B. Riley downgraded shares of Kirkland’s (NASDAQ:KIRK) from a buy rating to a neutral rating in a research note released on Wednesday, BenzingaRatingsTable reports. B. Riley currently has $6.50 price target on the specialty retailer’s stock, down from their previous price target of $12.00.

Separately, Zacks Investment Research upgraded shares of Kirkland’s from a hold rating to a strong-buy rating and set a $12.00 target price on the stock in a research report on Tuesday, January 29th.

KIRK stock traded down $0.25 during midday trading on Wednesday, hitting $4.81. 14,565 shares of the stock traded hands, compared to its average volume of 198,087. Kirkland’s has a 1-year low of $5.01 and a 1-year high of $13.48. The firm has a market cap of $74.94 million, a PE ratio of 12.64 and a beta of 0.86.

Kirkland’s (NASDAQ:KIRK) last announced its earnings results on Friday, March 15th. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.02). Kirkland’s had a net margin of 0.58% and a return on equity of 4.37%. The company had revenue of $216.10 million during the quarter, compared to analyst estimates of $222.68 million. During the same quarter last year, the business earned $0.79 EPS. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. Research analysts predict that Kirkland’s will post 0.17 EPS for the current year.

Several large investors have recently bought and sold shares of KIRK. Signia Capital Management LLC lifted its stake in shares of Kirkland’s by 63.7% in the fourth quarter. Signia Capital Management LLC now owns 683,337 shares of the specialty retailer’s stock worth $6,512,000 after buying an additional 265,972 shares in the last quarter. Divisar Capital Management LLC lifted its stake in shares of Kirkland’s by 20.0% in the fourth quarter. Divisar Capital Management LLC now owns 1,411,688 shares of the specialty retailer’s stock worth $13,453,000 after buying an additional 235,332 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Kirkland’s in the fourth quarter worth about $1,529,000. 22NW LP purchased a new position in shares of Kirkland’s in the fourth quarter worth about $949,000. Finally, Paradigm Capital Management Inc. NY lifted its stake in shares of Kirkland’s by 8.3% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,072,800 shares of the specialty retailer’s stock worth $7,542,000 after buying an additional 82,075 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Kirkland’s Company 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, furniture, art, fragrance and accessories, ornamental wall décor, decorative accessories, mirrors, lamps, textiles, artificial floral products, gifts, housewares, outdoor living items, frames, and clocks.

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