Kirkland’s Inc. (KIRK) Shares Up 5.7%
Kirkland’s Inc. (NASDAQ:KIRK) shot up 5.7% during mid-day trading on Friday . The company traded as high as $15.07 and last traded at $15.06, with a volume of 85,716 shares. The stock had previously closed at $14.25.
A number of brokerages have recently issued reports on KIRK. SunTrust Banks Inc. dropped their price objective on Kirkland’s from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 19th. B. Riley restated a “buy” rating and issued a $21.00 price target on shares of Kirkland’s in a research note on Saturday, May 28th. Piper Jaffray Cos. increased their price target on Kirkland’s from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, May 25th. Finally, Zacks Investment Research upgraded Kirkland’s from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Kirkland’s currently has an average rating of “Buy” and an average target price of $23.00.
The firm has a 50-day moving average of $14.19 and a 200-day moving average of $14.54. The stock has a market cap of $237.75 million and a PE ratio of 17.23.
Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Tuesday, May 24th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.03. The business earned $129.90 million during the quarter, compared to analysts’ expectations of $132.32 million. During the same period in the previous year, the business earned $0.16 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Kirkland’s Inc. will post $1.01 earnings per share for the current fiscal year.
In other Kirkland’s news, Director Wilson R. Orr III sold 4,273 shares of the firm’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $14.94, for a total value of $63,838.62. Following the completion of the sale, the director now owns 27,047 shares of the company’s stock, valued at $404,082.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wilson R. Orr III sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 24th. The shares were sold at an average price of $15.00, for a total value of $75,000.00. Following the completion of the sale, the director now directly owns 22,047 shares of the company’s stock, valued at approximately $330,705. The disclosure for this sale can be found here.
Other large investors have recently made changes to their positions in the company. Paradigm Capital Management Inc. NY boosted its stake in shares of Kirkland’s by 21.1% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,128,200 shares of the company’s stock worth $16,359,000 after buying an additional 196,200 shares during the period. Royce & Associates LLC boosted its stake in shares of Kirkland’s by 52.3% in the fourth quarter. Royce & Associates LLC now owns 447,437 shares of the company’s stock worth $6,488,000 after buying an additional 153,600 shares during the period. Wells Fargo & Company MN boosted its position in shares of Kirkland’s by 42.6% in the fourth quarter. Wells Fargo & Company MN now owns 125,085 shares of the company’s stock valued at $1,813,000 after buying an additional 37,350 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Kirkland’s by 76.6% in the fourth quarter. Morgan Stanley now owns 97,447 shares of the company’s stock valued at $1,412,000 after buying an additional 42,272 shares during the last quarter.
Kirkland’s, Inc is a retailer of home decor and gifts in the United States. As of January 31, 2015, the Company operated 344 stores in 35 states, as well as an e-commerce enabled Website. The Company’s stores present a line of merchandise, including framed art, mirrors, wall decor, candles and related items, lamps, decorative accessories, accent furniture, textiles, garden-related accessories and artificial floral products.
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