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

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

Separately, Benchmark reiterated 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 Up 2.7 %

KIRK opened at $1.52 on Tuesday. The firm’s fifty day simple moving average is $1.62 and its two-hundred day simple moving average is $1.71. Kirkland’s has a 52-week low of $1.39 and a 52-week 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 issued its quarterly earnings results on Friday, December 6th. The specialty retailer reported ($0.29) earnings per share for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Shay Capital LLC grew 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 valued at $189,000 after purchasing an additional 63,310 shares in the last quarter. PEAK6 LLC acquired a new position in Kirkland’s during the fourth quarter worth $379,000. Virtu Financial LLC purchased a new stake in Kirkland’s in the 4th quarter valued at $30,000. Dupree Financial Group LLC increased its stake 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 worth $76,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 during the period. 15.38% of the stock is owned by hedge funds and other institutional investors.

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.