Kirkland’s Inc. (KIRK) Sees Unusually-High Trading Volume
Shares of Kirkland’s Inc. (NASDAQ:KIRK) saw unusually-high trading volume on Thursday . Approximately 126,948 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 90,046 shares.The stock last traded at $14.78 and had previously closed at $14.46.
KIRK has been the topic of a number of recent research reports. Piper Jaffray Cos. raised their target price on Kirkland’s from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, May 25th. Zacks Investment Research upgraded Kirkland’s from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. SunTrust Banks Inc. dropped their target price on Kirkland’s from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 19th. Finally, B. Riley restated a “buy” rating and issued a $21.00 target price on shares of Kirkland’s in a report on Saturday, May 28th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Kirkland’s has an average rating of “Buy” and a consensus price target of $23.00.
The stock has a 50 day moving average price of $15.13 and a 200-day moving average price of $14.96. The stock has a market capitalization of $233.17 million and a price-to-earnings ratio of 16.90.
Kirkland’s (NASDAQ:KIRK) last posted its 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 business earned $129.90 million during the quarter, compared to analysts’ expectations of $132.32 million. During the same quarter last year, the business earned $0.16 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Kirkland’s Inc. will post $0.99 EPS for the current fiscal year.
In other Kirkland’s news, Director Wilson R. Orr III sold 5,000 shares of the company’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 owns 22,047 shares in the company, valued at approximately $330,705. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Wilson R. Orr III sold 4,273 shares of the company’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 value of $63,838.62. Following the transaction, the director now owns 27,047 shares in the company, valued at approximately $404,082.18. 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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