Kirkland’s (NASDAQ:KIRK) Stock Rating Reaffirmed by Benchmark

Kirkland’s (NASDAQ:KIRK)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $7.00 target price on the specialty retailer’s stock. Benchmark’s target price points to a potential upside of 251.76% from the company’s previous close.

Separately, 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 report on Friday, September 6th.

Kirkland’s Trading Down 3.4 %

Shares of NASDAQ KIRK traded down $0.07 during midday trading on Wednesday, hitting $1.99. The company’s stock had a trading volume of 84,600 shares, compared to its average volume of 144,296. Kirkland’s has a 12-month low of $1.39 and a 12-month high of $3.54. The company has a current ratio of 0.88, a quick ratio of 0.11 and a debt-to-equity ratio of 10.88. The firm has a market cap of $25.95 million, a P/E ratio of -1.04 and a beta of 2.38. The business’s 50 day moving average is $1.81 and its two-hundred day moving average is $1.84.

Kirkland’s (NASDAQ:KIRK) last released its earnings results on Thursday, September 5th. The specialty retailer reported ($1.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.31) by $0.20. The business 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%.

Hedge Funds Weigh In On Kirkland’s

Institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in Kirkland’s in the fourth quarter worth about $42,000. Dupree Financial Group LLC lifted its position 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 worth $69,000 after purchasing an additional 7,000 shares during the period. Finally, PEAK6 Investments LLC bought a new position in shares of Kirkland’s during the first quarter valued at approximately $564,000. Hedge funds and other institutional investors own 15.38% of the company’s stock.

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, outdoor, and gifts.