Equities analysts predict that Kirkland’s, Inc. (NASDAQ:KIRK) will report ($0.14) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Kirkland’s’ earnings. Kirkland’s posted earnings of ($0.10) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 40%. The firm is expected to report its next earnings report on Tuesday, November 20th.
According to Zacks, analysts expect that Kirkland’s will report full-year earnings of $0.52 per share for the current year. For the next year, analysts forecast that the company will post earnings of $0.58 per share, with EPS estimates ranging from $0.56 to $0.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings data on Thursday, August 30th. The specialty retailer reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.04). The business had revenue of $133.90 million during the quarter, compared to analyst estimates of $136.55 million. Kirkland’s had a return on equity of 3.61% and a net margin of 0.45%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) EPS.
A number of analysts have recently weighed in on KIRK shares. ValuEngine raised Kirkland’s from a “hold” rating to a “buy” rating in a research report on Thursday, May 24th. B. Riley set a $14.00 price objective on Kirkland’s and gave the stock a “buy” rating in a research report on Wednesday, May 30th. KeyCorp raised their price objective on Kirkland’s from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research cut Kirkland’s from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th.
A number of institutional investors and hedge funds have recently modified their holdings of KIRK. Wells Fargo & Company MN increased its position in shares of Kirkland’s by 36.8% during the 4th quarter. Wells Fargo & Company MN now owns 23,360 shares of the specialty retailer’s stock valued at $279,000 after purchasing an additional 6,279 shares during the last quarter. Mackay Shields LLC purchased a new stake in Kirkland’s in the 1st quarter worth about $1,374,000. Trexquant Investment LP purchased a new stake in Kirkland’s in the 1st quarter worth about $722,000. Engineers Gate Manager LP purchased a new stake in Kirkland’s in the 1st quarter worth about $210,000. Finally, Thrivent Financial for Lutherans purchased a new stake in Kirkland’s in the 1st quarter worth about $101,000. 97.41% of the stock is owned by institutional investors.
Shares of Kirkland’s stock traded up $0.16 during trading on Friday, reaching $9.20. The company’s stock had a trading volume of 6,803 shares, compared to its average volume of 219,145. The stock has a market capitalization of $141.80 million, a price-to-earnings ratio of 24.37 and a beta of 1.21. Kirkland’s has a 1-year low of $8.55 and a 1-year high of $13.48.
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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