Kirkland’s (KIRK) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Kirkland’s (NASDAQ:KIRK) issued its earnings results on Thursday. The specialty retailer reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03, MarketWatch Earnings reports. The company had revenue of $154.60 million for the quarter, compared to analyst estimates of $152.93 million. Kirkland’s had a net margin of 0.38% and a return on equity of 3.32%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.15) EPS. Kirkland’s updated its FY 2018 guidance to $0.50-0.06 EPS and its FY19 guidance to $0.50-0.60 EPS.

Shares of NASDAQ KIRK opened at $10.85 on Friday. The stock has a market capitalization of $158.20 million, a PE ratio of 28.55 and a beta of 1.13. Kirkland’s has a 1 year low of $6.78 and a 1 year high of $13.48.

Several brokerages have recently issued reports on KIRK. B. Riley set a $15.00 target price on shares of Kirkland’s and gave the company a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research reaffirmed a “hold” rating on shares of Kirkland’s in a research note on Tuesday, November 13th. Finally, ValuEngine raised shares of Kirkland’s from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Kirkland’s by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 991,439 shares of the specialty retailer’s stock valued at $10,003,000 after purchasing an additional 21,866 shares during the last quarter. Putnam Investments LLC boosted its stake in Kirkland’s by 83.1% during the 3rd quarter. Putnam Investments LLC now owns 141,160 shares of the specialty retailer’s stock worth $1,424,000 after acquiring an additional 64,060 shares during the last quarter. Divisar Capital Management LLC boosted its stake in Kirkland’s by 33.2% during the 3rd quarter. Divisar Capital Management LLC now owns 1,176,356 shares of the specialty retailer’s stock worth $11,869,000 after acquiring an additional 293,109 shares during the last quarter. Royce & Associates LP boosted its stake in Kirkland’s by 10.0% during the 3rd quarter. Royce & Associates LP now owns 450,700 shares of the specialty retailer’s stock worth $4,548,000 after acquiring an additional 41,000 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in Kirkland’s by 13.6% during the 3rd quarter. Ancora Advisors LLC now owns 72,817 shares of the specialty retailer’s stock worth $735,000 after acquiring an additional 8,717 shares during the last quarter. 98.73% of the stock is currently owned by institutional investors.

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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.

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Earnings History for Kirkland`s (NASDAQ:KIRK)

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