According to Zacks, “Shares of Kirkland;s outperforms the Zacks categorized Retail-Wholesale sector for the past one year. However, the trend is expected to reverse very soon. The home furnishing stock has been incurring higher operating expenses for several quarters, due to increased shipping and packaging expenses. The company has been struggling with low traffic in the past five quarters mainly more and more people are inclined towards online buying. In order to match up the trend, he company is also focusing on e-Commerce, but it is still trailing way behind. However, it has taken several initiatives to boost its top line. We also think that its growing e-commerce business should add to top line going forward. The company's effort to reduce inventory levels also bore fruit in the second quarter..”
Separately, B. Riley downgraded shares of Kirkland’s from a buy rating to a neutral rating and set a $18.00 price objective for the company. in a research report on Thursday, December 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $18.20.
Kirkland’s (NASDAQ:KIRK) traded down 1.44% during midday trading on Tuesday, hitting $14.38. 60,366 shares of the stock were exchanged. The firm’s 50-day moving average price is $15.73 and its 200 day moving average price is $14.09. Kirkland’s has a 1-year low of $11.18 and a 1-year high of $18.19. The firm has a market capitalization of $228.63 million, a P/E ratio of 18.18 and a beta of 1.77.
Kirkland’s (NASDAQ:KIRK) last posted its earnings results on Tuesday, November 22nd. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.05. Kirkland’s had a net margin of 2.22% and a return on equity of 10.96%. The company had revenue of $138.20 million for the quarter, compared to analyst estimates of $137.50 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Kirkland’s will post $0.71 earnings per share for the current fiscal year.
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In related news, Director Carl Kirkland sold 40,736 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $15.06, for a total value of $613,484.16. Following the completion of the transaction, the director now directly owns 467,011 shares of the company’s stock, valued at approximately $7,033,185.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KIRK. Rhumbline Advisers increased its position in Kirkland’s by 0.3% in the second quarter. Rhumbline Advisers now owns 20,249 shares of the company’s stock valued at $297,000 after buying an additional 62 shares during the period. Teachers Advisors Inc. increased its position in Kirkland’s by 11.7% in the second quarter. Teachers Advisors Inc. now owns 39,457 shares of the company’s stock valued at $579,000 after buying an additional 4,148 shares during the period. TFS Capital LLC increased its position in Kirkland’s by 112.5% in the second quarter. TFS Capital LLC now owns 64,547 shares of the company’s stock valued at $948,000 after buying an additional 34,177 shares during the period. BlackRock Group LTD increased its position in Kirkland’s by 8.6% in the second quarter. BlackRock Group LTD now owns 14,204 shares of the company’s stock valued at $208,000 after buying an additional 1,120 shares during the period. Finally, BlackRock Inc. increased its position in Kirkland’s by 277.2% in the second quarter. BlackRock Inc. now owns 7,023 shares of the company’s stock valued at $103,000 after buying an additional 5,161 shares during the period. 88.00% of the stock is owned by institutional investors.
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.
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