Brokerages expect Kirkland’s, Inc. (NASDAQ:KIRK) to report sales of $142.13 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kirkland’s’ earnings, with estimates ranging from $140.78 million to $143.80 million. Kirkland’s posted sales of $138.24 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.8%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 28th.
On average, analysts expect that Kirkland’s will report full-year sales of $142.13 million for the current year, with estimates ranging from $620.42 million to $626.90 million. For the next financial year, analysts forecast that the company will report sales of $638.83 million per share, with estimates ranging from $634.30 million to $642.40 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings data on Tuesday, August 22nd. The specialty retailer reported ($0.24) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.04. Kirkland’s had a return on equity of 6.59% and a net margin of 1.40%. The company had revenue of $131.68 million for the quarter, compared to the consensus estimate of $125.44 million. During the same quarter in the previous year, the business earned ($0.22) EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year.
A number of brokerages have commented on KIRK. B. Riley reiterated a “buy” rating and issued a $14.50 price objective on shares of Kirkland’s in a research report on Monday, August 28th. Zacks Investment Research upgraded Kirkland’s from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research report on Wednesday, August 23rd. Finally, Sidoti upgraded Kirkland’s from a “neutral” rating to a “buy” rating and increased their price objective for the company from $10.00 to $12.00 in a research report on Tuesday, August 22nd.
Shares of Kirkland’s (NASDAQ KIRK) opened at 11.55 on Friday. The company has a market cap of $184.80 million, a P/E ratio of 22.25 and a beta of 1.22. The stock has a 50 day moving average price of $9.83 and a 200-day moving average price of $10.65. Kirkland’s has a 1-year low of $8.17 and a 1-year high of $17.41.
Kirkland’s declared that its board has initiated a stock buyback program on Tuesday, August 22nd that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Tennessee Treasury Department raised its position in 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 in the last quarter. TFS Capital LLC bought a new position in Kirkland’s during the first quarter valued at about $288,000. Acadian Asset Management LLC bought a new position in Kirkland’s during the first quarter valued at about $249,000. Ameriprise Financial Inc. raised its position in Kirkland’s by 5.0% in the first quarter. Ameriprise Financial Inc. now owns 76,674 shares of the specialty retailer’s stock valued at $951,000 after buying an additional 3,650 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in Kirkland’s by 83.2% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 57,512 shares of the specialty retailer’s stock valued at $713,000 after buying an additional 26,112 shares in the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kirkland's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.