Nationwide Fund Advisors increased its holdings in shares of Kirkland’s, Inc. (NASDAQ:KIRK) by 107.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,398 shares of the specialty retailer’s stock after acquiring an additional 12,094 shares during the period. Nationwide Fund Advisors owned approximately 0.15% of Kirkland’s worth $241,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of KIRK. Ameriprise Financial Inc. lifted its stake in Kirkland’s by 142.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 186,166 shares of the specialty retailer’s stock valued at $1,913,000 after buying an additional 109,492 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Kirkland’s by 10.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,040,984 shares of the specialty retailer’s stock valued at $12,908,000 after buying an additional 102,035 shares in the last quarter. Foundry Partners LLC lifted its stake in Kirkland’s by 18.2% in the 2nd quarter. Foundry Partners LLC now owns 534,020 shares of the specialty retailer’s stock valued at $5,490,000 after buying an additional 82,400 shares in the last quarter. Vanguard Group Inc. lifted its stake in Kirkland’s by 8.8% in the 1st quarter. Vanguard Group Inc. now owns 828,023 shares of the specialty retailer’s stock valued at $10,269,000 after buying an additional 67,228 shares in the last quarter. Finally, First Quadrant L P CA purchased a new position in Kirkland’s in the 2nd quarter valued at about $679,000. Hedge funds and other institutional investors own 86.74% of the company’s stock.
Kirkland’s, Inc. (KIRK) opened at $11.79 on Tuesday. Kirkland’s, Inc. has a 12 month low of $8.17 and a 12 month high of $17.41. The firm has a market cap of $187.36, a P/E ratio of 22.52 and a beta of 1.23.
Kirkland’s (NASDAQ:KIRK) last released its earnings results on Tuesday, August 22nd. The specialty retailer reported ($0.24) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.04. Kirkland’s had a net margin of 1.40% and a return on equity of 6.59%. The business had revenue of $131.68 million for the quarter, compared to analyst estimates of $125.44 million. During the same period last year, the company posted ($0.22) EPS. The business’s revenue was up 7.0% on a year-over-year basis. analysts anticipate that Kirkland’s, Inc. will post 0.56 EPS for the current year.
Kirkland’s declared that its board has authorized a share buyback program on Tuesday, August 22nd that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of brokerages recently weighed in on KIRK. KeyCorp reaffirmed a “buy” rating and issued a $14.00 price target on shares of Kirkland’s in a research note on Friday. Zacks Investment Research lowered shares of Kirkland’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. B. Riley reaffirmed a “buy” rating and issued a $14.50 price target on shares of Kirkland’s in a research note on Monday, August 28th. Finally, Sidoti raised shares of Kirkland’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $10.00 to $12.00 in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $12.50.
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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