Kirkland’s (NASDAQ:KIRK) Posts Earnings Results, Beats Expectations By $0.20 EPS

Kirkland’s (NASDAQ:KIRK) issued its quarterly earnings results on Thursday. The specialty retailer reported ($1.11) earnings per share for the quarter, beating analysts’ consensus estimates 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%.

Kirkland’s Stock Performance

NASDAQ:KIRK traded down $0.02 during midday trading on Friday, reaching $1.53. 15,797 shares of the company traded hands, compared to its average volume of 144,794. Kirkland’s has a twelve month low of $1.39 and a twelve month high of $3.54. The firm has a market capitalization of $19.88 million, a price-to-earnings ratio of -0.81 and a beta of 2.39. The company has a debt-to-equity ratio of 10.88, a current ratio of 0.85 and a quick ratio of 0.10. The company has a fifty day moving average price of $1.60 and a 200 day moving average price of $1.99.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KIRK. Benchmark reiterated a “buy” rating and issued a $7.00 price target on shares of Kirkland’s in a report on Friday, June 7th. Craig Hallum lowered their price target on Kirkland’s from $2.50 to $2.00 and set a “hold” rating for the company in a report on Friday. Finally, StockNews.com lowered Kirkland’s from a “hold” rating to a “sell” rating 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.