49,659 Shares in Kirkland’s Inc. (KIRK) Acquired by Emerald Acquisition Ltd.
Emerald Acquisition Ltd. purchased a new position in shares of Kirkland’s Inc. (NASDAQ:KIRK) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 49,659 shares of the company’s stock, valued at approximately $729,000. Emerald Acquisition Ltd. owned approximately 0.31% of Kirkland’s as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Quadrant L P CA acquired a new position in shares of Kirkland’s during the second quarter worth about $107,000. Adams Diversified Equity Fund Inc. acquired a new position in shares of Kirkland’s during the second quarter worth about $267,000. A.R.T. Advisors LLC increased its position in shares of Kirkland’s by 0.6% in the first quarter. A.R.T. Advisors LLC now owns 31,101 shares of the company’s stock worth $544,000 after buying an additional 200 shares during the last quarter. Strs Ohio increased its position in shares of Kirkland’s by 8.4% in the second quarter. Strs Ohio now owns 39,900 shares of the company’s stock worth $585,000 after buying an additional 3,100 shares during the last quarter. Finally, Spark Investment Management LLC acquired a new position in shares of Kirkland’s during the first quarter worth about $941,000. 84.20% of the stock is currently owned by hedge funds and other institutional investors.
Kirkland’s Inc. (NASDAQ:KIRK) traded up 0.08% on Friday, hitting $11.97. The stock had a trading volume of 44,860 shares. The company has a 50 day moving average price of $12.44 and a 200-day moving average price of $14.39. The company has a market cap of $190.20 million, a price-to-earnings ratio of 14.56 and a beta of 1.76. Kirkland’s Inc. has a 52-week low of $11.18 and a 52-week high of $24.28.
Kirkland’s (NASDAQ:KIRK) last announced its quarterly 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. Kirkland’s had a net margin of 2.35% and a return on equity of 11.08%. The company earned $123 million during the quarter, compared to analysts’ expectations of $125.54 million. During the same quarter in the prior year, the business posted ($0.11) earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts predict that Kirkland’s Inc. will post $0.73 earnings per share for the current year.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Kirkland’s from a “hold” rating to a “sell” rating in a report on Friday, August 12th. SunTrust Banks Inc. lowered their price target on Kirkland’s from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, August 24th. B. Riley reaffirmed a “buy” rating and set a $15.00 price target on shares of Kirkland’s in a report on Monday, August 29th. Finally, Sidoti downgraded Kirkland’s from a “buy” rating to a “neutral” rating and lowered their target price for the company from $21.00 to $13.00 in a report on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Kirkland’s presently has an average rating of “Buy” and an average target price of $20.14.
In other news, Director Carl Kirkland sold 5,551 shares of Kirkland’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $12.69, for a total value of $70,442.19. Following the transaction, the director now directly owns 860,583 shares in the company, valued at approximately $10,920,798.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is owned by insiders.
Kirkland’s Company Profile
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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