Kirkland’s (NASDAQ:KIRK) Downgraded to “Sell” at StockNews.com

StockNews.com downgraded shares of Kirkland’s (NASDAQ:KIRK) from a hold rating to a sell rating in a research report report published on Monday.

Separately, Craig Hallum lifted their price target on Kirkland’s from $2.50 to $2.75 in a research report on Friday, June 9th.

Kirkland’s Price Performance

KIRK stock opened at $2.24 on Monday. The business has a 50 day moving average price of $2.80 and a 200 day moving average price of $2.87. The stock has a market cap of $28.93 million, a price-to-earnings ratio of -0.67 and a beta of 1.86. Kirkland’s has a fifty-two week low of $2.00 and a fifty-two week high of $4.87. The company has a quick ratio of 0.11, a current ratio of 0.89 and a debt-to-equity ratio of 1.83.

Kirkland’s (NASDAQ:KIRK) last posted its earnings results on Wednesday, September 6th. The specialty retailer reported ($1.51) earnings per share for the quarter, missing the consensus estimate of ($1.11) by ($0.40). The business had revenue of $89.50 million for the quarter. Kirkland’s had a negative return on equity of 189.84% and a negative net margin of 8.88%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in Kirkland’s by 9.3% during the second quarter. Renaissance Technologies LLC now owns 97,300 shares of the specialty retailer’s stock worth $271,000 after buying an additional 8,300 shares during the period. Bank of America Corp DE boosted its position in Kirkland’s by 75,575.0% during the first quarter. Bank of America Corp DE now owns 9,081 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 9,069 shares in the last quarter. Shay Capital LLC purchased a new stake in Kirkland’s during the fourth quarter worth $70,000. JPMorgan Chase & Co. lifted its position in shares of Kirkland’s by 54.8% in the fourth quarter. JPMorgan Chase & Co. now owns 27,007 shares of the specialty retailer’s stock valued at $89,000 after acquiring an additional 9,560 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Kirkland’s by 717.0% in the fourth quarter. UBS Group AG now owns 7,696 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 6,754 shares in the last quarter. Institutional investors and hedge funds own 15.77% of the company’s stock.

About Kirkland’s

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