the company posted ($0.09) earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. analysts expect that Kirkland’s, Inc. will post 0.51 EPS for the current fiscal year.
Kirkland’s Company Profile
Kirkland's, Inc operates as a specialty retailer of home décor in the United States. The company's stores provide various merchandise, including holiday décor, framed arts, furniture, ornamental wall décor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items.
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