$126.43 Million in Sales Expected for Kirkland’s, Inc. (KIRK) This Quarter
Wall Street analysts expect that Kirkland’s, Inc. (NASDAQ:KIRK) will report sales of $126.43 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Kirkland’s’ earnings. The highest sales estimate is $127.30 million and the lowest is $125.60 million. Kirkland’s reported sales of $123.02 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The company is scheduled to report its next earnings results before the market opens on Tuesday, August 22nd.
On average, analysts expect that Kirkland’s will report full-year sales of $126.43 million for the current year, with estimates ranging from $620.42 million to $622.30 million. For the next year, analysts anticipate that the company will post sales of $635.17 million per share, with estimates ranging from $633.30 million to $637.90 million. Zacks’ sales averages are an average based on a survey of research firms that cover Kirkland’s.
Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings data on Tuesday, May 23rd. The specialty retailer reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.03. Kirkland’s had a return on equity of 6.90% and a net margin of 1.46%. The business had revenue of $132.80 million during the quarter, compared to analyst estimates of $134.32 million. During the same quarter last year, the firm earned $0.06 EPS. Kirkland’s’s revenue for the quarter was up 2.2% compared to the same quarter last year.
Separately, B. Riley reiterated a “buy” rating and set a $13.50 target price on shares of Kirkland’s in a research report on Wednesday, May 24th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $14.17.
Shares of Kirkland’s (NASDAQ KIRK) opened at 8.70 on Wednesday. Kirkland’s has a 52 week low of $8.51 and a 52 week high of $17.41. The firm has a market cap of $138.47 million, a PE ratio of 16.32 and a beta of 1.25. The firm has a 50-day moving average of $9.63 and a 200 day moving average of $10.80.
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Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Kirkland’s by 1,103.1% in the second quarter. JPMorgan Chase & Co. now owns 9,998 shares of the specialty retailer’s stock worth $103,000 after buying an additional 9,167 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of Kirkland’s during the second quarter worth about $105,000. Texas Permanent School Fund increased its stake in shares of Kirkland’s by 0.9% in the second quarter. Texas Permanent School Fund now owns 10,687 shares of the specialty retailer’s stock worth $110,000 after buying an additional 97 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of Kirkland’s during the second quarter worth about $112,000. Finally, Wells Fargo & Company MN increased its stake in shares of Kirkland’s by 3.6% in the first quarter. Wells Fargo & Company MN now owns 10,533 shares of the specialty retailer’s stock worth $131,000 after buying an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 85.59% 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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