Texas Permanent School Fund boosted its stake in shares of Kirkland’s, Inc. (NASDAQ:KIRK) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,687 shares of the specialty retailer’s stock after buying an additional 97 shares during the period. Texas Permanent School Fund owned about 0.07% of Kirkland’s worth $110,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of KIRK. Wells Fargo & Company MN increased its stake in Kirkland’s by 3.6% in the first quarter. Wells Fargo & Company MN now owns 10,533 shares of the specialty retailer’s stock valued at $131,000 after buying an additional 363 shares during the last quarter. Nationwide Fund Advisors increased its stake in Kirkland’s by 0.7% in the first quarter. Nationwide Fund Advisors now owns 11,304 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 76 shares during the last quarter. State of Tennessee Treasury Department increased its stake in Kirkland’s by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 13,992 shares of the specialty retailer’s stock valued at $174,000 after buying an additional 2,112 shares during the last quarter. Comerica Bank increased its stake in Kirkland’s by 4.5% in the first quarter. Comerica Bank now owns 16,140 shares of the specialty retailer’s stock valued at $195,000 after buying an additional 692 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Kirkland’s during the first quarter valued at $201,000. Institutional investors and hedge funds own 87.83% of the company’s stock.

Shares of Kirkland’s, Inc. (KIRK) opened at 11.59 on Thursday. The stock has a 50 day moving average price of $9.60 and a 200-day moving average price of $10.65. The stock has a market cap of $185.44 million, a P/E ratio of 22.33 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 announced its quarterly earnings results on Tuesday, August 22nd. The specialty retailer reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.04. Kirkland’s had a net margin of 1.40% and a return on equity of 6.59%. The company had revenue of $131.68 million for the quarter, compared to analyst estimates of $125.44 million. During the same quarter last year, the business earned ($0.22) earnings per share. Kirkland’s’s revenue was up 7.0% compared to the same quarter last year. Equities analysts predict that Kirkland’s, Inc. will post $0.58 EPS for the current fiscal year.

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

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Several analysts have weighed in on KIRK shares. B. Riley reiterated a “buy” rating and set a $14.50 price target on shares of Kirkland’s in a research note on Monday. Zacks Investment Research upgraded 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. Finally, Sidoti upgraded Kirkland’s from a “neutral” rating to a “buy” rating and upped their target price for the stock from $10.00 to $12.00 in a research note on Tuesday, August 22nd.

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

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