Equities analysts expect Kirkland’s, Inc. (NASDAQ:KIRK) to announce sales of $153.18 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Kirkland’s’ earnings. The highest sales estimate is $154.16 million and the lowest is $152.20 million. Kirkland’s reported sales of $144.98 million during the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 20th.

According to Zacks, analysts expect that Kirkland’s will report full year sales of $652.14 million for the current fiscal year, with estimates ranging from $649.80 million to $654.49 million. For the next financial year, analysts forecast that the business will post sales of $667.29 million per share, with estimates ranging from $665.28 million to $669.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Kirkland’s.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings results on Thursday, August 30th. The specialty retailer reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.04). The firm had revenue of $133.90 million for the quarter, compared to analyst estimates of $136.55 million. Kirkland’s had a net margin of 0.45% and a return on equity of 3.61%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.24) EPS.

Several research analysts have recently weighed in on KIRK shares. B. Riley set a $14.00 price target on shares of Kirkland’s and gave the company a “buy” rating in a research report on Wednesday, May 30th. KeyCorp boosted their price target on shares of Kirkland’s from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, June 1st. Zacks Investment Research cut shares of Kirkland’s from a “buy” rating to a “hold” rating in a research report on Tuesday, June 5th. Finally, ValuEngine cut shares of Kirkland’s from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th.

Shares of KIRK stock opened at $9.36 on Friday. The stock has a market cap of $146.61 million, a PE ratio of 24.63 and a beta of 1.22. Kirkland’s has a twelve month low of $8.55 and a twelve month high of $13.48.

Several hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans purchased a new stake in Kirkland’s in the 1st quarter valued at about $101,000. Advisors Preferred LLC raised its holdings in Kirkland’s by 718.5% in the 2nd quarter. Advisors Preferred LLC now owns 10,510 shares of the specialty retailer’s stock valued at $122,000 after buying an additional 9,226 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Kirkland’s in the 2nd quarter valued at about $158,000. Engineers Gate Manager LP purchased a new stake in Kirkland’s in the 1st quarter valued at about $210,000. Finally, Bailard Inc. purchased a new stake in Kirkland’s in the 2nd quarter valued at about $219,000. 97.53% of the stock is currently owned by hedge funds and other institutional investors.

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, framed arts, furniture, ornamental wall décor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items.

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Earnings History and Estimates for Kirkland`s (NASDAQ:KIRK)

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