Wall Street analysts expect Kirkland's, Inc. (NASDAQ:KIRK) to announce sales of $221.85 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Kirkland's’ earnings, with the lowest sales estimate coming in at $220.40 million and the highest estimate coming in at $223.30 million. Kirkland's reported sales of $203.16 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.2%. The company is expected to report its next quarterly earnings results on Friday, March 9th.

On average, analysts expect that Kirkland's will report full-year sales of $221.85 million for the current financial year, with estimates ranging from $629.90 million to $632.80 million. For the next fiscal year, analysts anticipate that the company will report sales of $649.78 million per share, with estimates ranging from $648.80 million to $650.76 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Kirkland's.

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Kirkland's (NASDAQ:KIRK) last issued its quarterly earnings data on Tuesday, November 21st. The specialty retailer reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $144.98 million for the quarter, compared to analysts’ expectations of $142.31 million. Kirkland's had a return on equity of 5.93% and a net margin of 1.14%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) EPS.

Several analysts have recently weighed in on the stock. B. Riley restated a “buy” rating and set a $14.50 price objective on shares of Kirkland's in a research report on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Kirkland's from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd. Finally, KeyCorp reiterated a “buy” rating and issued a $14.00 price target on shares of Kirkland's in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $12.50.

Shares of Kirkland's (NASDAQ KIRK) traded up $0.04 during trading hours on Friday, hitting $12.04. 41,208 shares of the stock traded hands, compared to its average volume of 115,828. The stock has a market cap of $192.57, a P/E ratio of 25.62 and a beta of 1.26. Kirkland's has a twelve month low of $8.17 and a twelve month high of $15.50.

In other Kirkland's news, Director Gregory A. Sandfort purchased 7,639 shares of Kirkland's stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average price of $13.12 per share, for a total transaction of $100,223.68. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $26,240. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in KIRK. JPMorgan Chase & Co. increased its stake in Kirkland's by 1,103.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,998 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 9,167 shares during the period. Voya Investment Management LLC acquired a new position in Kirkland's in the 2nd quarter valued at $105,000. Tudor Investment Corp ET AL acquired a new position in Kirkland's in the 2nd quarter valued at $112,000. Crossmark Global Holdings Inc. acquired a new position in Kirkland's in the 3rd quarter valued at $169,000. Finally, Connors Investor Services Inc. increased its stake in Kirkland's by 12.4% in the 2nd quarter. Connors Investor Services Inc. now owns 18,177 shares of the specialty retailer’s stock valued at $187,000 after buying an additional 2,000 shares during the period. 93.91% of the stock is currently owned by institutional investors.

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

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