Kirkland’s (NASDAQ:KIRK) Stock Price Down 7.1%

Kirkland’s, Inc. (NASDAQ:KIRK)’s share price fell 7.1% on Tuesday . The company traded as low as $1.43 and last traded at $1.43, 498,009 shares changed hands during trading. An increase of 12% from the average session volume of 444,151 shares. The stock had previously closed at $1.54.

A number of research firms have weighed in on KIRK. Sidoti set a $5.00 price objective on Kirkland’s and gave the stock a “buy” rating in a research report on Friday, August 30th. ValuEngine raised Kirkland’s from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. TheStreet cut Kirkland’s from a “c” rating to a “d” rating in a research report on Thursday, June 6th. Finally, B. Riley decreased their price objective on Kirkland’s from $1.80 to $1.40 and set a “neutral” rating for the company in a research report on Friday, September 6th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Kirkland’s has an average rating of “Buy” and an average price target of $6.13.

The business has a 50-day simple moving average of $1.37 and a two-hundred day simple moving average of $3.50. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.17 and a current ratio of 0.95. The company has a market capitalization of $20.70 million, a price-to-earnings ratio of 3.76 and a beta of 0.74.

Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings results on Thursday, September 5th. The specialty retailer reported ($1.05) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.38). The business had revenue of $119.90 million during the quarter, compared to analyst estimates of $124.83 million. Kirkland’s had a negative net margin of 2.36% and a negative return on equity of 8.67%. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.40) earnings per share. Research analysts predict that Kirkland’s, Inc. will post -1.46 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Kirkland’s by 101.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 97,780 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 49,310 shares during the period. Adams Asset Advisors LLC lifted its holdings in shares of Kirkland’s by 30.2% in the 2nd quarter. Adams Asset Advisors LLC now owns 146,274 shares of the specialty retailer’s stock valued at $330,000 after buying an additional 33,898 shares during the period. Paradigm Capital Management Inc. NY lifted its holdings in shares of Kirkland’s by 27.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,368,100 shares of the specialty retailer’s stock valued at $3,092,000 after buying an additional 295,300 shares during the period. Foundry Partners LLC lifted its holdings in shares of Kirkland’s by 13.1% in the 2nd quarter. Foundry Partners LLC now owns 606,470 shares of the specialty retailer’s stock valued at $1,371,000 after buying an additional 70,375 shares during the period. Finally, 6 Meridian lifted its holdings in shares of Kirkland’s by 12.1% in the 2nd quarter. 6 Meridian now owns 72,691 shares of the specialty retailer’s stock valued at $164,000 after buying an additional 7,845 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

About Kirkland’s (NASDAQ:KIRK)

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, furniture, art, fragrance and accessories, ornamental wall décor, decorative accessories, mirrors, lamps, textiles, artificial floral products, gifts, housewares, outdoor living items, frames, and clocks.

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