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

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

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

Kirkland’s Stock Up 2.7 %

Kirkland’s stock opened at $1.52 on Tuesday. The stock has a 50-day moving average price of $1.62 and a 200 day moving average price of $1.71. The company has a market capitalization of $19.94 million, a price-to-earnings ratio of -0.95 and a beta of 2.44. Kirkland’s has a 52 week low of $1.39 and a 52 week high of $3.00.

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

Institutional Investors Weigh In On Kirkland’s

Several hedge funds have recently bought and sold shares of the stock. Wolverine Trading LLC acquired a new position in shares of Kirkland’s in the 3rd quarter valued at $26,000. Virtu Financial LLC purchased a new position in Kirkland’s in the fourth quarter valued at $30,000. Dupree Financial Group LLC increased its holdings in Kirkland’s by 47.3% in the fourth quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock valued at $76,000 after buying an additional 15,000 shares in the last quarter. Shay Capital LLC raised its position in shares of Kirkland’s by 118.7% in the fourth 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 during the period. Finally, Geode Capital Management LLC boosted its stake 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 acquiring an additional 9,431 shares in 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.