Kirkland’s, Inc. (NASDAQ:KIRK) Director Gregory A. Sandfort purchased 7,639 shares of the stock in a transaction dated Tuesday, December 5th. The stock was acquired at an average cost of $13.12 per share, with a total value of $100,223.68. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $26,240. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Kirkland’s, Inc. (KIRK) traded down $0.02 during trading on Thursday, reaching $12.73. 109,208 shares of the company’s stock were exchanged, compared to its average volume of 156,556. Kirkland’s, Inc. has a twelve month low of $8.17 and a twelve month high of $17.41. The firm has a market cap of $208.73, a price-to-earnings ratio of 27.77 and a beta of 1.25.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings results on Tuesday, November 21st. The specialty retailer reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Kirkland’s had a net margin of 1.14% and a return on equity of 5.93%. The company had revenue of $144.98 million for the quarter, compared to analyst estimates of $142.31 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. analysts expect that Kirkland’s, Inc. will post 0.49 EPS for the current fiscal year.

Kirkland’s declared that its Board of Directors has initiated a share buyback plan on Tuesday, August 22nd that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Several research analysts recently commented on the stock. B. Riley reiterated a “buy” rating and set a $14.50 price objective on shares of Kirkland’s in a research note on Monday, August 28th. Zacks Investment Research upgraded shares of Kirkland’s from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research note on Wednesday, August 23rd. KeyCorp reiterated a “buy” rating and set a $14.00 price objective on shares of Kirkland’s in a research note on Friday, November 10th. Finally, Sidoti upgraded shares of Kirkland’s from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $12.00 in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Kirkland’s has a consensus rating of “Buy” and a consensus price target of $12.50.

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Kirkland’s by 1,103.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,998 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 9,167 shares in the last quarter. Voya Investment Management LLC acquired a new position in Kirkland’s during the 2nd quarter valued at approximately $105,000. Texas Permanent School Fund increased its stake in Kirkland’s by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 10,687 shares of the specialty retailer’s stock valued at $110,000 after purchasing an additional 97 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in Kirkland’s during the 2nd quarter valued at approximately $112,000. Finally, Cigna Investments Inc. New acquired a new position in Kirkland’s during the 2nd quarter valued at approximately $138,000. Institutional investors and hedge funds own 93.94% of the company’s stock.

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About Kirkland’s

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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