Renaissance Technologies LLC recently announced the acquisition of new stake in Kirkland’s Inc. (NASDAQ:KIRK). The institutional investor has increased its shareholding in the Consumer Cyclical company by 8.71% to 1.12 million shares with purchase of 89900.0 shares. This fresh investment now brings its stake to 8.01% valued currently at $6.04 million. In addition, Osmium Partners LLC raised its holdings by 1.08 million to 1.08 million shares.
With over 6.14 million Kirkland’s Inc. (KIRK) shares trading Monday and a closing price of $8.67 on the day, the dollar volume was approximately $53.2 million. The shares have shown a negative weekly performance of -14.83% and its price on 08/31/20 gained nearly 14.08%. Currently, there are 13.99M common shares owned by the public and among those 13.01M shares have been available to trade.
The analysts have set the share’s price value over the next 12 months at a high of $4.00 and a low of $4.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Kirkland’s Inc. stock is 1.00 for the next 12 months. But an upside of -116.75% will see the stock hit the forecast high price target while mean target price for the stock is $4.00.
Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 740,807 shares. Insider sales of the common stock occurred on 9 occasions, with total insider shares sold totaling 30,428 shares.
The top 3 mutual fund holders in Kirkland’s Inc. are Small Cap Value Fund, Inc., Invesco FTSE RAFI US 1500 Small M, and Vanguard Extended Market Index Fu. Small Cap Value Fund, Inc. owns 0.39 million shares of the company’s stock, all valued at over $2.1 million. The company bought an additional 0.24 million shares recently to bring their total holdings to about 2.79% of the shares outstanding. Invesco FTSE RAFI US 1500 Small M sold 1042.0 shares to see its total holdings shrink to 0.26 million shares valued at over $1.38 million and representing 1.84% of the shares outstanding. Vanguard Extended Market Index Fu now owns shares totaling to 1.63% of the shares outstanding.
Shares of Kirkland’s Inc. (NASDAQ: KIRK) opened at $7.75, up $0.15 from a prior closing price of $7.60. However, the script later closed the day at $8.67, up 14.08%. The company’s stock has a 5-day price change of -14.83% and 647.41% over the past three months. KIRK shares are trading 599.19% year to date (YTD), with the 12-month market performance up to 489.80% higher. It has a 12-month low price of $0.56 and touched a high of $13.58 over the same period. Currently, 6.14 million shares have been traded, compared to an average intraday trading volume of 1.98 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.70%, 64.77%, and 300.02% respectively.
Institutional ownership of Kirkland’s Inc. (NASDAQ: KIRK) shares accounts for 40.40% of the company’s 13.99M shares outstanding. Mutual fund holders own 78.05%, while other institutional holders and individual stakeholders account for 9.33% and 31.06% respectively.
It has a market capitalization of $109.50M and a beta (3y monthly) value of 1.69. The earnings-per-share (ttm) stands at -$3.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 27.77% over the week and 18.99% over the month.
Analysts forecast that Kirkland’s Inc. (KIRK) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2022. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.95 a year ago. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -42.00% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Kirkland’s Inc. (KIRK) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the KIRK, a number of firms have released research notes about the stock. B. Riley FBR stated their Neutral rating for the stock in a research note on May 15, 2019, with the firm’s price target at $12-$6.50. KeyBanc Capital Mkts coverage for the Kirkland’s Inc. (KIRK) stock in a research note released on January 07, 2019 offered a Sector Weight rating with a price target of. B. Riley FBR Inc. was of a view on February 21, 2018 that the stock is Buy, while Sidoti gave the stock Buy rating on August 22, 2017, issuing a price target of. Sidoti on their part issued Neutral rating on August 23, 2016.