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

Benchmark reissued their buy rating on shares of Kirkland’s (NASDAQ:KIRK) in a report published on Wednesday, Benzinga reports. Benchmark currently has a $7.00 price target on the specialty retailer’s stock.

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

Kirkland’s Stock Down 3.9 %

Shares of KIRK stock opened at $1.98 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.11 and a debt-to-equity ratio of 10.88. Kirkland’s has a twelve month low of $1.39 and a twelve month high of $3.54. The stock has a 50 day moving average of $1.82 and a 200 day moving average of $1.84. The stock has a market cap of $25.82 million, a P/E ratio of -1.04 and a beta of 2.38.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings data on Thursday, September 5th. The specialty retailer reported ($1.11) EPS for the quarter, beating the consensus estimate 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 Investors Weigh In On Kirkland’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dupree Financial Group LLC raised its position in Kirkland’s by 28.3% in the third 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 purchased a new stake in shares of Kirkland’s in the 1st quarter valued at $564,000. Finally, Quadrature Capital Ltd acquired a new position in Kirkland’s during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 15.38% of the company’s stock.

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.