First Quadrant L P CA Acquires New Stake in Kirkland’s, Inc. (NASDAQ:KIRK)

First Quadrant L P CA bought a new position in shares of Kirkland’s, Inc. (NASDAQ:KIRK) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 66,080 shares of the specialty retailer’s stock, valued at approximately $679,000. First Quadrant L P CA owned 0.42% of Kirkland’s as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in KIRK. Comerica Bank increased its stake in Kirkland’s by 6.4% in the fourth quarter. Comerica Bank now owns 15,448 shares of the specialty retailer’s stock worth $218,000 after buying an additional 932 shares during the last quarter. State Street Corp increased its stake in Kirkland’s by 7.3% in the fourth quarter. State Street Corp now owns 344,056 shares of the specialty retailer’s stock worth $5,336,000 after buying an additional 23,412 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Kirkland’s by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 938,949 shares of the specialty retailer’s stock worth $14,563,000 after buying an additional 20,259 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Kirkland’s by 835.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,674 shares of the specialty retailer’s stock worth $181,000 after buying an additional 10,426 shares during the last quarter. Finally, Foundry Partners LLC increased its stake in Kirkland’s by 28.1% in the first quarter. Foundry Partners LLC now owns 451,620 shares of the specialty retailer’s stock worth $5,600,000 after buying an additional 99,075 shares during the last quarter. Hedge funds and other institutional investors own 85.59% of the company’s stock.

Kirkland’s, Inc. (NASDAQ:KIRK) opened at 8.88 on Thursday. The firm’s 50-day moving average is $9.61 and its 200-day moving average is $10.78. The firm has a market capitalization of $141.33 million, a PE ratio of 16.66 and a beta of 1.25. Kirkland’s, Inc. has a 12 month low of $8.51 and a 12 month high of $17.41.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Tuesday, May 23rd. The specialty retailer reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $132.80 million during the quarter, compared to analyst estimates of $134.32 million. Kirkland’s had a net margin of 1.46% and a return on equity of 6.90%. Kirkland’s’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. On average, equities research analysts expect that Kirkland’s, Inc. will post $0.55 EPS for the current year.

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Separately, B. Riley restated a “buy” rating and issued a $13.50 target price on shares of Kirkland’s in a report on Wednesday, May 24th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Kirkland’s presently has an average rating of “Buy” and a consensus target price of $14.17.

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.

Institutional Ownership by Quarter for Kirkland`s (NASDAQ:KIRK)

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