$126.43 Million in Sales Expected for Kirkland’s, Inc. (NASDAQ:KIRK) This Quarter

Equities research analysts expect Kirkland’s, Inc. (NASDAQ:KIRK) to post sales of $126.43 million for the current quarter, Zacks reports. Three analysts have made estimates for Kirkland’s’ earnings, with the highest sales estimate coming in at $127.30 million and the lowest estimate coming in at $125.60 million. Kirkland’s posted sales of $123.02 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 22nd.

On average, analysts expect that Kirkland’s will report full-year sales of $126.43 million for the current year, with estimates ranging from $620.42 million to $622.30 million. For the next financial year, analysts expect that the company will post sales of $635.17 million per share, with estimates ranging from $633.30 million to $637.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Kirkland’s.

Kirkland’s (NASDAQ:KIRK) last posted its earnings results on Tuesday, May 23rd. The specialty retailer reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Kirkland’s had a net margin of 1.46% and a return on equity of 6.90%. The firm had revenue of $132.80 million during the quarter, compared to analysts’ expectations of $134.32 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis.

A number of brokerages have issued reports on KIRK. B. Riley began coverage on shares of Kirkland’s in a report on Saturday, July 1st. They issued a “buy” rating and a $13.50 target price on the stock. Zacks Investment Research raised Kirkland’s from a “sell” rating to a “hold” rating in a report on Thursday, April 6th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $14.17.

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Shares of Kirkland’s (KIRK) traded down 1.07% during trading on Friday, reaching $9.25. The company had a trading volume of 194,381 shares. The stock has a market capitalization of $147.23 million, a price-to-earnings ratio of 16.82 and a beta of 1.27. The stock has a 50 day moving average of $9.62 and a 200 day moving average of $11.11. Kirkland’s has a 52-week low of $8.51 and a 52-week high of $17.41.

Large investors have recently modified their holdings of the stock. Texas Permanent School Fund raised its stake in Kirkland’s by 0.9% in the second quarter. Texas Permanent School Fund now owns 10,687 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 97 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of 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 period. Cigna Investments Inc. New purchased a new position in shares of Kirkland’s during the second quarter valued at approximately $138,000. Nationwide Fund Advisors increased its position in shares of 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 period. Finally, State of Tennessee Treasury Department increased its position in shares of 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 period. 88.62% of the stock is owned by institutional investors.

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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