Carl Kirkland Sells 1,300 Shares of Kirkland’s Inc. (KIRK) Stock
Kirkland’s Inc. (NASDAQ:KIRK) Director Carl Kirkland sold 1,300 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $12.50, for a total value of $16,250.00. Following the transaction, the director now owns 859,283 shares of the company’s stock, valued at $10,741,037.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Carl Kirkland also recently made the following trade(s):
- On Thursday, September 15th, Carl Kirkland sold 5,551 shares of Kirkland’s stock. The stock was sold at an average price of $12.69, for a total value of $70,442.19.
Kirkland’s Inc. (NASDAQ:KIRK) opened at 12.03 on Wednesday. The company has a market cap of $191.16 million, a PE ratio of 14.64 and a beta of 1.61. Kirkland’s Inc. has a 1-year low of $11.18 and a 1-year high of $24.36. The stock has a 50 day moving average price of $13.61 and a 200 day moving average price of $14.88.
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Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Tuesday, August 23rd. The company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.01. Kirkland’s had a return on equity of 11.08% and a net margin of 2.35%. The firm earned $123 million during the quarter, compared to the consensus estimate of $125.54 million. During the same quarter in the prior year, the business posted ($0.11) EPS. Kirkland’s’s revenue was up 6.7% compared to the same quarter last year. Equities analysts forecast that Kirkland’s Inc. will post $0.73 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Kirkland’s by 0.3% in the second quarter. Rhumbline Advisers now owns 20,249 shares of the company’s stock worth $297,000 after buying an additional 62 shares in the last quarter. A.R.T. Advisors LLC increased its stake in shares of Kirkland’s by 0.6% in the first quarter. A.R.T. Advisors LLC now owns 31,101 shares of the company’s stock worth $544,000 after buying an additional 200 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Kirkland’s by 1.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 21,020 shares of the company’s stock worth $309,000 after buying an additional 314 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Kirkland’s by 0.3% in the second quarter. Foundry Partners LLC now owns 224,750 shares of the company’s stock worth $3,299,000 after buying an additional 675 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Kirkland’s by 8.6% in the second quarter. BlackRock Group LTD now owns 14,204 shares of the company’s stock worth $208,000 after buying an additional 1,120 shares in the last quarter. Institutional investors own 84.79% of the company’s stock.
A number of research analysts recently commented on the company. B. Riley restated a “buy” rating and set a $21.00 price objective on shares of Kirkland’s in a research note on Saturday, May 28th. SunTrust Banks Inc. lowered their price objective on Kirkland’s from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, August 24th. Zacks Investment Research downgraded Kirkland’s from a “hold” rating to a “sell” rating in a research note on Wednesday, May 25th. Piper Jaffray Cos. restated a “buy” rating on shares of Kirkland’s in a research note on Thursday, May 26th. Finally, Sidoti downgraded Kirkland’s from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $21.00 to $13.00 in a research note on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.14.
Kirkland’s Company Profile
Kirkland’s, Inc is a specialty retailer of home decor and gifts in the United States. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products.
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