$126.43 Million in Sales Expected for Kirkland’s, Inc. (KIRK) This Quarter
Equities analysts forecast that Kirkland’s, Inc. (NASDAQ:KIRK) will announce $126.43 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Kirkland’s’ earnings, with the lowest sales estimate coming in at $125.60 million and the highest estimate coming in at $127.30 million. Kirkland’s posted sales of $123.02 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The company is scheduled to report its next quarterly earnings results before the market opens on Tuesday, August 22nd.
According to Zacks, analysts expect that Kirkland’s will report full-year sales of $126.43 million for the current financial year, with estimates ranging from $620.42 million to $622.30 million. For the next fiscal year, analysts expect that the company will report sales of $635.17 million per share, with estimates ranging from $633.30 million to $637.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Tuesday, May 23rd. The specialty retailer reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Kirkland’s had a net margin of 1.46% and a return on equity of 6.90%. The company had revenue of $132.80 million for the quarter, compared to analysts’ expectations of $134.32 million. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis.
Separately, B. Riley began coverage on Kirkland’s in a research report on Saturday, July 1st. They set a “buy” rating and a $13.50 price objective on the stock. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $14.17.
Shares of Kirkland’s (NASDAQ:KIRK) opened at 8.70 on Wednesday. Kirkland’s has a 12-month low of $8.51 and a 12-month high of $17.41. The stock has a market cap of $138.47 million, a price-to-earnings ratio of 16.32 and a beta of 1.25. The company’s 50-day moving average price is $9.63 and its 200 day moving average price is $10.80.
Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Kirkland’s by 1,103.1% in the second quarter. JPMorgan Chase & Co. now owns 9,998 shares of the specialty retailer’s stock worth $103,000 after buying an additional 9,167 shares in the last quarter. Voya Investment Management LLC acquired a new stake in Kirkland’s during the second quarter worth approximately $105,000. Texas Permanent School Fund increased its stake in Kirkland’s by 0.9% in the second quarter. Texas Permanent School Fund now owns 10,687 shares of the specialty retailer’s stock worth $110,000 after buying an additional 97 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Kirkland’s during the second quarter worth approximately $112,000. Finally, Wells Fargo & Company MN increased its stake in Kirkland’s by 3.6% in the first quarter. Wells Fargo & Company MN now owns 10,533 shares of the specialty retailer’s stock worth $131,000 after buying an additional 363 shares in the last quarter. Institutional investors own 85.59% of the company’s stock.
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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