Kirkland's (KIRK) Stock Price Down 21.3%
Shares of Kirkland's, Inc. (NASDAQ:KIRK) dropped 21.3% during trading on Tuesday . The company traded as low as $9.30 and last traded at $9.36. Approximately 879,557 shares changed hands during mid-day trading, an increase of 573% from the average daily volume of 130,596 shares. The stock had previously closed at $11.89.
KIRK has been the subject of a number of analyst reports. Zacks Investment Research upgraded Kirkland's from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. B. Riley restated a “buy” rating and issued a $14.50 price target on shares of Kirkland's in a research report on Wednesday, November 22nd. Finally, KeyCorp restated a “buy” rating and issued a $14.00 price target on shares of Kirkland's in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Kirkland's has an average rating of “Buy” and an average target price of $12.00.
The company has a market cap of $149.71, a PE ratio of 19.92 and a beta of 1.06.
In other Kirkland's news, Director Gregory A. Sandfort bought 7,639 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average price of $13.12 per share, for a total transaction of $100,223.68. Following the completion of the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $26,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.80% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in Kirkland's by 20.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 66,631 shares of the specialty retailer’s stock valued at $684,000 after buying an additional 11,412 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of Kirkland's in the 3rd quarter valued at approximately $360,000. Foundry Partners LLC lifted its stake in shares of Kirkland's by 5.3% in the 3rd quarter. Foundry Partners LLC now owns 562,470 shares of the specialty retailer’s stock valued at $6,429,000 after purchasing an additional 28,450 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Kirkland's by 58.0% in the 3rd quarter. Prudential Financial Inc. now owns 38,285 shares of the specialty retailer’s stock valued at $438,000 after purchasing an additional 14,050 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Kirkland's by 9.6% in the 3rd quarter. California Public Employees Retirement System now owns 144,563 shares of the specialty retailer’s stock valued at $1,652,000 after purchasing an additional 12,663 shares during the last quarter. Institutional investors and hedge funds own 95.03% of the company’s stock.
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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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