Benchmark Reiterates Buy Rating for Kirkland’s (NASDAQ:KIRK)

Kirkland’s (NASDAQ:KIRK)‘s stock had its “buy” rating reiterated by research analysts at Benchmark in a note issued to investors on Thursday, Benzinga reports. They presently have a $7.00 price objective on the specialty retailer’s stock. Benchmark’s price target suggests a potential upside of 345.86% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Kirkland’s from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Craig Hallum cut their price target on Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a research note on Friday, September 6th.

Kirkland’s Trading Up 5.4 %

NASDAQ KIRK opened at $1.57 on Thursday. The firm has a market capitalization of $20.47 million, a PE ratio of -0.82 and a beta of 2.36. The stock’s 50 day moving average is $1.59 and its 200 day moving average is $1.95. Kirkland’s has a twelve month low of $1.39 and a twelve month high of $3.54. The company has a quick ratio of 0.11, a current ratio of 0.88 and a debt-to-equity ratio of 10.88.

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

Institutional Trading of Kirkland’s

Several institutional investors have recently bought and sold shares of the company. PEAK6 Investments LLC purchased a new stake in shares of Kirkland’s during the first quarter valued at approximately $564,000. Dupree Financial Group LLC purchased a new stake in Kirkland’s during the 1st quarter valued at $175,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Kirkland’s in the 4th quarter worth $42,000. 15.38% of the stock is 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.