Kirkland’s (NASDAQ:KIRK) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Kirkland’s (NASDAQ:KIRK) released its earnings results on Thursday. The specialty retailer reported ($1.11) EPS for the quarter, topping analysts’ consensus estimates of ($1.31) by $0.20, Yahoo Finance reports. Kirkland’s had a negative net margin of 5.28% and a negative return on equity of 870.01%. The company had revenue of $86.29 million during the quarter.

Kirkland’s Stock Down 0.6 %

NASDAQ:KIRK opened at $1.53 on Friday. The company has a debt-to-equity ratio of 10.88, a current ratio of 0.85 and a quick ratio of 0.10. The company’s fifty day moving average price is $1.60 and its 200-day moving average price is $1.98. Kirkland’s has a 1-year low of $1.39 and a 1-year high of $3.54. The firm has a market capitalization of $19.95 million, a P/E ratio of -0.80 and a beta of 2.39.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on KIRK shares. Craig Hallum lowered their price objective on shares of Kirkland’s from $2.50 to $2.00 and set a “hold” rating for the company in a research note on Friday. StockNews.com downgraded Kirkland’s from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Finally, Benchmark reissued a “buy” rating and issued a $7.00 price objective on shares of Kirkland’s in a report on Friday, June 7th.

Kirkland’s Company Profile

Kirkland's, Inc operates as a specialty retailer of home décor and furnishings in the United States. Its stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, and gifts.