Kirkland’s Inc. (KIRK) Sees Large Volume Increase
Shares of Kirkland’s Inc. (NASDAQ:KIRK) saw an uptick in trading volume on Friday . 132,285 shares traded hands during trading, an increase of 66% from the previous session’s volume of 79,483 shares.The stock last traded at $15.16 and had previously closed at $15.19.
Several brokerages recently issued reports on KIRK. B. Riley reaffirmed a “buy” rating and set a $21.00 price target on shares of Kirkland’s in a report on Saturday, May 28th. Piper Jaffray Cos. boosted their target price on shares of Kirkland’s from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, May 25th. Zacks Investment Research upgraded shares of Kirkland’s from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, SunTrust Banks Inc. dropped their price target on shares of Kirkland’s from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $23.00.
The firm’s 50-day moving average is $14.92 and its 200-day moving average is $14.66. The company has a market capitalization of $240.59 million and a P/E ratio of 17.44.
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 consensus estimate of $0.09 by $0.03. The business earned $129.90 million during the quarter, compared to analyst estimates of $132.32 million. During the same period in the prior year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts forecast that Kirkland’s Inc. will post $1.01 EPS for the current year.
In related news, Director Wilson R. Orr III sold 5,000 shares of Kirkland’s stock in a transaction dated Friday, June 24th. The stock was 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 in the company, valued at approximately $330,705. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wilson R. Orr III sold 4,273 shares of Kirkland’s stock in a transaction dated 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 disclosure for this sale can be found here.
A number of large investors have added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY increased its stake in 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 valued at $16,359,000 after buying an additional 196,200 shares during the last quarter. Royce & Associates LLC increased its stake in 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 in the last quarter. Finally, Morgan Stanley increased its stake in Kirkland’s by 76.6% in the fourth quarter. Morgan Stanley now owns 97,447 shares of the company’s stock worth $1,412,000 after buying an additional 42,272 shares in 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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