Renaissance Technologies LLC increased its holdings in shares of Kirkland’s, Inc. (NASDAQ:KIRK) by 38.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 744,000 shares of the specialty retailer’s stock after buying an additional 207,700 shares during the period. Renaissance Technologies LLC owned about 4.74% of Kirkland’s worth $8,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in KIRK. Acadian Asset Management LLC lifted its position in shares of Kirkland’s by 92.2% during the 2nd quarter. Acadian Asset Management LLC now owns 255,720 shares of the specialty retailer’s stock valued at $2,977,000 after buying an additional 122,663 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Kirkland’s in the 1st quarter valued at $1,126,000. Algert Global LLC purchased a new position in Kirkland’s in the 2nd quarter valued at $1,324,000. Systematic Financial Management LP purchased a new position in Kirkland’s in the 2nd quarter valued at $1,180,000. Finally, Adams Asset Advisors LLC purchased a new position in Kirkland’s in the 2nd quarter valued at $1,063,000. Hedge funds and other institutional investors own 97.53% of the company’s stock.
Shares of KIRK stock opened at $9.69 on Monday. The firm has a market capitalization of $158.04 million, a price-to-earnings ratio of 25.50 and a beta of 1.22. Kirkland’s, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $13.48.
Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings results on Thursday, August 30th. The specialty retailer reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.04). Kirkland’s had a return on equity of 3.61% and a net margin of 0.45%. The company had revenue of $133.90 million for the quarter, compared to analysts’ expectations of $136.55 million. During the same quarter in the prior year, the firm earned ($0.24) EPS. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts forecast that Kirkland’s, Inc. will post 0.52 earnings per share for the current fiscal year.
A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Kirkland’s from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a report on Tuesday, July 31st. B. Riley set a $15.00 price objective on Kirkland’s and gave the company a “buy” rating in a report on Tuesday, August 28th. Finally, ValuEngine lowered Kirkland’s from a “buy” rating to a “hold” rating in a report on Thursday, August 30th.
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, framed arts, furniture, ornamental wall décor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items.
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