Kirkland’s’ (KIRK) “Buy” Rating Reiterated at Benchmark

Kirkland’s (NASDAQ:KIRK)‘s stock had its “buy” rating restated by research analysts at Benchmark in a report released on Wednesday, Benzinga reports. They presently have a $7.00 price objective on the specialty retailer’s stock. Benchmark’s price target would suggest a potential upside of 270.37% from the stock’s previous close.

Separately, Craig Hallum cut their target price on Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a research report on Friday, September 6th.

Kirkland’s Trading Down 4.5 %

Shares of Kirkland’s stock opened at $1.89 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.88 and a debt-to-equity ratio of 10.88. The firm has a market cap of $24.64 million, a price-to-earnings ratio of -0.99 and a beta of 2.38. The business has a fifty day simple moving average of $1.83 and a 200-day simple moving average of $1.84. Kirkland’s has a fifty-two week low of $1.39 and a fifty-two week high of $3.54.

Kirkland’s (NASDAQ:KIRK) last announced its earnings results on Thursday, September 5th. The specialty retailer reported ($1.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.31) by $0.20. The company had revenue of $86.29 million for the quarter. Kirkland’s had a negative return on equity of 870.01% and a negative net margin of 4.26%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KIRK. Dupree Financial Group LLC increased its holdings in shares of Kirkland’s by 28.3% in the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after purchasing an additional 7,000 shares during the period. PEAK6 Investments LLC acquired a new position in Kirkland’s in the 1st quarter valued at approximately $564,000. Finally, Quadrature Capital Ltd purchased a new stake in Kirkland’s in the 4th quarter worth approximately $42,000. 15.38% of the stock is owned by institutional investors and hedge funds.

About Kirkland’s

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, outdoor, and gifts.