Kirkland’s (NASDAQ:KIRK) Issues FY 2019 Earnings Guidance

Kirkland’s (NASDAQ:KIRK) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.00-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.18. Kirkland’s also updated its FY20 guidance to $0.00-0.15 EPS.

Several analysts have recently weighed in on the company. TheStreet downgraded Kirkland’s from a c rating to a d rating in a research report on Thursday, June 6th. Sidoti set a $9.00 target price on Kirkland’s and gave the stock a buy rating in a report on Friday, May 24th. Finally, B. Riley cut Kirkland’s from a buy rating to a neutral rating and cut their price objective for the company from $12.00 to $6.50 in a research report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $7.67.

NASDAQ:KIRK traded up $0.01 during trading hours on Friday, hitting $2.26. The company had a trading volume of 1,767,500 shares, compared to its average volume of 320,793. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 1.91. The business’s 50-day moving average price is $3.59. The firm has a market capitalization of $32.14 million, a P/E ratio of 5.95 and a beta of 1.11. Kirkland’s has a 1 year low of $2.02 and a 1 year high of $12.26.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings results on Thursday, June 6th. The specialty retailer reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.17). Kirkland’s had a negative return on equity of 1.45% and a negative net margin of 0.67%. The company had revenue of $129.60 million for the quarter, compared to analysts’ expectations of $132.37 million. During the same quarter last year, the company earned ($0.06) EPS. Kirkland’s’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities analysts expect that Kirkland’s will post -0.44 earnings per share for the current year.

In other Kirkland’s news, CEO Steven C. Woodward acquired 42,918 shares of the stock in a transaction dated Monday, June 10th. The stock was acquired at an average price of $2.36 per share, with a total value of $101,286.48. Following the completion of the transaction, the chief executive officer now directly owns 167,954 shares in the company, valued at $396,371.44. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Charles Pleas III acquired 100,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of $2.39 per share, with a total value of $239,000.00. Following the transaction, the director now owns 112,000 shares of the company’s stock, valued at $267,680. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company’s stock.

Kirkland’s Company Profile

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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Earnings History and Estimates for Kirkland`s (NASDAQ:KIRK)

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