Kirkland’s (NASDAQ:KIRK) Given New $15.00 Price Target at Benchmark

Kirkland’s (NASDAQ:KIRKGet Rating) had its target price dropped by Benchmark from $25.00 to $15.00 in a note issued to investors on Wednesday, The Fly reports. Benchmark’s price target would suggest a potential upside of 108.62% from the company’s current price.

Several other research firms have also commented on KIRK. Craig Hallum reaffirmed a “hold” rating and set a $15.00 price target (down previously from $30.00) on shares of Kirkland’s in a research report on Thursday, March 10th. StockNews.com initiated coverage on Kirkland’s in a research report on Thursday, March 31st. They issued a “hold” rating on the stock.

Shares of NASDAQ:KIRK opened at $7.19 on Wednesday. Kirkland’s has a 52-week low of $6.66 and a 52-week high of $29.34. The stock has a market cap of $91.53 million, a P/E ratio of 4.58 and a beta of 1.77. The business has a fifty day moving average of $8.91 and a two-hundred day moving average of $14.57.

Kirkland’s (NASDAQ:KIRKGet Rating) last announced its quarterly earnings data on Thursday, March 17th. The specialty retailer reported $0.84 earnings per share (EPS) for the quarter. Kirkland’s had a net margin of 3.95% and a return on equity of 23.94%. The firm had revenue of $176.19 million during the quarter.

In other news, CFO Nicole Allyson Strain sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $11.30, for a total value of $135,600.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 7.80% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of Kirkland’s by 4,576.0% in the second quarter. Royal Bank of Canada now owns 1,169 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 1,144 shares in the last quarter. Morgan Stanley grew its stake in shares of Kirkland’s by 26.2% in the second quarter. Morgan Stanley now owns 230,876 shares of the specialty retailer’s stock worth $5,282,000 after acquiring an additional 47,914 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Kirkland’s during the third quarter worth $103,000. BlackRock Inc. raised its stake in shares of Kirkland’s by 0.8% in the third quarter. BlackRock Inc. now owns 907,374 shares of the specialty retailer’s stock valued at $17,430,000 after acquiring an additional 7,452 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in Kirkland’s by 4,433.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,312 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 2,261 shares during the period. 77.92% of the stock is currently owned by hedge funds and other institutional investors.

Kirkland’s Company Profile (Get Rating)

Kirkland's, Inc operates as a specialty retailer of home furnishings décor in the United States. The company's stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, and gifts.

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