Systematic Financial Management LP decreased its stake in Kirkland’s Inc. (NASDAQ:KIRK) by 2.7% during the second quarter, Holdings Channel reports. The firm owned 80,749 shares of the company’s stock after selling 2,205 shares during the period. Systematic Financial Management LP owned about 0.51% of Kirkland’s worth $1,185,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Quadrant L P CA bought a new position in Kirkland’s during the second quarter valued at $107,000. Acrospire Investment Management LLC bought a new position in Kirkland’s during the first quarter valued at $131,000. Mesirow Financial Investment Management US Value Equity bought a new position in Kirkland’s during the first quarter valued at $238,000. Adams Diversified Equity Fund Inc. bought a new position in Kirkland’s during the second quarter valued at $267,000. Finally, State Board of Administration of Florida Retirement System raised its position in Kirkland’s by 1.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 21,020 shares of the company’s stock valued at $309,000 after buying an additional 314 shares during the period. 84.79% of the stock is currently owned by hedge funds and other institutional investors.
Kirkland’s Inc. (NASDAQ:KIRK) traded down 1.75% during trading on Monday, hitting $12.36. The stock had a trading volume of 19,470 shares. The stock has a market capitalization of $196.40 million, a P/E ratio of 15.04 and a beta of 1.61. Kirkland’s Inc. has a 52 week low of $11.18 and a 52 week high of $24.36. The company has a 50-day moving average of $13.37 and a 200-day moving average of $14.83.
Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by $0.01. The business had revenue of $123 million for the quarter, compared to the consensus estimate of $125.54 million. Kirkland’s had a net margin of 2.35% and a return on equity of 11.08%. Kirkland’s’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) EPS. On average, equities analysts expect that Kirkland’s Inc. will post $0.73 earnings per share for the current fiscal year.
KIRK has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $15.00 price target on shares of Kirkland’s in a research report on Monday, August 29th. SunTrust Banks Inc. reduced their target price on Kirkland’s from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, August 24th. Zacks Investment Research upgraded Kirkland’s from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, Sidoti downgraded Kirkland’s from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $21.00 to $13.00 in a research note on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $20.14.
In related news, Director Carl Kirkland sold 19,718 shares of Kirkland’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $12.59, for a total transaction of $248,249.62. Following the completion of the sale, the director now owns 839,565 shares of the company’s stock, valued at $10,570,123.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.50% 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.
Want to see what other hedge funds are holding KIRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kirkland’s Inc. (NASDAQ:KIRK).
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.