Kirkland’s (KIRK) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Kirkland’s (NASDAQ:KIRK) from a hold rating to a buy rating in a research note released on Friday.

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Kirkland’s from a hold rating to a sell rating in a report on Friday, August 31st. B. Riley set a $15.00 price target on shares of Kirkland’s and gave the company a buy rating in a report on Tuesday, August 28th.

Kirkland’s stock opened at $10.85 on Friday. The firm has a market cap of $169.94 million, a PE ratio of 28.55 and a beta of 0.96. Kirkland’s has a 1-year low of $6.78 and a 1-year high of $13.48.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Thursday, November 29th. The specialty retailer reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. The business had revenue of $154.60 million for the quarter, compared to the consensus estimate of $152.93 million. Kirkland’s had a net margin of 0.38% and a return on equity of 3.32%. Kirkland’s’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.15) EPS. On average, sell-side analysts forecast that Kirkland’s will post 0.55 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Alambic Investment Management L.P. raised its holdings in shares of Kirkland’s by 229.6% during the 2nd quarter. Alambic Investment Management L.P. now owns 92,961 shares of the specialty retailer’s stock valued at $1,082,000 after purchasing an additional 64,761 shares in the last quarter. Foundry Partners LLC raised its holdings in Kirkland’s by 26.6% in the 3rd quarter. Foundry Partners LLC now owns 555,745 shares of the specialty retailer’s stock worth $5,607,000 after acquiring an additional 116,790 shares during the period. Algert Global LLC bought a new position in Kirkland’s in the 2nd quarter worth $1,324,000. Renaissance Technologies LLC raised its holdings in Kirkland’s by 38.7% in the 2nd quarter. Renaissance Technologies LLC now owns 744,000 shares of the specialty retailer’s stock worth $8,660,000 after acquiring an additional 207,700 shares during the period. Finally, Putnam Investments LLC bought a new position in Kirkland’s in the 2nd quarter worth $897,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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