Renaissance Technologies LLC trimmed its holdings in shares of Kirkland’s, Inc. (NASDAQ:KIRK) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 665,100 shares of the specialty retailer’s stock after selling 78,900 shares during the quarter. Renaissance Technologies LLC owned 4.25% of Kirkland’s worth $6,711,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP acquired a new position in Kirkland’s in the third quarter worth about $240,000. PEAK6 Investments LLC acquired a new position in Kirkland’s in the third quarter worth about $599,000. Stone Ridge Asset Management LLC grew its stake in Kirkland’s by 20.9% in the third quarter. Stone Ridge Asset Management LLC now owns 60,297 shares of the specialty retailer’s stock worth $608,000 after purchasing an additional 10,433 shares in the last quarter. Ancora Advisors LLC grew its stake in Kirkland’s by 13.6% in the third quarter. Ancora Advisors LLC now owns 72,817 shares of the specialty retailer’s stock worth $735,000 after purchasing an additional 8,717 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Kirkland’s by 60.7% in the third quarter. Russell Investments Group Ltd. now owns 82,583 shares of the specialty retailer’s stock worth $833,000 after purchasing an additional 31,204 shares in the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of KIRK stock opened at $10.01 on Friday. Kirkland’s, Inc. has a 52 week low of $6.78 and a 52 week high of $13.48. The company has a market capitalization of $152.59 million, a price-to-earnings ratio of 26.34 and a beta of 1.03.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Thursday, November 29th. The specialty retailer reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. Kirkland’s had a return on equity of 3.32% and a net margin of 0.38%. The company had revenue of $154.60 million during the quarter, compared to the consensus estimate of $152.93 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. Kirkland’s’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that Kirkland’s, Inc. will post 0.5 EPS for the current year.

KIRK has been the subject of a number of research reports. ValuEngine upgraded Kirkland’s from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. B. Riley set a $16.00 price target on Kirkland’s and gave the stock a “buy” rating in a research note on Friday, November 30th. Finally, Zacks Investment Research downgraded Kirkland’s from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th.

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Kirkland’s 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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Institutional Ownership by Quarter for Kirkland`s (NASDAQ:KIRK)

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