Signia Capital Management LLC Takes Position in Kirkland’s, Inc. (KIRK)

Signia Capital Management LLC purchased a new position in shares of Kirkland’s, Inc. (NASDAQ:KIRK) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 417,365 shares of the specialty retailer’s stock, valued at approximately $4,211,000. Kirkland’s accounts for approximately 3.8% of Signia Capital Management LLC’s investment portfolio, making the stock its 13th largest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Kirkland’s by 1.0% during the 3rd quarter. BlackRock Inc. now owns 2,365,235 shares of the specialty retailer’s stock worth $23,866,000 after buying an additional 23,664 shares in the last quarter. Stone Ridge Asset Management LLC grew its stake in shares of Kirkland’s by 20.9% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 60,297 shares of the specialty retailer’s stock worth $608,000 after purchasing an additional 10,433 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Kirkland’s by 60.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 82,583 shares of the specialty retailer’s stock worth $833,000 after purchasing an additional 31,204 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of Kirkland’s in the 3rd quarter worth approximately $240,000. Finally, Foundry Partners LLC grew its stake in shares of Kirkland’s by 26.6% in the 3rd quarter. Foundry Partners LLC now owns 555,745 shares of the specialty retailer’s stock worth $5,607,000 after purchasing an additional 116,790 shares during the last quarter. 98.73% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on KIRK. Zacks Investment Research raised shares of Kirkland’s from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday, July 31st. ValuEngine cut shares of Kirkland’s from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, B. Riley set a $15.00 price objective on shares of Kirkland’s and gave the stock a “buy” rating in a research note on Tuesday, August 28th.

Shares of KIRK opened at $8.98 on Friday. The company has a market capitalization of $141.59 million, a PE ratio of 24.13 and a beta of 1.13. Kirkland’s, Inc. has a 12-month low of $8.55 and a 12-month high of $13.48.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Thursday, August 30th. The specialty retailer reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.24) EPS. Research analysts expect that Kirkland’s, Inc. will post 0.52 earnings per share for the current fiscal year.

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About Kirkland’s

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.

Further Reading: Understanding Market Liquidity

Want to see what other hedge funds are holding KIRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kirkland’s, Inc. (NASDAQ:KIRK).

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

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