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

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

Kirkland’s Stock Performance

Shares of NASDAQ:KIRK traded down $0.01 on Friday, reaching $1.53. The company’s stock had a trading volume of 78,829 shares, compared to its average volume of 145,161. The company has a debt-to-equity ratio of 10.88, a current ratio of 0.85 and a quick ratio of 0.10. Kirkland’s has a 52-week low of $1.39 and a 52-week high of $3.54. The stock’s 50-day moving average is $1.60 and its two-hundred day moving average is $1.98. The stock has a market capitalization of $19.95 million, a P/E ratio of -0.80 and a beta of 2.36.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com downgraded Kirkland’s from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Benchmark reaffirmed a “buy” rating and issued a $7.00 target price on shares of Kirkland’s in a report on Friday, June 7th. Finally, Craig Hallum decreased their target price on Kirkland’s from $2.50 to $2.00 and set a “hold” rating for the company in a research note on Friday.

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.