Kirkland’s, Inc. (NASDAQ:KIRK) dropped 8% on Thursday . The company traded as low as $1.85 and last traded at $1.85, approximately 649,081 shares traded hands during mid-day trading. An increase of 99% from the average daily volume of 326,820 shares. The stock had previously closed at $2.01.

KIRK has been the subject of a number of recent analyst reports. Sidoti set a $9.00 price objective on shares of Kirkland’s and gave the stock a “buy” rating in a report on Friday, May 24th. TheStreet lowered shares of Zumiez from a “b” rating to a “c+” rating in a report on Thursday, June 6th. Finally, B. Riley set a $2.00 price objective on shares of Kirkland’s and gave the stock a “hold” rating in a report on Friday, June 7th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $7.67.

The stock has a market cap of $28.19 million, a P/E ratio of 4.87 and a beta of 0.69. The business has a fifty day moving average of $2.83. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.11 and a quick ratio of 0.35.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Thursday, June 6th. The specialty retailer reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.17). Kirkland’s had a negative return on equity of 1.45% and a negative net margin of 0.67%. The firm had revenue of $129.60 million during the quarter, compared to analysts’ expectations of $132.37 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Kirkland’s’s revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts predict that Kirkland’s, Inc. will post -0.44 EPS for the current fiscal year.

In related news, CEO Steven C. Woodward bought 42,918 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $2.36 per share, for a total transaction of $101,286.48. Following the purchase, the chief executive officer now owns 167,954 shares in the company, valued at $396,371.44. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Charles Pleas III bought 100,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were bought at an average price of $2.39 per share, with a total value of $239,000.00. Following the completion of the purchase, the director now owns 112,000 shares in the company, valued at approximately $267,680. The disclosure for this purchase can be found here. 1.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Two Sigma Investments LP raised its stake in Kirkland’s by 1.0% during the 4th quarter. Two Sigma Investments LP now owns 197,079 shares of the specialty retailer’s stock valued at $1,878,000 after buying an additional 1,974 shares during the last quarter. Strs Ohio raised its stake in Kirkland’s by 3.9% during the 1st quarter. Strs Ohio now owns 58,000 shares of the specialty retailer’s stock valued at $407,000 after buying an additional 2,200 shares during the last quarter. White Pine Capital LLC raised its stake in Kirkland’s by 1.7% during the 1st quarter. White Pine Capital LLC now owns 164,900 shares of the specialty retailer’s stock valued at $1,159,000 after buying an additional 2,715 shares during the last quarter. California Public Employees Retirement System raised its stake in Kirkland’s by 3.0% during the 4th quarter. California Public Employees Retirement System now owns 95,638 shares of the specialty retailer’s stock valued at $911,000 after buying an additional 2,783 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Kirkland’s by 12.4% during the 4th quarter. First Trust Advisors LP now owns 26,780 shares of the specialty retailer’s stock valued at $255,000 after buying an additional 2,957 shares during the last quarter. Institutional investors and hedge funds own 99.59% of the company’s stock.

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.

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