Insider Filing Worth Mentioning: Carl Kirkland just Unloaded 128,205 shares of Kirkland’s, Inc. (NASDAQ:KIRK), be careful if you are long!

November 25, 2016 - By Marie Mckinney

Insider Filing Worth Mentioning: Carl Kirkland just Unloaded 128,205 shares of Kirkland's, Inc. (NASDAQ:KIRK), be careful if you are long!

Carl Kirkland Insider Sell

Kirkland’s Inc’s director Carl Kirkland made a sale of 128,205 shares of the ‘s company in an open market trade dated 25/11/2016. The unloaded shares were sold at stock price per share of $14.5, for a total trade of $1,858,270. This is not his first insider trade, in the last month, he sold another 130,182 shares worth $1,779,942 USD. The dated 25/11/2016 transaction’s report which was filed with the U.S. Security and Exchange Commission is on hand here. Because it was a big one stocks unloading, it’s not likely to stay ignored one. Carl Kirkland right now owns 507,747 shares or 3.12% of the company’s market capitalization.

Kirkland’s, Inc. (NASDAQ:KIRK) Ratings Coverage

Out of 6 analysts covering Kirkland’s (NASDAQ:KIRK), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. $21.0 is the highest target while $16 is the lowest. The $17.50 average target is 14.08% above today’s ($15.34) stock price. Kirkland’s has been the topic of 7 analyst reports since September 4, 2015 according to StockzIntelligence Inc. Barrington Research maintained the stock with “Outperform” rating in Friday, November 20 report. The firm earned “Buy” rating on Wednesday, August 24 by SunTrust. The stock of Kirkland’s, Inc. (NASDAQ:KIRK) earned “Buy” rating by Suntrust Robinson on Wednesday, August 24. The firm has “Neutral” rating given on Tuesday, August 23 by Sidoti. The stock of Kirkland’s, Inc. (NASDAQ:KIRK) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, October 6. On Friday, September 4 the stock rating was upgraded by Zacks to “Hold”.

Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.51, from 0.84 in 2016Q1. The ratio improved, as 12 funds sold all Kirkland’s, Inc. shares owned while 44 reduced positions. 17 funds bought stakes while 30 increased positions. They now own 13.20 million shares or 2.12% less from 13.49 million shares in 2016Q1.

Prudential Fincl has 0% invested in the company for 44,235 shares. Gsa Capital Limited Liability Partnership has 107,929 shares for 0.09% of their US portfolio. Alphaone Inv Svcs Limited Liability Com has invested 1.51% of its portfolio in Kirkland’s, Inc. (NASDAQ:KIRK). Bank & Trust Of America De holds 0% or 1,195 shares in its portfolio. Guggenheim Cap has invested 0% of its portfolio in Kirkland’s, Inc. (NASDAQ:KIRK). Cortina Asset Mgmt Limited Liability Corporation owns 389,376 shares or 0.26% of their US portfolio. Royal Fincl Bank Of Canada has 50 shares for 0% of their US portfolio. Parametric Port Assocs Limited Liability Com reported 53,092 shares or 0% of all its holdings. Highbridge Cap Limited Liability Co accumulated 22,523 shares or 0.01% of the stock. Tfs Ltd Llc accumulated 64,547 shares or 0.17% of the stock. Moreover, Tiaa Cref Invest Management Ltd Liability Company has 0% invested in Kirkland’s, Inc. (NASDAQ:KIRK) for 49,911 shares. Art Advsrs Ltd Co holds 0.01% of its portfolio in Kirkland’s, Inc. (NASDAQ:KIRK) for 19,307 shares. Teachers Retirement System Of The State Of Kentucky holds 0% or 10,500 shares in its portfolio. Moreover, Us Bank & Trust De has 0% invested in Kirkland’s, Inc. (NASDAQ:KIRK) for 965 shares. California State Teachers Retirement Sys holds 0% of its portfolio in Kirkland’s, Inc. (NASDAQ:KIRK) for 30,935 shares.

Insider Transactions: Since September 15, 2016, the stock had 0 buys, and 11 sales for $3.04 million net activity. Another trade for 502 shares valued at $6,276 was sold by KIRKLAND CARL.

About 27,435 shares traded hands. Kirkland’s, Inc. (NASDAQ:KIRK) has declined 7.75% since April 22, 2016 and is downtrending. It has underperformed by 13.16% the S&P500.

Kirkland’s, Inc. is a specialty retailer of home decor and gifts in the United States. The company has a market cap of $242.80 million. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products. It has a 22.72 P/E ratio. The Company’s stores also offer a range of holiday merchandise during seasonal periods, as well as items carried throughout the year suitable for gift-giving.

According to Zacks Investment Research, “Kirklands Inc. is a leading specialty retailer of home decor in the United States. Their stores present a broad selection of distinctive merchandise, including framed art, mirrors, candles, lamps, picture frames, accent rugs, garden accessories and artificial floral products. Their stores also offer an extensive assortment of holiday merchandise, as well as items carried throughout the year suitable for giving as gifts.”

More recent Kirkland’s, Inc. (NASDAQ:KIRK) news were published by: Prnewswire.com which released: “Kirkland’s Reports Second Quarter 2016 Results” on August 23, 2016. Also Prnewswire.com published the news titled: “Kirkland’s Reports Fourth Quarter Sales” on February 04, 2016. Streetinsider.com‘s news article titled: “Form 8-K KIRKLAND’S, INC For: Nov 22” with publication date: November 22, 2016 was also an interesting one.

KIRK Company Profile

Kirkland’s, Inc., incorporated on January 22, 1981, is a specialty retailer of home decor and gifts in the United States. The Company’s merchandise categories include wall decor, art, mirrors, lamps, decorative accessories, accent furniture, textiles, fragrance and accessories, frames, housewares, impulse and personal accessories, outdoor living and artificial floral products. The Company’s stores also offer a range of holiday merchandise during seasonal periods, as well as items carried throughout the year suitable for gift-giving. The Company’s average stores generally carry approximately 4,700 Stock Keeping Units (SKUs). The Company’s stores operate under various names, such as Kirkland’s, Kirkland’s Home, Kirkland’s Home Outlet, Kirkland’s Outlet and The Kirkland Collection.

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