Kirkland’s (NASDAQ:KIRK) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share guidance of $0.15-0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.46. The company issued revenue guidance of flat to +2% YoY to ~$647-660 million, compared to the consensus revenue estimate of $664.00 million.Kirkland’s also updated its FY 2019 guidance to $0.15-0.30 EPS.
NASDAQ:KIRK opened at $10.31 on Friday. The stock has a market capitalization of $149.92 million, a P/E ratio of 27.13 and a beta of 1.02. Kirkland’s has a 12 month low of $6.78 and a 12 month high of $13.48.
A number of equities research analysts recently commented on KIRK shares. B. Riley set a $16.00 target price on Kirkland’s and gave the stock a buy rating in a research report on Friday, November 30th. ValuEngine downgraded Kirkland’s from a buy rating to a hold rating in a research report on Wednesday, November 21st. Finally, Zacks Investment Research downgraded Kirkland’s from a hold rating to a sell rating in a research report on Wednesday, November 28th.
A hedge fund recently raised its stake in Kirkland’s stock. Geode Capital Management LLC raised its stake in shares of Kirkland’s, Inc. (NASDAQ:KIRK) by 28.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,942 shares of the specialty retailer’s stock after purchasing an additional 40,481 shares during the period. Geode Capital Management LLC owned 1.24% of Kirkland’s worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 97.15% of the stock is currently owned by institutional investors and hedge funds.
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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