Wall Street analysts expect that Kirkland’s, Inc. (NASDAQ:KIRK) will announce $221.83 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kirkland’s’ earnings, with the lowest sales estimate coming in at $221.26 million and the highest estimate coming in at $222.40 million. Kirkland’s posted sales of $224.61 million during the same quarter last year, which suggests a negative year-over-year growth rate of 1.2%. The company is scheduled to report its next quarterly earnings results on Friday, March 15th.
According to Zacks, analysts expect that Kirkland’s will report full-year sales of $652.75 million for the current financial year, with estimates ranging from $652.19 million to $653.30 million. For the next year, analysts forecast that the business will report sales of $671.29 million, with estimates ranging from $663.17 million to $679.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last released its earnings results on Thursday, November 29th. The specialty retailer reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.03. Kirkland’s had a net margin of 0.38% and a return on equity of 3.32%. The business had revenue of $154.60 million during the quarter, compared to analysts’ expectations of $152.93 million. During the same period last year, the business earned ($0.15) earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Kirkland’s by 1.0% during the third quarter. BlackRock Inc. now owns 2,365,235 shares of the specialty retailer’s stock worth $23,866,000 after purchasing an additional 23,664 shares during the period. Divisar Capital Management LLC lifted its holdings in shares of Kirkland’s by 33.2% during the third quarter. Divisar Capital Management LLC now owns 1,176,356 shares of the specialty retailer’s stock worth $11,869,000 after buying an additional 293,109 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Kirkland’s by 2.3% during the third quarter. Vanguard Group Inc now owns 991,439 shares of the specialty retailer’s stock worth $10,003,000 after buying an additional 21,866 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Kirkland’s by 2.3% during the third quarter. Vanguard Group Inc. now owns 991,439 shares of the specialty retailer’s stock worth $10,003,000 after buying an additional 21,866 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Kirkland’s by 38.7% during the second quarter. Renaissance Technologies LLC now owns 744,000 shares of the specialty retailer’s stock worth $8,660,000 after buying an additional 207,700 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:KIRK traded up $0.29 during midday trading on Wednesday, hitting $10.01. The stock had a trading volume of 175,086 shares, compared to its average volume of 139,550. Kirkland’s has a 12 month low of $6.78 and a 12 month high of $13.48. The stock has a market capitalization of $152.59 million, a PE ratio of 26.34 and a beta of 1.03.
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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