Insider Holder Move: The Insider, Carl Kirkland Unloaded 40,736 Shares of Kirkland’s, Inc. (NASDAQ:KIRK)

November 25, 2016 - By Marie Mckinney

Insider Holder Move: The Insider, Carl Kirkland Unloaded 40,736 Shares of Kirkland's, Inc. (NASDAQ:KIRK)

Carl Kirkland Insider Sell

The director of Kirkland’s Inc, Carl Kirkland is in the stock market news today. It was announced in a form filled by Carl Kirkland and submitted to the D.C. based-SEC on November 25, 2016, he sold 40,736 shares from the Pinksheet-listed Kirkland’s Inc having a total value of $613,362 USD. The transaction’s shares average price was $15.1. He also unloaded 258,387 shares with a total value $3,638,212 USD in the last month. The transaction will most probably not remain undiscovered as it was significant one. Today, Carl Kirkland has rights to a total of 467,011 shares or 2.88% of the Company’s market cap (total dollar market value of all company’s outstanding shares).

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 14.23% above today’s ($15.32) stock price. Kirkland’s has been the topic of 7 analyst reports since September 4, 2015 according to StockzIntelligence Inc. Zacks upgraded the shares of KIRK in a report on Friday, September 4 to “Hold” rating. The company was maintained on Wednesday, August 24 by SunTrust. The stock of Kirkland’s, Inc. (NASDAQ:KIRK) has “Buy” rating given on Wednesday, August 24 by Suntrust Robinson. The stock of Kirkland’s, Inc. (NASDAQ:KIRK) has “Outperform” rating given on Friday, November 20 by Barrington Research. As per Thursday, October 6, the company rating was maintained by KeyBanc Capital Markets. The stock has “Neutral” rating given by Sidoti on Tuesday, August 23.

Insitutional Activity: The institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.51, from 0.84 in 2016Q1. The ratio increased, 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.

Perritt Mngmt has invested 0.68% of its portfolio in Kirkland’s, Inc. (NASDAQ:KIRK). Royal Natl Bank Of Canada last reported 50 shares in the company. Tortoise Inv Ltd Liability Corporation owns 108 shares or 0% of their US portfolio. Us Comml Bank De has invested 0% of its portfolio in Kirkland’s, Inc. (NASDAQ:KIRK). Comerica Bancshares has invested 0% of its portfolio in Kirkland’s, Inc. (NASDAQ:KIRK). The New York-based D E Shaw & has invested 0% in Kirkland’s, Inc. (NASDAQ:KIRK). Cortina Asset Llc, a Wisconsin-based fund reported 389,376 shares. Systematic Mngmt L P, a New Jersey-based fund reported 80,749 shares. Teachers Inc accumulated 39,457 shares or 0% of the stock. Moreover, Petrus Lta has 0.05% invested in Kirkland’s, Inc. (NASDAQ:KIRK) for 15,327 shares. Shell Asset Management holds 0.02% of its portfolio in Kirkland’s, Inc. (NASDAQ:KIRK) for 48,498 shares. Dimensional Fund Advsrs Lp holds 0.01% or 899,345 shares in its portfolio. Blackrock has 0% invested in the company for 7,023 shares. Barclays Plc accumulated 55 shares or 0% of the stock. The New York-based Ny State Common Retirement Fund has invested 0% in Kirkland’s, Inc. (NASDAQ:KIRK).

Insider Transactions: Since September 15, 2016, the stock had 0 insider buys, and 11 insider sales for $3.04 million net activity. KIRKLAND CARL had sold 4,800 shares worth $60,043.

About 41,801 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 $242.48 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 22.69 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: Streetinsider.com which released: “Form 4 KIRKLAND’S, INC For: Nov 23 Filed by: KIRKLAND CARL” on November 25, 2016. Also Prnewswire.com published the news titled: “Kirkland’s Reports Second Quarter 2016 Results” on August 23, 2016. Prnewswire.com‘s news article titled: “Kirkland’s Reports Fourth Quarter Sales” with publication date: February 04, 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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