Kirkland’s Inc. (KIRK) Sees Strong Trading Volume
Kirkland’s Inc. (NASDAQ:KIRK) saw an uptick in trading volume on Friday . 132,285 shares were traded during mid-day 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.
KIRK has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Kirkland’s from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. B. Riley restated a “buy” rating and set a $21.00 price objective on shares of Kirkland’s in a research report on Saturday, May 28th. Piper Jaffray Cos. restated a “buy” rating on shares of Kirkland’s in a research report on Thursday, May 26th. Finally, SunTrust Banks Inc. cut their price objective on shares of Kirkland’s from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.00.
The firm has a 50-day moving average price of $14.92 and a 200-day moving average price of $14.66. The company has a market cap of $240.59 million and a price-to-earnings ratio of 17.44.
Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Tuesday, May 24th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $129.90 million for the quarter, compared to analyst estimates of $132.32 million. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. Equities analysts predict that Kirkland’s Inc. will post $1.01 earnings per share for the current year.
In other news, 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 transaction of $75,000.00. Following the completion of the sale, the director now owns 22,047 shares of the company’s stock, valued at $330,705. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $63,838.62. Following the sale, the director now directly owns 27,047 shares of the company’s stock, valued at approximately $404,082.18. The disclosure for this sale can be found here.
A number of institutional investors have added to or reduced their stakes in KIRK. Paradigm Capital Management Inc. NY increased its position 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 worth $16,359,000 after buying an additional 196,200 shares in the last quarter. Royce & Associates LLC increased its position 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 position 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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