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.
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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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