Capstone Asset Management Co. reduced its position in Kirkland’s Inc. (NASDAQ:KIRK) by 7.2% during the second quarter, Holdings Channel reports. The fund owned 11,500 shares of the company’s stock after selling 890 shares during the period. Capstone Asset Management Co.’s holdings in Kirkland’s were worth $169,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. AlphaOne Investment Services LLC boosted its position in shares of Kirkland’s by 23.5% in the first quarter. AlphaOne Investment Services LLC now owns 279,400 shares of the company’s stock worth $4,893,000 after buying an additional 53,215 shares during the last quarter. A.R.T. Advisors LLC boosted its position in shares of Kirkland’s by 0.6% in the first quarter. A.R.T. Advisors LLC now owns 31,101 shares of the company’s stock worth $544,000 after buying an additional 200 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Kirkland’s by 10.0% in the first quarter. Nuveen Asset Management LLC now owns 355,936 shares of the company’s stock worth $6,233,000 after buying an additional 32,410 shares during the last quarter. Bogle Investment Management L P DE purchased a new position in shares of Kirkland’s during the first quarter worth about $1,115,000. Finally, Geode Capital Management LLC boosted its position in shares of Kirkland’s by 6.6% in the first quarter. Geode Capital Management LLC now owns 110,480 shares of the company’s stock worth $1,934,000 after buying an additional 6,809 shares during the last quarter. Institutional investors own 84.20% of the company’s stock.
Shares of Kirkland’s Inc. (NASDAQ:KIRK) traded down 0.08% during trading on Friday, hitting $12.18. 93,710 shares of the stock traded hands. The stock has a 50 day moving average of $12.97 and a 200 day moving average of $14.71. Kirkland’s Inc. has a 52-week low of $11.18 and a 52-week high of $24.36. The firm has a market cap of $193.54 million, a price-to-earnings ratio of 14.82 and a beta of 1.61.
Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings data on Tuesday, August 23rd. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.21) by $0.01. The firm earned $123 million during 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%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. Analysts expect that Kirkland’s Inc. will post $0.73 EPS for the current year.
A number of equities analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $15.00 price target on shares of Kirkland’s in a research note on Monday, August 29th. SunTrust Banks Inc. dropped their price target on shares of Kirkland’s from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, August 24th. Sidoti cut shares of 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 note on Tuesday, August 23rd. Finally, Zacks Investment Research cut shares of Kirkland’s from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Kirkland’s presently has a consensus rating of “Buy” and a consensus target price of $20.14.
In other Kirkland’s news, Director Carl Kirkland sold 19,718 shares of Kirkland’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $12.59, for a total value of $248,249.62. Following the transaction, the director now owns 839,565 shares in the company, valued at $10,570,123.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is owned by corporate insiders.
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.