Kirkland’s, Inc. (NASDAQ:KIRK – Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.03 and traded as high as $3.29. Kirkland’s shares last traded at $3.21, with a volume of 48,465 shares changing hands.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. StockNews.com upgraded shares of Kirkland’s from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Craig Hallum lifted their target price on Kirkland’s from $2.50 to $2.75 in a research report on Friday, June 9th.
Check Out Our Latest Stock Report on Kirkland’s
Kirkland’s Price Performance
Kirkland’s (NASDAQ:KIRK – Get Free Report) last announced its quarterly earnings data on Thursday, June 8th. The specialty retailer reported ($0.95) EPS for the quarter. Kirkland’s had a negative return on equity of 118.19% and a negative net margin of 9.94%. The company had revenue of $96.88 million for the quarter.
Hedge Funds Weigh In On Kirkland’s
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of Kirkland’s by 75,575.0% during the first quarter. Bank of America Corp DE now owns 9,081 shares of the specialty retailer’s stock worth $26,000 after buying an additional 9,069 shares in the last quarter. Shay Capital LLC acquired a new position in Kirkland’s in the fourth quarter valued at approximately $70,000. JPMorgan Chase & Co. boosted its holdings in Kirkland’s by 54.8% in the fourth quarter. JPMorgan Chase & Co. now owns 27,007 shares of the specialty retailer’s stock valued at $89,000 after purchasing an additional 9,560 shares in the last quarter. UBS Group AG boosted its holdings in Kirkland’s by 717.0% in the fourth quarter. UBS Group AG now owns 7,696 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 6,754 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in Kirkland’s in the fourth quarter valued at approximately $43,000. 16.58% of the stock is owned by institutional investors and hedge funds.
About Kirkland’s
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, and gifts.
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