Wilson R. Orr III Purchases 2,000 Shares of Kirkland’s, Inc. (NASDAQ:KIRK) Stock

Kirkland’s, Inc. (NASDAQ:KIRK) Director Wilson R. Orr III purchased 2,000 shares of Kirkland’s stock in a transaction on Monday, September 21st. The stock was bought at an average cost of $7.95 per share, with a total value of $15,900.00. Following the completion of the acquisition, the director now owns 78,481 shares in the company, valued at $623,923.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of KIRK stock opened at $7.85 on Thursday. Kirkland’s, Inc. has a 52-week low of $0.56 and a 52-week high of $13.58. The stock has a market cap of $111.85 million, a price-to-earnings ratio of -2.49 and a beta of 1.88. The firm has a fifty day moving average of $7.98 and a 200-day moving average of $3.28.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Thursday, September 3rd. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.88) by $0.90. Kirkland’s had a negative net margin of 7.91% and a negative return on equity of 24.39%.

Separately, ValuEngine cut shares of Kirkland’s from a “buy” rating to a “hold” rating in a research note on Friday, July 10th.

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Kirkland’s in the 2nd quarter valued at $59,000. Sunbelt Securities Inc. increased its position in shares of Kirkland’s by 1,100.0% during the 1st quarter. Sunbelt Securities Inc. now owns 26,400 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 24,200 shares in the last quarter. Jefferies Group LLC acquired a new stake in shares of Kirkland’s during the 2nd quarter worth about $77,000. UBS Group AG increased its position in shares of Kirkland’s by 220.2% during the 1st quarter. UBS Group AG now owns 55,242 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 37,987 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new stake in shares of Kirkland’s during the 2nd quarter worth about $271,000. Institutional investors own 40.23% of the company’s stock.

Kirkland’s Company Profile

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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