Kirkland's (KIRK) : Nokomis Capital L.l.c. reduced its stake in Kirkland's by 7.74% during the most recent quarter end. The investment management company now holds a total of 1,523,564 shares of Kirkland's which is valued at $22,853,460 after selling 127,749 shares in Kirkland's , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Kirkland's makes up approximately 5.36% of Nokomis Capital L.l.c.’s portfolio.
Other Hedge Funds, Including , Tudor Investment Corp Et Al sold out all of its stake in KIRK during the most recent quarter. The investment firm sold 24,900 shares of KIRK which is valued $373,500. Bogle Investment Management L P De sold out all of its stake in KIRK during the most recent quarter. The investment firm sold 63,685 shares of KIRK which is valued $955,275.Teachers Advisors Inc boosted its stake in KIRK in the latest quarter, The investment management firm added 4,148 additional shares and now holds a total of 39,457 shares of Kirkland's which is valued at $591,855.Tiaa Cref Investment Management reduced its stake in KIRK by selling 13,855 shares or 21.73% in the most recent quarter. The Hedge Fund company now holds 49,911 shares of KIRK which is valued at $748,665.Teacher Retirement System Of Texas boosted its stake in KIRK in the latest quarter, The investment management firm added 264 additional shares and now holds a total of 2,178 shares of Kirkland's which is valued at $33,781.
Kirkland's opened for trading at $12.5 and hit $12.69 on the upside on Thursday, eventually ending the session at $12.6, with a gain of 0.56% or 0.07 points. The heightened volatility saw the trading volume jump to 1,80,293 shares. Company has a market cap of $199 M.
On the company’s financial health, Kirkland's reported $-0.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 23, 2016. Analyst had a consensus of $-0.20. The company had revenue of $123.00 million for the quarter, compared to analysts expectations of $125.54 million. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.
Many Wall Street Analysts have commented on Kirkland's. Kirkland's was Downgraded by Sidoti to ” Neutral” on Aug 23, 2016.
Kirkland’s Inc. is a retailer of home decor and gifts in the United States. As of January 31 2015 the Company operated 344 stores in 35 states as well as an e-commerce enabled Website. The Company’s stores present a line of merchandise including framed art mirrors wall decor candles and related items lamps decorative accessories accent furniture textiles garden-related accessories and artificial floral products. Its stores also offer an assortment of holiday merchandise during seasonal periods as well as items carried throughout the year suitable for gift-giving. Its stores operate under the names such as Kirkland’s Kirkland’s Home Kirkland’s Home Outlet Kirkland’s Outlet and The Kirkland Collection. The Company operates in metropolitan markets such as Houston Texas and Atlanta Georgia; middle markets such as Nashville Tennessee and Kansas City Missouri and smaller markets such as Lafayette Louisiana and Amarillo Texas.