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

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

Kirkland’s Stock Down 0.6 %

KIRK traded down $0.01 on Friday, hitting $1.53. The company had a trading volume of 78,829 shares, compared to its average volume of 145,161. Kirkland’s has a 52-week low of $1.39 and a 52-week high of $3.54. The stock has a fifty day simple moving average of $1.60 and a 200-day simple moving average of $1.98. 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 firm has a market capitalization of $19.95 million, a P/E ratio of -0.80 and a beta of 2.36.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. StockNews.com lowered Kirkland’s from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. 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 report on Friday. Finally, Benchmark reiterated a “buy” rating and issued a $7.00 price target 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.