Kirkland’s (KIRK) Sets New 52-Week Low at $5.85
Kirkland’s, Inc. (NASDAQ:KIRK)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.85 and last traded at $5.89, with a volume of 2417 shares trading hands. The stock had previously closed at $6.10.
Several equities analysts have issued reports on KIRK shares. ValuEngine downgraded shares of Kirkland’s from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Kirkland’s from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, B. Riley restated a “buy” rating on shares of Kirkland’s in a research note on Monday, March 4th.
The firm has a market cap of $84.33 million, a P/E ratio of 15.45 and a beta of 0.96.
Large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of Kirkland’s in the fourth quarter valued at about $38,000. Oregon Public Employees Retirement Fund purchased a new position in Kirkland’s during the fourth quarter worth about $54,000. Brandywine Global Investment Management LLC purchased a new position in Kirkland’s during the fourth quarter worth about $79,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Kirkland’s during the fourth quarter worth about $123,000. Finally, Bank of America Corp DE raised its holdings in Kirkland’s by 151.8% during the fourth quarter. Bank of America Corp DE now owns 17,773 shares of the specialty retailer’s stock worth $170,000 after purchasing an additional 10,716 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.
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About Kirkland’s (NASDAQ:KIRK)
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, furniture, art, fragrance and accessories, ornamental wall décor, decorative accessories, mirrors, lamps, textiles, artificial floral products, gifts, housewares, outdoor living items, frames, and clocks.
Read More: Return on Investment (ROI)
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