ValuEngine downgraded shares of Kirkland’s (NASDAQ:KIRK) from a buy rating to a hold rating in a research note published on Friday, ValuEngine reports.

Shares of NASDAQ:KIRK opened at $2.94 on Friday. The company has a 50-day moving average price of $2.00 and a 200 day moving average price of $1.30. Kirkland’s has a 52 week low of $0.56 and a 52 week high of $3.70. The company has a quick ratio of 0.50, a current ratio of 1.31 and a debt-to-equity ratio of 3.27. The company has a market cap of $43.72 million, a P/E ratio of -0.79 and a beta of 1.24.

Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings results on Thursday, June 4th. The specialty retailer reported ($1.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.77). Kirkland’s had a negative net margin of 9.39% and a negative return on equity of 39.72%. The company had revenue of $77.25 million for the quarter.

In related news, CEO Steven C. Woodward purchased 46,808 shares of Kirkland’s stock in a transaction dated Friday, June 26th. The stock was bought at an average cost of $2.37 per share, for a total transaction of $110,934.96. Following the transaction, the chief executive officer now owns 532,181 shares in the company, valued at $1,261,268.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven J. Collins purchased 36,000 shares of Kirkland’s stock in a transaction dated Friday, July 10th. The shares were bought at an average price of $2.93 per share, with a total value of $105,480.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 106,808 shares of company stock valued at $268,415. Insiders own 4.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. increased its stake in shares of Kirkland’s by 1,100.0% during the 1st quarter. Sunbelt Securities Inc. now owns 26,400 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 24,200 shares in the last quarter. KBC Group NV purchased a new position in shares of Kirkland’s during the 4th quarter worth approximately $38,000. UBS Group AG increased its stake in shares of Kirkland’s by 220.2% during the 1st quarter. UBS Group AG now owns 55,242 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 37,987 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Kirkland’s by 3.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,076,700 shares of the specialty retailer’s stock worth $1,335,000 after purchasing an additional 39,400 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Kirkland’s by 322.1% during the 1st quarter. Invesco Ltd. now owns 295,207 shares of the specialty retailer’s stock worth $229,000 after purchasing an additional 225,262 shares in the last quarter. 35.04% of the stock is owned by institutional investors and hedge funds.

Kirkland’s Company Profile

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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