Kirkland’s Inc. (NASDAQ: KIRK) Has Dropped -79.27% So Far This Year. Does That Mean Trouble Ahead? – Marketing Sentinel
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Kirkland’s Inc. (NASDAQ: KIRK) Has Dropped -79.27% So Far This Year. Does That Mean Trouble Ahead?

During the last session, Kirkland’s Inc. (NASDAQ:KIRK)’s traded shares were 11.3 million, with the beta value of the company hitting 1.98. At the end of the trading day, the stock’s price was $4.69, reflecting an intraday gain of 23.75% or $0.9. The 52-week high for the KIRK share is $27.22, that puts it down -480.38 from that peak though still a striking 29.21% gain since the share price plummeted to a 52-week low of $3.32. The company’s market capitalization is $55.11M, and the average trade volume was 408.31K shares over the past three months.

Kirkland’s Inc. (KIRK) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. KIRK has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.2.

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Kirkland’s Inc. (NASDAQ:KIRK) trade information

Kirkland’s Inc. (KIRK) registered a 23.75% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 23.75% in intraday trading to $4.69 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 18.14%, and it has moved by -26.37% in 30 days. Based on these gigs, the overall price performance for the year is -79.27%.

The consensus price target of analysts on Wall Street is $11.00, which implies an increase of 57.36% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.00 and $15.00 respectively. As a result, KIRK is trading at a discount of -219.83% off the target high and -27.93% off the low.

Kirkland’s Inc. (KIRK) estimates and forecasts

Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -281.80% this quarter and then drop -750.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.30% compared to the previous financial year.

Revenue for the current quarter is expected to be $111.12 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $112.19 million by the end of Jul 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 17.10%. While earnings are projected to return 414.00% in 2022, the next five years will return 5.00% per annum.

KIRK Dividends

Kirkland’s Inc. is due to release its next quarterly earnings between March 10 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Kirkland’s Inc. (NASDAQ:KIRK)’s Major holders

Kirkland’s Inc. insiders own 9.38% of total outstanding shares while institutional holders control 79.14%, with the float percentage being 87.34%. Osmium Partners, LLC is the largest shareholder of the company, while 119 institutions own stock in it. As of Mar 30, 2022, the company held over 1.67 million shares (or 13.16% of all shares), a total value of $15.56 million in shares.

The next largest institutional holding, with 1.24 million shares, is of Paradigm Capital Management’s that is approximately 9.77% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $18.56 million.

Also, the Mutual Funds coming in first place with the largest holdings of Kirkland’s Inc. (KIRK) shares are Vanguard Total Stock Market Index Fund and Royce Opportunity Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.37 million shares. This amounts to just over 2.90 percent of the company’s overall shares, with a $5.5 million market value. The same data shows that the other fund manager holds slightly less at 0.35 million, or about 2.74% of the stock, which is worth about $5.22 million.

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