Why did Kirkland's stock skyrocket 24% today?
Apr 13, 2022 · Only 5.60% of the stock of Kirkland's is held by insiders. Percentage Held by Institutions. 83.36% of the stock of Kirkland's is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next
Where can I buy Kirkland's'stock?
Dec 02, 2021 · Shares of furniture retailer Kirkland's ( KIRK 0.11% ) fell out of bed on Thursday, dropping a massive 30% in early trading. Driving the decline was the company's pre-market release of third ...
What is Kirkland's'(Kirkland's) price targets for next 12 months?
Dec 02, 2021 · Adding to the damage KIRK stock is suffering today is revenue of $143.6 million. That’s another miss compared to analysts’ revenue estimate of $146.13 million for the period. That also represents a...
Does Kirkland's stock have a track record of dividend growth?
Jul 17, 2017 · Kirkland’s has been incurring higher operating expenses for the last several quarters due to increase in store occupancy costs. The costs are …
Will Kirkland stock go back up?
The Kirkland stock price gained 4.08% on the last trading day (Wednesday, 13th Apr 2022), rising from $8.34 to $8.68....Predicted Opening Price for Kirkland of Thursday, April 14, 2022.Fair opening price April 14, 2022Current price$8.58$8.68 (Overvalued)
Is Kirkland a good stock to buy?
There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Kirkland's stock.
Does Kirkland brand have stock?
KIRK Stock Price | Kirkland's Inc. Stock Quote (U.S.: Nasdaq) | MarketWatch.
Why is Costco stock doing so well?
One of the reasons investors have been talking so much about Costco stock is because the company has done a fantastic job of growing and retaining those members. The company ended fiscal 2021 with 61.7 million paid households -- an increase of 13% from just two years earlier.Jan 4, 2022
Is Kirkland owned by Costco?
Kirkland Signature This label, familiar to Costco shoppers, is actually the company's house brand and a Costco subsidiary. It produces dozens of products under the Kirkland Signature brand name, including groceries and packaged food items.
How much is Kirkland gold stock today?
Performance OutlookPrevious Close48.70Open49.11Bid49.71 x 0Ask49.74 x 0Day's Range49.09 - 50.663 more rows
Who is Kirk in Kirkland?
Kirk Kirkland is the Founder & Lead Pastor of Revive City Church. Kirk met his wife, Karen, at his home church in Dayton, OH where he served as an associate pastor for seven years. They moved to Cincinnati in December of 2012 to plant Revive.
How many Kirkland products are there?
A quarter of Costco's annual sales now reportedly come from its Kirkland product lines, which first hit store shelves in 1995. It's no surprise. Costco continually upped its array of Kirkland Signature products, currently numbering 364 individual items, according to Costco's website.
Is Costco a good stock to buy 2021?
Costco currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.Jan 3, 2022
Is Costco a buy now?
Costco lands a Zacks Rank #3 (Hold) right now, alongside an “A” grade for Growth and a “B” for Momentum in our Style Scores system. Some investors might decide they want to buy the relatively unique retail stock at a discount before its earnings.Feb 28, 2022
Is Costco a Buy Sell or Hold?
Costco Wholesale has received a consensus rating of Buy. The company's average rating score is 2.81, and is based on 21 buy ratings, 5 hold ratings, and no sell ratings.
Is Kirkland's a buy right now?
3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kirkland's in the last twelve months. There are currently 1 hold...
How has Kirkland's' stock price been impacted by COVID-19?
Kirkland's' stock was trading at $1.03 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO)....
When is Kirkland's' next earnings date?
Kirkland's is scheduled to release its next quarterly earnings announcement on Thursday, March 17th 2022. View our earnings forecast for Kirkland's .
How can I listen to Kirkland's' earnings call?
Kirkland's will be holding an earnings conference call on Thursday, March 17th at 9:00 AM Eastern. Interested parties can register for or listen to...
How were Kirkland's' earnings last quarter?
Kirkland's, Inc. (NASDAQ:KIRK) announced its earnings results on Thursday, December, 2nd. The specialty retailer reported $0.51 EPS for the quarter...
What price target have analysts set for KIRK?
3 brokers have issued twelve-month price objectives for Kirkland's' stock. Their forecasts range from $15.00 to $30.00. On average, they expect Kir...
Who are Kirkland's' key executives?
Kirkland's' management team includes the following people: Steven C. Woodward , President, Chief Executive Officer & Director Nicole Allyson Stra...
What is W. Michael Madden's approval rating as Kirkland's' CEO?
191 employees have rated Kirkland's CEO W. Michael Madden on Glassdoor.com . W. Michael Madden has an approval rating of 58% among Kirkland's' emp...
Who are some of Kirkland's' key competitors?
Some companies that are related to Kirkland's include Williams-Sonoma (WSM) , RH (RH) , Bed Bath & Beyond (BBBY) , Aaron's (AAN) , Haverty Fur...
Key Points
The company reported earnings that fell short of expectations, but even worse, it warned that the fourth quarter would be bad, too.
NASDAQ: KIRK
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What happened
Shares of furniture retailer Kirkland's ( KIRK -3.69% ) fell out of bed on Thursday, dropping a massive 30% in early trading. Driving the decline was the company's pre-market release of third-quarter 2021 earnings. Investors were not happy with the numbers and were likely even less pleased with the company's outlook for the rest of 2021.
So what
Kirkland's reported sales of $143.6 million in the third quarter of 2021, down 2% from the same period in 2020. Notably, comparable-store sales were lower by 0.7%, a figure that includes a 7.3% increase in e-commerce sales. So its physical stores performed pretty badly during the quarter.
Now what
To understand the big picture here, you need to go back to the start of 2020. As working from home took off due to the pandemic, so did Kirkland's stock (it was up more than 1,000% in 2020). Sales improved in the final three quarters of 2020, but it's not unusual for the second half of the company's year to be seasonally strong.
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Why is Kirkland's operating expense higher?
Other Headwinds. Kirkland’s has been incurring higher operating expenses for the last several quarters due to increase in store occupancy costs. The costs are expected to further increase owing to aggressive expansion plans. Increased shipping, higher store payroll and benefits costs are a few other concerns as well.
Does Kirklands have e-commerce?
In order to catch up with the trend of buying online, Kirkland’s has been focusing on upgrading its e-Commerce business. To this end, management has redesigned and leveraged the rollout of new information systems to improve online purchase and planning execution.
The home furnishing retailer reported strong third-quarter results
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of Kirkland's ( NASDAQ:KIRK) have skyrocketed today, up by 24% as of 1 p.m. EST, after the company reported strong third-quarter earnings. The results crushed profit expectations thanks to aggressive cost-cutting.
So what
Revenue in the fiscal third quarter was $146.6 million, slightly ahead of the consensus estimate of $145.5 million in sales. That resulted in adjusted earnings per share of $0.66, a blowout compared to the $0.30 per share that analysts were expecting the home furnishings retailer to lose on an adjusted basis.
Now what
Over the next two to three years, Kirkland's plans to expand direct sourcing while improving supply chain efficiencies and lowering occupancy costs. These initiatives should help improve gross margin and streamline operations. Kirkland's is targeting a total store count of 300 to 350, compared to the current store count of 381.
