TIAA CREF Investment Management LLC grew its holdings in Kirkland’s, Inc. (NASDAQ:KIRK) by 17.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,794 shares of the specialty retailer’s stock after acquiring an additional 10,984 shares during the period. TIAA CREF Investment Management LLC owned about 0.46% of Kirkland’s worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Kirkland’s by 1,103.1% in the second quarter. JPMorgan Chase & Co. now owns 9,998 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 9,167 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Kirkland’s by 3.6% in the first quarter. Wells Fargo & Company MN now owns 10,533 shares of the specialty retailer’s stock valued at $131,000 after acquiring an additional 363 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of Kirkland’s by 0.9% in the second quarter. Texas Permanent School Fund now owns 10,687 shares of the specialty retailer’s stock valued at $110,000 after acquiring an additional 97 shares in the last quarter. Cigna Investments Inc. New purchased a new position in shares of Kirkland’s in the second quarter valued at about $138,000. Finally, KCG Holdings Inc. purchased a new position in shares of Kirkland’s in the first quarter valued at about $214,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Shares of Kirkland’s, Inc. (NASDAQ KIRK) opened at $11.79 on Tuesday. The company has a market capitalization of $187.36, a PE ratio of 22.52 and a beta of 1.23. Kirkland’s, Inc. has a 52-week low of $8.17 and a 52-week high of $17.41.

Kirkland’s (NASDAQ:KIRK) last posted its earnings results on Tuesday, August 22nd. The specialty retailer reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.04. The company had revenue of $131.68 million for the quarter, compared to the consensus estimate of $125.44 million. Kirkland’s had a return on equity of 6.59% and a net margin of 1.40%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned ($0.22) earnings per share. analysts expect that Kirkland’s, Inc. will post 0.56 EPS for the current fiscal year.

Kirkland’s announced that its board has approved a share repurchase program on Tuesday, August 22nd that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Several equities analysts have recently commented on the company. B. Riley restated a “buy” rating and issued a $14.50 price objective on shares of Kirkland’s in a research report on Monday, August 28th. Sidoti upgraded Kirkland’s from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $10.00 to $12.00 in a research report on Tuesday, August 22nd. KeyCorp reiterated a “buy” rating and issued a $14.00 target price on shares of Kirkland’s in a research report on Friday. Finally, Zacks Investment Research upgraded Kirkland’s from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $12.50.

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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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Institutional Ownership by Quarter for Kirkland`s (NASDAQ:KIRK)

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