Kirkland’s, Inc. (NASDAQ:KIRK) – B. Riley reduced their Q1 2020 earnings per share (EPS) estimates for Kirkland’s in a research note issued on Monday, March 18th. B. Riley analyst J. Van. Sinderen now forecasts that the specialty retailer will post earnings of ($0.33) per share for the quarter, down from their prior estimate of ($0.08). B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Kirkland’s’ Q2 2020 earnings at ($0.48) EPS, Q3 2020 earnings at ($0.05) EPS, Q4 2020 earnings at $1.06 EPS, FY2020 earnings at $0.15 EPS and FY2021 earnings at $0.22 EPS.
Kirkland’s (NASDAQ:KIRK) last released its earnings results on Friday, March 15th. The specialty retailer reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). Kirkland’s had a return on equity of 4.37% and a net margin of 0.58%. The company had revenue of $216.10 million during the quarter, compared to analysts’ expectations of $222.68 million. During the same period last year, the firm posted $0.79 EPS. Kirkland’s’s quarterly revenue was down 3.8% compared to the same quarter last year.
KIRK stock opened at $7.41 on Wednesday. Kirkland’s has a one year low of $6.78 and a one year high of $13.48. The firm has a market capitalization of $117.38 million, a PE ratio of 19.50 and a beta of 1.02.
Institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC purchased a new stake in Kirkland’s during the fourth quarter valued at $38,000. Oregon Public Employees Retirement Fund purchased a new stake in Kirkland’s during the fourth quarter valued at $54,000. Brandywine Global Investment Management LLC purchased a new stake in Kirkland’s during the fourth quarter valued at $79,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Kirkland’s during the fourth quarter valued at $123,000. Finally, Bank of America Corp DE raised its stake in Kirkland’s by 151.8% during the fourth quarter. Bank of America Corp DE now owns 17,773 shares of the specialty retailer’s stock valued at $170,000 after purchasing an additional 10,716 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors.
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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