Shares of Kirkland’s, Inc. (NASDAQ:KIRK) shot up 7.8% on Thursday . The company traded as high as $1.40 and last traded at $1.38, 562,423 shares changed hands during mid-day trading. An increase of 30% from the average session volume of 431,722 shares. The stock had previously closed at $1.28.

A number of brokerages have recently weighed in on KIRK. ValuEngine lowered Kirkland’s from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Sidoti set a $5.00 price objective on Kirkland’s and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, B. Riley cut their price objective on Kirkland’s from $1.80 to $1.40 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $6.13.

The company has a quick ratio of 0.17, a current ratio of 0.95 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $18.47 million, a P/E ratio of 3.63 and a beta of 0.71. The company has a 50-day moving average of $1.44 and a two-hundred day moving average of $2.33.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Thursday, September 5th. The specialty retailer reported ($1.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by ($0.38). Kirkland’s had a negative net margin of 2.36% and a negative return on equity of 8.67%. The firm had revenue of $119.90 million for the quarter, compared to the consensus estimate of $124.83 million. During the same quarter in the prior year, the firm earned ($0.40) earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities analysts expect that Kirkland’s, Inc. will post -1.46 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KIRK. Adams Asset Advisors LLC boosted its position in shares of Kirkland’s by 30.2% during the second quarter. Adams Asset Advisors LLC now owns 146,274 shares of the specialty retailer’s stock valued at $330,000 after purchasing an additional 33,898 shares in the last quarter. 6 Meridian boosted its position in shares of Kirkland’s by 12.1% during the second quarter. 6 Meridian now owns 72,691 shares of the specialty retailer’s stock valued at $164,000 after purchasing an additional 7,845 shares in the last quarter. Foundry Partners LLC boosted its holdings in Kirkland’s by 13.1% in the second quarter. Foundry Partners LLC now owns 606,470 shares of the specialty retailer’s stock worth $1,371,000 after acquiring an additional 70,375 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Kirkland’s by 101.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 97,780 shares of the specialty retailer’s stock worth $221,000 after acquiring an additional 49,310 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its holdings in Kirkland’s by 27.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,368,100 shares of the specialty retailer’s stock worth $3,092,000 after acquiring an additional 295,300 shares in the last quarter. Institutional investors own 90.80% 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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