Taking on analysts’ expectations and winning: Kirkland’s Inc. (KIRK)

Kirkland’s Inc. (NASDAQ: KIRK) stock jumped 3.24% on Wednesday to $3.82 against a previous-day closing price of $3.70. With 0.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.59 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $3.8200 whereas the lowest price it dropped to was $3.6501. The 52-week range on KIRK shows that it touched its highest point at $25.06 and its lowest point at $2.98 during that stretch. It currently has a 1-year price target of $9.83. Beta for the stock currently stands at 1.80.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KIRK was down-trending over the past week, with a drop of -6.14%, but this was up by 2.69% over a month. Three-month performance dropped to -19.07% while six-month performance fell -40.59%. The stock lost -84.27% in the past year, while it has lost -74.41% so far this year. A look at the trailing 12-month EPS for KIRK yields -1.22 with Next year EPS estimates of 0.24. For the next quarter, that number is -0.25. This implies an EPS growth rate of 414.00% for this year and 115.60% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 17.10%.

Float and Shares Shorts:

At present, 12.74 million KIRK shares are outstanding with a float of 11.44 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.13 million, which was 16.69% higher than short shares on Sep 14, 2022. In addition to Mr. Steve C. Woodward as the firm’s Pres, CEO & Director, Mr. Michael A. Holland serves as its Sr. VP & CTO.


Institutional Ownership:

Through their ownership of 58.48% of KIRK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 99.73% of KIRK, in contrast to 27.98% held by mutual funds. Shares owned by individuals account for 10.93%. As the largest shareholder in KIRK with 14.31% of the stake, Osmium Partners LLC holds 1,824,481 shares worth 1,824,481. A second-largest stockholder of KIRK, The Vanguard Group, Inc., holds 660,409 shares, controlling over 5.18% of the firm’s shares. US Bancorp Asset Management, Inc. is the third largest shareholder in KIRK, holding 310,000 shares or 2.43% stake. With a 3.60% stake in KIRK, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 458,478 shares are owned by the mutual fund manager. The Federated Hermes MDT Small Cap Gr, which owns about 1.64% of KIRK stock, is the second-largest Mutual Fund holder. It holds 208,820 shares valued at 0.79 million. Vanguard Extended Market Index Fu holds 1.41% of the stake in KIRK, owning 179,720 shares worth 0.68 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KIRK since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KIRK analysts setting a high price target of $15.00 and a low target of $4.50, the average target price over the next 12 months is $9.83. Based on these targets, KIRK could surge 292.67% to reach the target high and rise by 17.8% to reach the target low. Reaching the average price target will result in a growth of 157.33% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. KIRK will report FY 2023 earnings on 03/17/2023. Analysts have provided yearly estimates in a range of -$1.45 being high and -$2.91 being low. For KIRK, this leads to a yearly average estimate of -$1.97. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Kirkland’s Inc. surprised analysts by -$0.46 when it reported -$1.31 EPS against a consensus estimate of -$0.85. The surprise factor in the prior quarter was -$0.36. Based on analyst estimates, the high estimate for the next quarter is -$0.03 and the low estimate is -$0.45. The average estimate for the next quarter is thus -$0.25.

Summary of Insider Activity:

Insiders traded KIRK stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 50,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 432,951 while 201,370 shares were sold.

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