Kirkland’s (NASDAQ:KIRK) Trading 11.7% Higher

Kirkland’s, Inc. (NASDAQ:KIRK) rose 11.7% during trading on Thursday . The company traded as high as $9.24 and last traded at $9.17. Approximately 2,143,253 shares traded hands during trading, an increase of 68% from the average daily volume of 1,272,610 shares. The stock had previously closed at $8.21.

Separately, ValuEngine downgraded shares of Kirkland’s from a “buy” rating to a “hold” rating in a research report on Friday, July 10th.

The company has a fifty day simple moving average of $8.22 and a two-hundred day simple moving average of $3.52. The company has a market capitalization of $116.98 million, a P/E ratio of -2.91 and a beta of 1.88.

Kirkland’s (NASDAQ:KIRK) last announced its earnings results on Thursday, September 3rd. The specialty retailer reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.88) by $0.90. Kirkland’s had a negative net margin of 7.91% and a negative return on equity of 24.39%. The firm had revenue of $124.72 million for the quarter.

In other Kirkland’s news, Director Steven J. Collins purchased 36,000 shares of the stock in a transaction on Friday, July 10th. The shares were purchased at an average price of $2.93 per share, with a total value of $105,480.00. Following the acquisition, the director now directly owns 89,224 shares of the company’s stock, valued at approximately $261,426.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have acquired 39,000 shares of company stock worth $129,060 in the last quarter. Corporate insiders own 4.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. raised its stake in shares of Kirkland’s by 1,100.0% in the 1st quarter. Sunbelt Securities Inc. now owns 26,400 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 24,200 shares during the period. UBS Group AG lifted its holdings in shares of Kirkland’s by 220.2% in the 1st quarter. UBS Group AG now owns 55,242 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 37,987 shares in the last quarter. Jane Street Group LLC acquired a new stake in Kirkland’s in the 2nd quarter valued at $59,000. Jefferies Group LLC acquired a new stake in Kirkland’s in the 2nd quarter valued at $77,000. Finally, Invesco Ltd. increased its stake in Kirkland’s by 322.1% during the 1st quarter. Invesco Ltd. now owns 295,207 shares of the specialty retailer’s stock valued at $229,000 after purchasing an additional 225,262 shares in the last quarter. Institutional investors and hedge funds own 40.23% of the company’s stock.

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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