Kirkland’s (KIRK) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $0.70-0.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.84. The company issued revenue guidance of +5-7% rev growth calc to $470.4-479.4 million, compared to the consensus revenue estimate of $478.07 million.

On a related note, analysts at Zacks upgraded shares of Kirkland’s from a neutral rating to an outperform rating in a research note to investors on Thursday, February 21st. They now have a $14.00 price target on the stock.

Two equities research analysts have rated the stock with a buy rating, and two have given a hold rating to the stock. Kirkland’s currently has an average rating of overweight and an average target price of $13.00.

Kirkland’s (KIRK) traded down 0.09% on Thursday, hitting $11.49. Kirkland’s (KIRK) has a 1-year low of $8.26 and a 1-year high of $17.42. The stock’s 50-day moving average is currently $11.48. The company has a market cap of $196.1 million and a price-to-earnings ratio of 14.04.

Kirkland’s last announced its earnings results on Thursday, March 14th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.08. The company had revenue of $162.90 million for the quarter, compared to the consensus estimate of $162.59 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Kirkland’s has set its FY14 guidance at $0.70-0.85 EPS. On average, analysts predict that Kirkland’s (KIRK) will post $0.70 earnings per share for the current fiscal year.

Kirkland’s, Inc. (Kirkland’s) is a specialty retailer of home decor and gifts in the United States. As of January 30, 2010, the Company operated 279 stores in 29 states.

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