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

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

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

Kirkland’s Trading Up 2.7 %

KIRK stock opened at $1.52 on Tuesday. The firm has a 50-day moving average of $1.62 and a two-hundred day moving average of $1.71. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.00. The company has a market cap of $19.94 million, a price-to-earnings ratio of -0.95 and a beta of 2.44.

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

Institutional Trading of Kirkland’s

Hedge funds and other institutional investors have recently bought and sold shares of the business. PEAK6 LLC purchased a new stake in Kirkland’s during the fourth quarter worth approximately $379,000. Shay Capital LLC raised its holdings in Kirkland’s by 118.7% during the fourth quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock worth $189,000 after purchasing an additional 63,310 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Kirkland’s during the 4th quarter worth approximately $30,000. Dupree Financial Group LLC boosted its holdings in shares of Kirkland’s by 47.3% in the 4th 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. Finally, Wolverine Trading LLC purchased a new position in shares of Kirkland’s in the 3rd quarter valued at $26,000. 15.38% of the stock is currently owned by institutional investors and hedge funds.

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.