Kirkland’s (KIRK) Issues Earnings Results, Misses Estimates By $0.02 EPS

Share on StockTwits

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.

ILLEGAL ACTIVITY WARNING: “Kirkland’s (KIRK) Issues Earnings Results, Misses Estimates By $0.02 EPS” was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4223212/kirklands-kirk-issues-earnings-results-misses-estimates-by-0-02-eps.html.

About Kirkland’s

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.

Further Reading: What are municipal bonds?

Earnings History for Kirkland`s (NASDAQ:KIRK)

Receive News & Ratings for Kirkland's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirkland's and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Bimini Capital Managment  versus PennyMac Mortgage Investment Trust  Head-To-Head Review
Bimini Capital Managment versus PennyMac Mortgage Investment Trust Head-To-Head Review
Jane Street Group LLC Sells 233,914 Shares of Vanguard Extended Duration Treasury ETF
Jane Street Group LLC Sells 233,914 Shares of Vanguard Extended Duration Treasury ETF
$0.13 Earnings Per Share Expected for Northern Oil and Gas, Inc.  This Quarter
$0.13 Earnings Per Share Expected for Northern Oil and Gas, Inc. This Quarter
Gamida Cell  versus The Competition Head-To-Head Survey
Gamida Cell versus The Competition Head-To-Head Survey
iShares Floating Rate Bond ETF  Stake Lowered by Jane Street Group LLC
iShares Floating Rate Bond ETF Stake Lowered by Jane Street Group LLC
First of Long Island Corp  Given Consensus Recommendation of “Hold” by Brokerages
First of Long Island Corp Given Consensus Recommendation of “Hold” by Brokerages


© 2006-2019 Ticker Report