Bank of New York Mellon Corp Has $2.76 Million Holdings in Kirkland’s Home (KIRK)

Bank of New York Mellon Corp raised its position in shares of Kirkland’s Home (NASDAQ:KIRK) by 22.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 230,590 shares of the specialty retailer’s stock after buying an additional 41,542 shares during the period. Bank of New York Mellon Corp’s holdings in Kirkland’s Home were worth $2,759,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Kirkland’s Home by 9.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,317,969 shares of the specialty retailer’s stock worth $15,064,000 after purchasing an additional 115,385 shares during the period. California Public Employees Retirement System grew its stake in shares of Kirkland’s Home by 7.4% in the fourth quarter. California Public Employees Retirement System now owns 155,286 shares of the specialty retailer’s stock worth $1,858,000 after acquiring an additional 10,723 shares during the period. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Kirkland’s Home by 32.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 147,012 shares of the specialty retailer’s stock worth $1,680,000 after acquiring an additional 35,700 shares during the period. Victory Capital Management Inc. grew its stake in shares of Kirkland’s Home by 34.8% in the fourth quarter. Victory Capital Management Inc. now owns 118,509 shares of the specialty retailer’s stock worth $1,418,000 after acquiring an additional 30,568 shares during the period. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Kirkland’s Home in the fourth quarter worth approximately $1,301,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Shares of KIRK stock opened at $10.25 on Friday. Kirkland’s Home has a 52 week low of $8.17 and a 52 week high of $13.42. The company has a market capitalization of $160.23, a PE ratio of 26.97 and a beta of 1.11.



Kirkland’s Home (NASDAQ:KIRK) last announced its quarterly earnings results on Friday, March 16th. The specialty retailer reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.01). Kirkland’s Home had a return on equity of 4.59% and a net margin of 0.84%. The company had revenue of $224.61 million during the quarter, compared to the consensus estimate of $223.59 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. research analysts anticipate that Kirkland’s Home will post 0.49 EPS for the current fiscal year.

A number of analysts have recently commented on the stock. B. Riley assumed coverage on shares of Kirkland’s Home in a research note on Monday, March 19th. They issued a “buy” rating and a $14.00 price target for the company. ValuEngine upgraded shares of Kirkland’s Home from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Zacks Investment Research lowered shares of Kirkland’s Home from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, KeyCorp reiterated a “buy” rating on shares of Kirkland’s Home in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Kirkland’s Home currently has an average rating of “Buy” and a consensus price target of $12.38.

In related news, insider W Michael Madden sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $10.05, for a total value of $150,750.00. Following the transaction, the insider now owns 127,510 shares of the company’s stock, valued at $1,281,475.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.80% of the company’s stock.

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About Kirkland’s Home

Kirkland's, Inc operates as a specialty retailer of home décor and gifts in the United States. The company's stores provide various merchandise, including framed arts, mirrors, wall décors, candles and related items, lamps, decorative accessories, accent furniture, textiles, garden-related accessories, and artificial floral products.

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

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