Kirkland’s Inc. (NASDAQ:KIRK) Director Carl Kirkland sold 17,992 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $12.63, for a total value of $227,238.96. Following the completion of the transaction, the director now directly owns 821,573 shares of the company’s stock, valued at $10,376,466.99. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Carl Kirkland also recently made the following trade(s):
- On Monday, September 26th, Carl Kirkland sold 4,800 shares of Kirkland’s stock. The stock was sold at an average price of $12.51, for a total value of $60,048.00.
- On Thursday, September 22nd, Carl Kirkland sold 19,718 shares of Kirkland’s stock. The stock was sold at an average price of $12.59, for a total value of $248,249.62.
- On Friday, September 16th, Carl Kirkland sold 1,300 shares of Kirkland’s stock. The stock was sold at an average price of $12.50, for a total value of $16,250.00.
- On Thursday, September 15th, Carl Kirkland sold 5,551 shares of Kirkland’s stock. The stock was sold at an average price of $12.69, for a total value of $70,442.19.
Shares of Kirkland’s Inc. (NASDAQ:KIRK) opened at 12.38 on Wednesday. The stock has a 50 day moving average price of $13.20 and a 200-day moving average price of $14.78. The stock has a market cap of $196.72 million, a P/E ratio of 15.06 and a beta of 1.61. Kirkland’s Inc. has a 12 month low of $11.18 and a 12 month high of $24.36.
Kirkland’s (NASDAQ:KIRK) last issued 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 analyst estimates of $125.54 million. Kirkland’s had a return on equity of 11.08% and a net margin of 2.35%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. On average, analysts forecast that Kirkland’s Inc. will post $0.73 EPS for the current fiscal year.
Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Kirkland’s from a “hold” rating to a “sell” rating in a research report on Friday, August 12th. SunTrust Banks Inc. dropped their price target on Kirkland’s from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, August 24th. B. Riley reissued a “buy” rating and set a $15.00 price target on shares of Kirkland’s in a research report on Monday, August 29th. Finally, Sidoti downgraded Kirkland’s from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $21.00 to $13.00 in a research report on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $20.14.
A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Kirkland’s by 277.2% in the second quarter. BlackRock Inc. now owns 7,023 shares of the company’s stock worth $103,000 after buying an additional 5,161 shares during the period. First Quadrant L P CA purchased a new stake in Kirkland’s during the second quarter worth $107,000. Acrospire Investment Management LLC purchased a new stake in Kirkland’s during the first quarter worth $131,000. Mesirow Financial Investment Management US Value Equity purchased a new stake in Kirkland’s during the first quarter worth $238,000. Finally, BlackRock Group LTD increased its stake in Kirkland’s by 8.6% in the second quarter. BlackRock Group LTD now owns 14,204 shares of the company’s stock worth $208,000 after buying an additional 1,120 shares during the period. Hedge funds and other institutional investors own 84.20% 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.
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