Kirkland's Receives Neutral Rating from Zacks (KIRK)
Kirkland's (NASDAQ:KIRK)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Monday. They currently have a $18.00 price target on the stock. Zacks‘s price objective points to a potential upside of 2.74% from the company’s current price.
Zacks’ analyst wrote, “Kirkland’s posted second quarter loss of $0.06 per share was wider than the Zacks Consensus Estimate of a loss of $0.04 as well as the year-ago loss of $0.03. Although top line improved year over year by 6.6% backed by higher comps, it missed the Zacks Consensus Estimate by 1.4%. Lower than expected sales in June resulted in lower than expected sales. 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. However the growing e-commerce business of the company and its aggressive store opening program keep us on the sidelines “
Kirkland's (NASDAQ:KIRK) traded down 0.17% during mid-day trading on Monday, hitting $17.49. The stock had a trading volume of 44,536 shares. Kirkland's has a 1-year low of $15.64 and a 1-year high of $26.52. The stock has a 50-day moving average of $18.87 and a 200-day moving average of $18.11. The company has a market cap of $303.2 million and a P/E ratio of 21.79.
Kirkland's (NASDAQ:KIRK) last released its earnings data on Thursday, August 21st. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.02. The company had revenue of $103.50 million for the quarter, compared to the consensus estimate of $104.34 million. During the same quarter last year, the company posted ($0.03) earnings per share. Kirkland's’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that Kirkland's will post $0.94 EPS for the current fiscal year.
Kirkland’s, Inc (NASDAQ:KIRK) 1981, is a specialty retailer of home decor and gifts in the United States.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.