Kirkland’s, Inc. (NASDAQ:KIRK) Director Charles Pleas III purchased 100,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of $2.39 per share, for a total transaction of $239,000.00. Following the transaction, the director now owns 112,000 shares of the company’s stock, valued at $267,680. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NASDAQ:KIRK traded down $0.09 during mid-day trading on Friday, reaching $2.41. 22,144 shares of the stock were exchanged, compared to its average volume of 672,074. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.35 and a current ratio of 1.11. The company has a market cap of $32.86 million, a PE ratio of 6.04 and a beta of 1.11. Kirkland’s, Inc. has a one year low of $2.02 and a one year high of $12.92.

Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings data on Thursday, June 6th. The specialty retailer reported ($0.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.36) by ($0.17). The firm had revenue of $129.60 million for the quarter, compared to the consensus estimate of $132.37 million. Kirkland’s had a negative return on equity of 1.45% and a negative net margin of 0.67%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) earnings per share. On average, research analysts predict that Kirkland’s, Inc. will post -0.44 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on KIRK shares. Zacks Investment Research lowered Kirkland’s from a “buy” rating to a “hold” rating in a research report on Thursday, February 14th. B. Riley reaffirmed a “buy” rating on shares of Kirkland’s in a research report on Monday, March 4th. Sidoti set a $9.00 price target on Kirkland’s and gave the stock a “buy” rating in a research report on Friday, May 24th. Finally, TheStreet lowered Kirkland’s from a “c” rating to a “d” rating in a research report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Kirkland’s has an average rating of “Hold” and a consensus target price of $7.67.

Large investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC bought a new position in Kirkland’s in the fourth quarter valued at approximately $38,000. Oregon Public Employees Retirement Fund bought a new position in Kirkland’s in the fourth quarter valued at approximately $54,000. Texas Permanent School Fund bought a new position in Kirkland’s in the first quarter valued at approximately $71,000. Alambic Investment Management L.P. bought a new position in Kirkland’s in the first quarter valued at approximately $76,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of Kirkland’s in the fourth quarter valued at approximately $79,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

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About Kirkland’s

Kirkland's, Inc operates as a specialty retailer of home décor in the United States. The company's stores provide various merchandise, including holiday décor, furniture, art, fragrance and accessories, ornamental wall décor, decorative accessories, mirrors, lamps, textiles, artificial floral products, gifts, housewares, outdoor living items, frames, and clocks.

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