Kirkland’s, Inc. (NASDAQ:KIRK) Expected to Post Earnings of -$0.28 Per Share
Analysts forecast that Kirkland’s, Inc. (NASDAQ:KIRK) will report earnings per share of ($0.28) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Kirkland’s’ earnings, with the lowest EPS estimate coming in at ($0.29) and the highest estimate coming in at ($0.27). Kirkland’s posted earnings of ($0.22) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 27.3%. The firm is scheduled to report its next earnings report on Tuesday, August 22nd.
According to Zacks, analysts expect that Kirkland’s will report full year earnings of $0.53 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.55. For the next financial year, analysts expect that the business will report earnings of $0.65 per share, with EPS estimates ranging from $0.60 to $0.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Tuesday, May 23rd. The specialty retailer reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.03. Kirkland’s had a return on equity of 6.90% and a net margin of 1.46%. The company had revenue of $132.80 million during the quarter, compared to analyst estimates of $134.32 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis.
Several brokerages have commented on KIRK. B. Riley started coverage on shares of Kirkland’s in a research report on Saturday, July 1st. They set a “buy” rating and a $13.50 price objective for the company. Zacks Investment Research raised shares of Kirkland’s from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Kirkland’s presently has a consensus rating of “Buy” and an average price target of $14.17.
Shares of Kirkland’s (NASDAQ:KIRK) opened at 9.55 on Thursday. Kirkland’s has a 52-week low of $8.51 and a 52-week high of $17.41. The company has a market capitalization of $152.00 million, a price-to-earnings ratio of 17.92 and a beta of 1.27. The company’s 50-day moving average price is $9.60 and its 200-day moving average price is $11.28.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department increased its position in shares of Kirkland’s by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 13,992 shares of the specialty retailer’s stock valued at $174,000 after buying an additional 2,112 shares during the last quarter. Guggenheim Capital LLC boosted its position in Kirkland’s by 134.5% in the fourth quarter. Guggenheim Capital LLC now owns 175,592 shares of the specialty retailer’s stock worth $2,723,000 after buying an additional 100,709 shares during the last quarter. TFS Capital LLC purchased a new position in Kirkland’s during the first quarter worth about $288,000. Adams Diversified Equity Fund Inc. boosted its position in Kirkland’s by 60.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 87,700 shares of the specialty retailer’s stock worth $1,087,000 after buying an additional 33,200 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in Kirkland’s by 835.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,674 shares of the specialty retailer’s stock worth $181,000 after buying an additional 10,426 shares during the last quarter. 89.28% of the stock is owned by institutional investors.
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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