Kirkland’s (NASDAQ:KIRK) announced its earnings results on Friday. The specialty retailer reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.02), Briefing.com reports. The company had revenue of $216.10 million during the quarter, compared to analyst estimates of $222.68 million. Kirkland’s had a return on equity of 3.32% and a net margin of 0.38%. Kirkland’s’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. Kirkland’s updated its FY 2019 guidance to $0.15-0.30 EPS and its FY20 guidance to $0.15-0.30 EPS.
Shares of KIRK stock traded down $1.42 on Friday, reaching $8.89. The stock had a trading volume of 236,810 shares, compared to its average volume of 114,592. The stock has a market cap of $149.92 million, a price-to-earnings ratio of 23.39 and a beta of 1.02. Kirkland’s has a 12 month low of $6.78 and a 12 month high of $13.48.
Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Kirkland’s by 28.2% in the 4th quarter. Geode Capital Management LLC now owns 183,942 shares of the specialty retailer’s stock valued at $1,752,000 after purchasing an additional 40,481 shares during the period. Millennium Management LLC bought a new stake in shares of Kirkland’s in the 4th quarter valued at about $773,000. Ancora Advisors LLC raised its holdings in shares of Kirkland’s by 42.5% in the 4th quarter. Ancora Advisors LLC now owns 103,750 shares of the specialty retailer’s stock valued at $989,000 after purchasing an additional 30,933 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in shares of Kirkland’s in the 4th quarter valued at about $462,000. Finally, Divisar Capital Management LLC raised its holdings in shares of Kirkland’s by 20.0% in the 4th quarter. Divisar Capital Management LLC now owns 1,411,688 shares of the specialty retailer’s stock valued at $13,453,000 after purchasing an additional 235,332 shares during the period. 97.15% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on KIRK shares. Zacks Investment Research lowered shares of Kirkland’s from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. B. Riley reaffirmed a “buy” rating on shares of Kirkland’s in a research note on Monday, March 4th. Finally, ValuEngine lowered shares of Kirkland’s from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd.
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Kirkland's, Inc operates as a specialty retailer of home décor in the United States. The company's stores provide various merchandise, including holiday décor, framed arts, furniture, ornamental wall décor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items.
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