Kirkland's (KIRK) is Downgraded by Sidoti to Neutral

Kirkland's (KIRK) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Aug 23, 2016.

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.

Kirkland's closed down -0.06 points or -0.40% at $14.77 with 1,48,331 shares getting traded on Friday. Post opening the session at $14.75, the shares hit an intraday low of $14.665 and an intraday high of $15.23 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Jun 27, 2016, Wilson R Iii Orr (director) sold 5,000 shares at $15.00 per share price. According to the SEC, on Jul 22, 2015, Robert E Alderson (director) sold 9,005 shares at $27.48 per share price. On Jun 19, 2015, W Michael Madden (President and CEO) sold 12,000 shares at $25.86 per share price, according to the Form-4 filing with the securities and exchange commission.

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.


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