Kirkland’s (NASDAQ:KIRK) Price Target Lowered to $2.00 at Craig Hallum

Kirkland’s (NASDAQ:KIRK) had its price objective cut by Craig Hallum from $2.50 to $2.00 in a research note published on Friday morning, Benzinga reports. They currently have a hold rating on the specialty retailer’s stock.

Several other brokerages have also recently issued reports on KIRK. Benchmark restated a buy rating and issued a $7.00 target price on shares of Kirkland’s in a report on Friday, June 7th. StockNews.com lowered shares of Kirkland’s from a hold rating to a sell rating in a research report on Friday, June 7th.

Kirkland’s Trading Down 2.0 %

Shares of NASDAQ:KIRK opened at $1.50 on Friday. The business’s 50 day moving average price is $1.59 and its 200-day moving average price is $1.96. Kirkland’s has a 1 year low of $1.39 and a 1 year high of $3.54. The firm has a market capitalization of $19.67 million, a price-to-earnings ratio of -0.79 and a beta of 2.36. The company has a debt-to-equity ratio of 10.88, a current ratio of 0.88 and a quick ratio of 0.11.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings results on Thursday, September 5th. The specialty retailer reported ($1.11) EPS for the quarter, topping the consensus estimate of ($1.31) by $0.20. Kirkland’s had a negative return on equity of 870.01% and a negative net margin of 4.26%. The firm had revenue of $86.29 million during the quarter.

Institutional Trading of Kirkland’s

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PEAK6 Investments LLC purchased a new stake in Kirkland’s during the first quarter worth approximately $564,000. Quadrature Capital Ltd purchased a new position in shares of Kirkland’s during the fourth quarter worth approximately $42,000. Finally, Dupree Financial Group LLC purchased a new position in shares of Kirkland’s during the first quarter worth approximately $175,000. 15.38% of the stock is currently owned by hedge funds and other institutional investors.

Kirkland’s Company Profile

Kirkland's, Inc operates as a specialty retailer of home décor and furnishings in the United States. Its stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, and gifts.