Kirkland’s, Inc. (KIRK) Expected to Post Quarterly Sales of $153.18 Million

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Equities research analysts forecast that Kirkland’s, Inc. (NASDAQ:KIRK) will report $153.18 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Kirkland’s’ earnings, with the highest sales estimate coming in at $154.16 million and the lowest estimate coming in at $152.20 million. Kirkland’s reported sales of $144.98 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The firm is scheduled to announce its next earnings report on Tuesday, November 20th.

According to Zacks, analysts expect that Kirkland’s will report full year sales of $652.14 million for the current fiscal year, with estimates ranging from $649.80 million to $654.49 million. For the next financial year, analysts expect that the business will post sales of $667.29 million per share, with estimates ranging from $665.28 million to $669.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Kirkland’s.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Thursday, August 30th. The specialty retailer reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.04). The firm had revenue of $133.90 million during the quarter, compared to analyst estimates of $136.55 million. Kirkland’s had a net margin of 0.45% and a return on equity of 3.61%. Kirkland’s’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share.

KIRK has been the subject of several analyst reports. B. Riley set a $14.00 target price on shares of Kirkland’s and gave the company a “buy” rating in a research report on Wednesday, May 30th. ValuEngine upgraded shares of Kirkland’s from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th. Zacks Investment Research cut shares of Kirkland’s from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Finally, KeyCorp boosted their target price on shares of Kirkland’s from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, June 1st.

Shares of NASDAQ:KIRK opened at $9.35 on Friday. The company has a market capitalization of $143.79 million, a PE ratio of 24.61 and a beta of 1.21. Kirkland’s has a 12 month low of $8.55 and a 12 month high of $13.48.

Several large investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. increased its position in Kirkland’s by 10.5% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 56,733 shares of the specialty retailer’s stock worth $660,000 after purchasing an additional 5,380 shares in the last quarter. Mackay Shields LLC increased its position in Kirkland’s by 3.9% during the 2nd quarter. Mackay Shields LLC now owns 147,412 shares of the specialty retailer’s stock worth $1,716,000 after purchasing an additional 5,600 shares in the last quarter. OppenheimerFunds Inc. increased its position in Kirkland’s by 23.8% during the 1st quarter. OppenheimerFunds Inc. now owns 39,571 shares of the specialty retailer’s stock worth $383,000 after purchasing an additional 7,620 shares in the last quarter. Advisors Preferred LLC increased its position in Kirkland’s by 718.5% during the 2nd quarter. Advisors Preferred LLC now owns 10,510 shares of the specialty retailer’s stock worth $122,000 after purchasing an additional 9,226 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in Kirkland’s during the 1st quarter worth approximately $101,000. Institutional investors own 97.41% of the company’s stock.

About Kirkland’s

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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Earnings History and Estimates for Kirkland`s (NASDAQ:KIRK)

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