Brokerages expect that Kirkland’s, Inc. (NASDAQ:KIRK) will post $138.96 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kirkland’s’ earnings. The highest sales estimate is $139.62 million and the lowest is $138.30 million. Kirkland’s posted sales of $131.68 million during the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The company is expected to issue its next earnings results on Tuesday, August 28th.
According to Zacks, analysts expect that Kirkland’s will report full-year sales of $654.53 million for the current fiscal year, with estimates ranging from $654.20 million to $654.86 million. For the next year, analysts anticipate that the firm will report sales of $667.71 million per share, with estimates ranging from $661.63 million to $673.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings data on Thursday, May 31st. The specialty retailer reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. Kirkland’s had a net margin of 0.91% and a return on equity of 5.57%. The firm had revenue of $142.50 million for the quarter, compared to the consensus estimate of $140.33 million. During the same period in the previous year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis.
KIRK has been the topic of several research reports. B. Riley initiated coverage on shares of Kirkland’s in a research note on Monday, March 19th. They issued a “buy” rating and a $14.00 price target on the stock. ValuEngine upgraded shares of Kirkland’s from a “hold” rating to a “buy” rating in a research note on Thursday, May 24th. Zacks Investment Research downgraded shares of Kirkland’s from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Finally, KeyCorp upped their price target on shares of Kirkland’s from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, June 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $12.38.
Hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans acquired a new position in shares of Kirkland’s in the first quarter valued at about $101,000. Engineers Gate Manager LP bought a new stake in Kirkland’s during the first quarter worth about $210,000. A.R.T. Advisors LLC bought a new stake in Kirkland’s during the first quarter worth about $225,000. Alambic Investment Management L.P. bought a new stake in Kirkland’s during the first quarter worth about $273,000. Finally, Wells Fargo & Company MN lifted its position in Kirkland’s by 36.8% during the fourth quarter. Wells Fargo & Company MN now owns 23,360 shares of the specialty retailer’s stock worth $279,000 after purchasing an additional 6,279 shares during the period. Institutional investors and hedge funds own 93.07% of the company’s stock.
Shares of Kirkland’s traded down $0.16, hitting $11.64, on Wednesday, Marketbeat reports. The company had a trading volume of 125,700 shares, compared to its average volume of 193,077. Kirkland’s has a 1-year low of $8.17 and a 1-year high of $13.48. The company has a market cap of $185.09 million, a P/E ratio of 30.63 and a beta of 1.08.
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, framed arts, furniture, ornamental wall décor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items.
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