Kirkland’s (NASDAQ:KIRK) Sees Large Volume Increase

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Shares of Kirkland’s, Inc. (NASDAQ:KIRK) saw unusually-strong trading volume on Friday . Approximately 2,147,531 shares traded hands during trading, an increase of 201% from the previous session’s volume of 713,789 shares.The stock last traded at $1.46 and had previously closed at $1.21.

Separately, ValuEngine raised Kirkland’s from a “hold” rating to a “buy” rating in a report on Friday, January 3rd.

The stock has a fifty day moving average of $1.32 and a 200-day moving average of $1.35. The company has a quick ratio of 0.09, a current ratio of 1.05 and a debt-to-equity ratio of 2.88. The firm has a market capitalization of $16.95 million, a P/E ratio of -0.59 and a beta of 0.64.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.50) by ($0.08). Kirkland’s had a negative net margin of 5.60% and a negative return on equity of 15.10%. The business had revenue of $144.94 million during the quarter. As a group, analysts forecast that Kirkland’s, Inc. will post -1.88 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in KIRK. KBC Group NV bought a new position in shares of Kirkland’s in the fourth quarter valued at about $38,000. Meeder Asset Management Inc. raised its holdings in shares of Kirkland’s by 1,345.6% in the third quarter. Meeder Asset Management Inc. now owns 25,819 shares of the specialty retailer’s stock valued at $40,000 after buying an additional 24,033 shares during the last quarter. DCF Advisers LLC bought a new position in shares of Kirkland’s in the fourth quarter valued at about $331,000. Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in shares of Kirkland’s by 72.6% in the third quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 231,750 shares of the specialty retailer’s stock valued at $357,000 after buying an additional 97,500 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Kirkland’s by 53.9% in the second quarter. Invesco Ltd. now owns 342,625 shares of the specialty retailer’s stock valued at $774,000 after buying an additional 119,966 shares during the last quarter. 61.86% of the stock is owned by institutional investors and hedge funds.

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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