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B.Riley FBR analyst Jeff Van Sinderen maintained a Buy rating on Kirkland’s (NASDAQ: KIRK) today and set a price target of $13.50. The company’s shares opened today at $11.04.
Van Sinderen commented:
“Kirkland’s (KIRK) reports 1Q results BMO 5/31. Aside from the much-discussed unfavorable weather (particularly for seasonal merchandise) and the calendar shift, we see 1Q as a transitional Q, as new management hones its plan and begins to execute. Overall, we do not expect much to be victorious in 1Q and we cannot rule out downside in some metrics, as new management takes action in ways that potentially could result in some transitional P&L elements. We remind that former CEO Mike Madden resigned from his position effective 4/5 and EVP and COO Michael Cairnes was acting CEO for less than a month when 1Q ended. Hence, what we are seeing in stores and the resulting business is the product of prior management.”
According to TipRanks.com, Sinderen is a 1-star analyst with an average return of -2.1% and a 46.8% success rate. Sinderen covers the Services sector, focusing on stocks such as Tilly’s Inc, Zumiez Inc, and JC Penney.
Kirkland’s has an analyst consensus of Moderate Buy, with a price target consensus of $13.50.
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Kirkland’s’ market cap is currently $169.4M and has a P/E ratio of 34.19. The company has a Price to Book ratio of 1.20.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KIRK in relation to earlier this year. Last month, Michael W. Madden, the Former President and CEO of KIRK bought 20,834 shares for a total of $23,126.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Kirkland’s, Inc. is a retailer of home decor and gifts in the United States. Its stores present a selection 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.
