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Kirkland’s (NASDAQ:KIRK) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday. The firm currently has a $18.00 price target on the stock. Zacks‘s price objective indicates a potential upside of 3.87% from the company’s current price.

Zacks’ analyst wrote, “We upgrade our recommendation on Kirkland’s to Neutral from Outperform following decent first-quarter fiscal 2014 results and an optimistic outlook for the upcoming quarter. Earnings of $0.12 per share surpassed both the year-ago results and beat the Zacks Consensus Estimate by 20.0%, backed by higher sales and comps. Top line also improved year over year and beat the Zacks Consensus Estimate by 6.9% and 2.2%, respectively, backed by higher-than-expected comps. However, we believe the slowdown in the home building sector could affect the demand for the company’s home furnishing products in next few quarters. Moreover, continued slag in consumer spending in the U.S. due to slowdown in the economy keeps us from being too positive on the stock. “

Separately, analysts at KeyCorp upgraded shares of Kirkland’s from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. They now have a $24.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $23.33.

Shares of Kirkland’s (NASDAQ:KIRK) traded up 0.29% on Wednesday, hitting $17.38. 48,652 shares of the company’s stock traded hands. Kirkland’s has a one year low of $15.11 and a one year high of $26.52. The stock’s 50-day moving average is $17.04 and its 200-day moving average is $19.72. The company has a market cap of $300.7 million and a P/E ratio of 20.68.

Kirkland’s (NASDAQ:KIRK) last announced its earnings results on Thursday, May 22nd. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.10 by $0.02. The company had revenue of $108.30 million for the quarter, compared to the consensus estimate of $105.90 million. During the same quarter last year, the company posted $0.10 earnings per share. Kirkland’s’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Kirkland’s will post $0.99 EPS for the current fiscal year.

Kirkland’s, Inc (NASDAQ:KIRK) is a specialty retailer of home decor and gifts in the United States.

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