Kirkland’s (NASDAQ:KIRK) Raised to “Strong-Buy” at Craig Hallum

Kirkland’s (NASDAQ:KIRK) was upgraded by equities researchers at Craig Hallum from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Benchmark restated a “buy” rating and set a $7.00 price target on shares of Kirkland’s in a research report on Wednesday, October 23rd.

Kirkland’s Stock Performance

NASDAQ KIRK opened at $1.52 on Tuesday. The firm has a market capitalization of $19.94 million, a P/E ratio of -0.95 and a beta of 2.44. The stock has a 50-day simple moving average of $1.62 and a two-hundred day simple moving average of $1.71. Kirkland’s has a fifty-two week low of $1.39 and a fifty-two week high of $3.00.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings results on Friday, December 6th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Shay Capital LLC increased its holdings in Kirkland’s by 118.7% in the 4th quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock worth $189,000 after acquiring an additional 63,310 shares in the last quarter. PEAK6 LLC acquired a new stake in shares of Kirkland’s in the fourth quarter valued at about $379,000. Virtu Financial LLC acquired a new stake in shares of Kirkland’s in the fourth quarter valued at about $30,000. Dupree Financial Group LLC increased its stake in shares of Kirkland’s by 47.3% during the fourth quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Kirkland’s by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after purchasing an additional 9,431 shares during the last quarter. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Kirkland’s Company Profile

Kirkland’s, Inc operates as a specialty retailer of home décor and furnishings in the United States. Its stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, outdoor, and gifts.