Principal Financial Group Inc. increased its position in shares of Kirkland’s, Inc. (NASDAQ:KIRK) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 120,661 shares of the specialty retailer’s stock after purchasing an additional 9,322 shares during the quarter. Principal Financial Group Inc. owned approximately 0.75% of Kirkland’s worth $1,379,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Kirkland’s by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,202,584 shares of the specialty retailer’s stock worth $12,362,000 after purchasing an additional 161,600 shares during the last quarter. Vanguard Group Inc. boosted its stake in Kirkland’s by 8.8% in the first quarter. Vanguard Group Inc. now owns 828,023 shares of the specialty retailer’s stock valued at $10,269,000 after acquiring an additional 67,228 shares during the last quarter. Foundry Partners LLC boosted its stake in Kirkland’s by 5.3% in the third quarter. Foundry Partners LLC now owns 562,470 shares of the specialty retailer’s stock valued at $6,429,000 after acquiring an additional 28,450 shares during the last quarter. Penn Capital Management Co. Inc. boosted its stake in Kirkland’s by 1.0% in the second quarter. Penn Capital Management Co. Inc. now owns 392,821 shares of the specialty retailer’s stock valued at $4,038,000 after acquiring an additional 3,992 shares during the last quarter. Finally, AlphaOne Investment Services LLC boosted its stake in Kirkland’s by 63.1% in the second quarter. AlphaOne Investment Services LLC now owns 322,164 shares of the specialty retailer’s stock valued at $3,310,000 after acquiring an additional 124,661 shares during the last quarter. Institutional investors and hedge funds own 94.00% of the company’s stock.
In other Kirkland’s news, Director Gregory A. Sandfort purchased 7,639 shares of the stock in a transaction dated Tuesday, December 5th. The shares were bought at an average price of $13.12 per share, with a total value of $100,223.68. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $26,240. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.80% of the company’s stock.
Kirkland’s, Inc. (NASDAQ KIRK) opened at $12.41 on Wednesday. The firm has a market cap of $207.45, a PE ratio of 27.60 and a beta of 1.25. Kirkland’s, Inc. has a 52 week low of $8.17 and a 52 week high of $17.41.
Kirkland’s (NASDAQ:KIRK) last released its earnings results on Tuesday, November 21st. The specialty retailer reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $144.98 million during the quarter, compared to analysts’ expectations of $142.31 million. Kirkland’s had a net margin of 1.14% and a return on equity of 5.93%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. analysts expect that Kirkland’s, Inc. will post 0.49 EPS for the current fiscal year.
Kirkland’s announced that its board has initiated a stock repurchase plan on Tuesday, August 22nd that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
A number of research analysts have weighed in on KIRK shares. B. Riley reiterated a “buy” rating and issued a $14.50 target price on shares of Kirkland’s in a research note on Monday, August 28th. Zacks Investment Research upgraded shares of Kirkland’s from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Wednesday, August 23rd. Sidoti upgraded shares of Kirkland’s from a “neutral” rating to a “buy” rating and boosted their target price for the company from $10.00 to $12.00 in a research note on Tuesday, August 22nd. Finally, KeyCorp reiterated a “buy” rating and issued a $14.00 target price on shares of Kirkland’s in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kirkland’s currently has a consensus rating of “Buy” and a consensus target price of $12.50.
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.
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.