Kirkland’s (NASDAQ:KIRK) Announces Earnings Results

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

Kirkland’s Price Performance

Shares of NASDAQ:KIRK opened at $1.53 on Friday. The company has a market cap of $19.95 million, a P/E ratio of -0.80 and a beta of 2.39. The business has a fifty day simple moving average of $1.60 and a 200-day simple moving average of $1.98. Kirkland’s has a 52 week low of $1.39 and a 52 week high of $3.54. The company has a quick ratio of 0.10, a current ratio of 0.85 and a debt-to-equity ratio of 10.88.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KIRK shares. Craig Hallum decreased their price objective on Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a research note on Friday. StockNews.com cut shares of Kirkland’s from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Finally, Benchmark reissued a “buy” rating and issued a $7.00 price objective on shares of Kirkland’s in a research report on Friday, June 7th.

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, and gifts.