Kirkland’s (NASDAQ:KIRK) Posts Quarterly Earnings Results

Kirkland’s (NASDAQ:KIRK) posted its quarterly earnings results on Thursday. The specialty retailer reported ($1.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.31) by $0.20, Yahoo Finance reports. Kirkland’s had a negative net margin of 5.28% and a negative return on equity of 870.01%. The business had revenue of $86.29 million for the quarter.

Kirkland’s Price Performance

Shares of NASDAQ KIRK opened at $1.53 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.10 and a debt-to-equity ratio of 10.88. The stock has a market cap of $19.95 million, a price-to-earnings ratio of -0.80 and a beta of 2.39. The company’s 50-day moving average price is $1.60 and its 200 day moving average price is $1.98. Kirkland’s has a 52 week low of $1.39 and a 52 week high of $3.54.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KIRK. Benchmark restated a “buy” rating and set a $7.00 target price on shares of Kirkland’s in a research report on Friday, June 7th. StockNews.com cut Kirkland’s from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Finally, Craig Hallum dropped their price objective on Kirkland’s from $2.50 to $2.00 and set a “hold” rating for the company in a research note on Friday.

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, and gifts.