Kirkland’s Inc. (KIRK) Sees Unusually-High Trading Volume
Kirkland’s Inc. (NASDAQ:KIRK) shares saw unusually-strong trading volume on Wednesday . Approximately 229,228 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 178,470 shares.The stock last traded at $12.18 and had previously closed at $12.03.
A number of research analysts recently commented on KIRK shares. Sidoti cut Kirkland’s from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $21.00 to $13.00 in a report on Tuesday. SunTrust Banks Inc. decreased their price objective on Kirkland’s from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday. Zacks Investment Research upgraded Kirkland’s from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Piper Jaffray Cos. reiterated a “buy” rating on shares of Kirkland’s in a report on Thursday, May 26th. Finally, B. Riley reiterated a “buy” rating and issued a $23.00 price objective on shares of Kirkland’s in a report on Monday, May 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Kirkland’s has an average rating of “Buy” and an average price target of $20.14.
The stock’s 50 day moving average price is $14.89 and its 200 day moving average price is $14.99. The stock has a market cap of $197.86 million and a P/E ratio of 15.18.
Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Tuesday, August 23rd. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.01. The business had revenue of $123 million for the quarter, compared to the consensus estimate of $125.54 million. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.11) earnings per share. On average, equities research analysts expect that Kirkland’s Inc. will post $0.73 EPS for the current year.
In other 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 shares were sold at an average price of $14.94, for a total transaction of $63,838.62. Following the completion of the transaction, the director now directly owns 27,047 shares of the company’s stock, valued at approximately $404,082.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 stock was sold at an average price of $15.00, for a total transaction of $75,000.00. Following the transaction, the director now directly owns 22,047 shares of the company’s stock, valued at $330,705. The disclosure for this sale can be found here.
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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