California State Teachers Retirement System Lowers Position in Kirkland’s Inc. (KIRK)
California State Teachers Retirement System reduced its stake in shares of Kirkland’s Inc. (NASDAQ:KIRK) by 16.4% during the second quarter, Holdings Channel reports. The institutional investor owned 30,935 shares of the company’s stock after selling 6,078 shares during the period. California State Teachers Retirement System owned approximately 0.20% of Kirkland’s worth $454,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Quadrant L P CA bought a new position in Kirkland’s during the second quarter valued at about $107,000. Acrospire Investment Management LLC bought a new position in Kirkland’s during the first quarter valued at about $131,000. Mesirow Financial Investment Management US Value Equity bought a new position in Kirkland’s during the first quarter valued at about $238,000. Adams Diversified Equity Fund Inc. bought a new position in Kirkland’s during the second quarter valued at about $267,000. Finally, A.R.T. Advisors LLC boosted its position in Kirkland’s by 0.6% in the first quarter. A.R.T. Advisors LLC now owns 31,101 shares of the company’s stock valued at $544,000 after buying an additional 200 shares in the last quarter. 84.20% of the stock is currently owned by institutional investors.
Kirkland’s Inc. (NASDAQ:KIRK) traded down 1.32% during trading on Tuesday, hitting $12.00. 17,243 shares of the stock traded hands. Kirkland’s Inc. has a one year low of $11.18 and a one year high of $24.36. The company’s 50 day moving average is $12.53 and its 200 day moving average is $14.48. The company has a market capitalization of $190.68 million, a P/E ratio of 14.60 and a beta of 1.76.
Kirkland’s (NASDAQ:KIRK) last posted its earnings results on Tuesday, August 23rd. The company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.01. The firm earned $123 million during the quarter, compared to analyst estimates of $125.54 million. Kirkland’s had a return on equity of 11.08% and a net margin of 2.35%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) earnings per share. On average, equities analysts forecast that Kirkland’s Inc. will post $0.73 EPS for the current fiscal year.
Several equities analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and set a $15.00 price objective on shares of Kirkland’s in a research report on Monday, August 29th. SunTrust Banks Inc. lowered their price objective on shares of Kirkland’s from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, August 24th. Sidoti cut shares of Kirkland’s from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $21.00 to $13.00 in a research report on Tuesday, August 23rd. Finally, Zacks Investment Research cut shares of Kirkland’s from a “hold” rating to a “sell” rating in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $20.14.
In other Kirkland’s news, Director Carl Kirkland sold 12,494 shares of the stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $12.53, for a total value of $156,549.82. Following the sale, the director now directly owns 803,877 shares in the company, valued at $10,072,578.81. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 10.50% of the stock is currently owned by company insiders.
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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