Kirkland’s (NASDAQ:KIRK) Shares Pass Above 200-Day Moving Average of $0.00

Kirkland’s, Inc. (NASDAQ:KIRK)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $1.39. Kirkland’s shares last traded at $1.37, with a volume of 111,613 shares traded.

A number of research analysts have weighed in on the stock. Sidoti set a $9.00 target price on shares of Kirkland’s and gave the stock a “buy” rating in a research report on Friday, May 24th. ValuEngine raised shares of Kirkland’s from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. B. Riley set a $2.00 target price on shares of Kirkland’s and gave the stock a “hold” rating in a research report on Friday, June 7th. Finally, TheStreet lowered shares of Kirkland’s from a “c” rating to a “d” rating in a research report on Thursday, June 6th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $7.67.

The stock has a market capitalization of $19.41 million, a PE ratio of 3.47 and a beta of 0.68. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 1.91. The stock has a 50-day simple moving average of $1.83.



Kirkland’s (NASDAQ:KIRK) last released its earnings results on Thursday, June 6th. The specialty retailer reported ($0.53) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.17). The firm had revenue of $129.60 million for the quarter, compared to analyst estimates of $132.37 million. Kirkland’s had a negative return on equity of 1.45% and a negative net margin of 0.67%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) EPS. On average, research analysts anticipate that Kirkland’s, Inc. will post -0.44 EPS for the current year.

In related news, Director Charles Pleas III acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average price of $2.39 per share, with a total value of $239,000.00. Following the completion of the transaction, the director now owns 112,000 shares of the company’s stock, valued at $267,680. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven C. Woodward acquired 42,918 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were bought at an average cost of $2.36 per share, with a total value of $101,286.48. Following the transaction, the chief executive officer now directly owns 167,954 shares of the company’s stock, valued at approximately $396,371.44. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in KIRK. Texas Permanent School Fund bought a new stake in Kirkland’s in the first quarter valued at about $71,000. Alambic Investment Management L.P. bought a new stake in Kirkland’s in the first quarter valued at about $76,000. Laurion Capital Management LP bought a new stake in Kirkland’s in the first quarter valued at about $106,000. O Shaughnessy Asset Management LLC increased its stake in Kirkland’s by 311.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,591 shares of the specialty retailer’s stock valued at $117,000 after acquiring an additional 12,556 shares during the period. Finally, Bank of America Corp DE increased its stake in Kirkland’s by 151.8% in the fourth quarter. Bank of America Corp DE now owns 17,773 shares of the specialty retailer’s stock valued at $170,000 after acquiring an additional 10,716 shares during the period. 99.59% of the stock is owned by institutional investors and hedge funds.

About Kirkland’s (NASDAQ:KIRK)

Kirkland's, Inc operates as a specialty retailer of home décor in the United States. The company's stores provide various merchandise, including holiday décor, furniture, art, fragrance and accessories, ornamental wall décor, decorative accessories, mirrors, lamps, textiles, artificial floral products, gifts, housewares, outdoor living items, frames, and clocks.

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