Dimensional Fund Advisors LP lifted its holdings in shares of Kirkland’s, Inc. (NASDAQ:KIRK) by 15.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,202,584 shares of the specialty retailer’s stock after buying an additional 161,600 shares during the period. Dimensional Fund Advisors LP owned approximately 7.56% of Kirkland’s worth $12,362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Kirkland’s by 1,103.1% during 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 during the period. Texas Permanent School Fund boosted its stake in shares of Kirkland’s by 0.9% during 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 period. Wells Fargo & Company MN boosted its stake in shares of Kirkland’s by 3.6% during 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 period. Cigna Investments Inc. New acquired a new stake in shares of Kirkland’s during the second quarter worth about $138,000. Finally, Connors Investor Services Inc. boosted its stake in shares of Kirkland’s by 12.4% during the second quarter. Connors Investor Services Inc. now owns 18,177 shares of the specialty retailer’s stock worth $187,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

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Several brokerages have recently weighed in on KIRK. B. Riley reiterated a “buy” rating and set a $14.50 target price on shares of Kirkland’s in a research note on Monday, August 28th. Sidoti upgraded shares of Kirkland’s from a “neutral” rating to a “buy” rating and increased their target price for the stock from $10.00 to $12.00 in a research note on Tuesday, August 22nd. KeyCorp reiterated a “buy” rating and set a $14.00 target price on shares of Kirkland’s in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Kirkland’s from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Kirkland’s currently has an average rating of “Buy” and a consensus price target of $12.50.

Shares of Kirkland’s, Inc. (KIRK) opened at $11.83 on Wednesday. The company has a market cap of $188.64, a PE ratio of 22.67 and a beta of 1.23. Kirkland’s, Inc. has a 12-month low of $8.17 and a 12-month high of $17.41.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Tuesday, August 22nd. The specialty retailer reported ($0.24) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.04. The firm had revenue of $131.68 million during the quarter, compared to the consensus estimate of $125.44 million. Kirkland’s had a net margin of 1.40% and a return on equity of 6.59%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.22) earnings per share. research analysts forecast that Kirkland’s, Inc. will post 0.56 earnings per share for the current fiscal year.

Kirkland’s announced that its Board of Directors has approved a share buyback plan on Tuesday, August 22nd that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Kirkland’s 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.

Institutional Ownership by Quarter for Kirkland`s (NASDAQ:KIRK)

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