Paradigm Capital Management Incny buys $16,446,804 stake in Kirkland's (KIRK)

Kirkland's (KIRK) : Paradigm Capital Management Incny scooped up 42,700 additional shares in Kirkland's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 1,060,400 shares of Kirkland's which is valued at $16,446,804.Kirkland's makes up approximately 1.86% of Paradigm Capital Management Incny’s portfolio.

Other Hedge Funds, Including , Systematic Financial Management Lp reduced its stake in KIRK by selling 2,205 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 80,749 shares of KIRK which is valued at $1,252,417. Kirkland's makes up approx 0.02% of Systematic Financial Management Lp’s portfolio.New York State Teachers Retirement System reduced its stake in KIRK by selling 400 shares or 5.57% in the most recent quarter. The Hedge Fund company now holds 6,787 shares of KIRK which is valued at $102,416.Foundry Partners boosted its stake in KIRK in the latest quarter, The investment management firm added 119,960 additional shares and now holds a total of 224,075 shares of Kirkland's which is valued at $3,484,366. Kirkland's makes up approx 0.33% of Foundry Partners’s portfolio.

Kirkland's closed down -0.39 points or -2.63% at $14.46 with 1,33,703 shares getting traded on Wednesday. Post opening the session at $14.81, the shares hit an intraday low of $14.41 and an intraday high of $14.81 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Kirkland's reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 24, 2016. Analyst had a consensus of $0.09. The company had revenue of $129.90 million for the quarter, compared to analysts expectations of $132.32 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

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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