Barrow Hanley Mewhinney & Strauss LLC raised its position in Kirkland’s, Inc. (NASDAQ:KIRK) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181,136 shares of the company’s stock after buying an additional 17,767 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Kirkland’s were worth $2,809,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Kirkland’s by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 115,195 shares of the company’s stock valued at $1,691,000 after buying an additional 1,725 shares during the last quarter. B. Riley Financial Inc. purchased a new position in Kirkland’s during the second quarter valued at approximately $238,000. Foundry Partners LLC increased its position in Kirkland’s by 18.6% in the third quarter. Foundry Partners LLC now owns 266,490 shares of the company’s stock valued at $3,246,000 after buying an additional 41,740 shares during the last quarter. California Public Employees Retirement System increased its position in Kirkland’s by 5.6% in the third quarter. California Public Employees Retirement System now owns 167,200 shares of the company’s stock valued at $2,036,000 after buying an additional 8,800 shares during the last quarter. Finally, Texas Permanent School Fund increased its position in Kirkland’s by 1.4% in the third quarter. Texas Permanent School Fund now owns 11,137 shares of the company’s stock valued at $136,000 after buying an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.
Shares of Kirkland’s, Inc. (NASDAQ:KIRK) traded down 0.60% during midday trading on Monday, reaching $11.56. 30,954 shares of the company’s stock were exchanged. The stock has a market cap of $183.79 million, a price-to-earnings ratio of 14.61 and a beta of 1.71. The firm has a 50 day moving average of $13.96 and a 200-day moving average of $13.79. Kirkland’s, Inc. has a one year low of $10.10 and a one year high of $18.19.
Kirkland’s (NASDAQ:KIRK) last posted its earnings results on Tuesday, November 22nd. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.05. Kirkland’s had a net margin of 2.22% and a return on equity of 10.96%. The firm had revenue of $138.20 million for the quarter, compared to the consensus estimate of $137.50 million. During the same period in the previous year, the firm posted ($0.02) EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts anticipate that Kirkland’s, Inc. will post $0.59 earnings per share for the current year.
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Several research firms recently commented on KIRK. Zacks Investment Research downgraded Kirkland’s from a “hold” rating to a “sell” rating in a research note on Tuesday, February 7th. B. Riley downgraded Kirkland’s from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research note on Thursday, December 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.40.
In other news, Director Carl Kirkland sold 40,736 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $15.06, for a total value of $613,484.16. Following the sale, the director now directly owns 467,011 shares in the company, valued at approximately $7,033,185.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 171,795 shares of company stock worth $2,406,182. Insiders own 10.50% of the company’s stock.
Kirkland’s Company Profile
Kirkland’s, Inc is a specialty retailer of home decor and gifts in the United States. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products.
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