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

Craig Hallum upgraded shares of Kirkland’s (NASDAQ:KIRK) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

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

Kirkland’s Price Performance

NASDAQ KIRK opened at $1.52 on Tuesday. The company has a market cap of $19.94 million, a PE ratio of -0.95 and a beta of 2.44. The stock’s 50 day simple moving average is $1.62 and its 200-day simple moving average is $1.71. Kirkland’s has a 1-year low of $1.39 and a 1-year 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PEAK6 LLC purchased a new stake in Kirkland’s in the fourth quarter valued at $379,000. Geode Capital Management LLC raised its position in Kirkland’s by 7.7% in the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after purchasing an additional 9,431 shares during the period. Shay Capital LLC raised its position in Kirkland’s by 118.7% in the fourth quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock valued at $189,000 after purchasing an additional 63,310 shares during the period. Dupree Financial Group LLC raised its position 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 purchasing an additional 15,000 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Kirkland’s in the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 15.38% of the company’s stock.

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, outdoor, and gifts.