Kirkland's stock sinks toward 10-year low after analyst cuts rating, slashed price target [MarketWatch]
Kirkland's, Inc. (KIRK)
Last kirkland's, inc. earnings: 9/5 06:30 am
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ir.kirklands.com
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Source: MarketWatch
Kirkland's stock sinks toward 10-year low after analyst cuts rating, slashed price target Shares of Kirkland's Inc. KIRK, -5.43% tumbled 5.6% toward a 10-year low in morning trade Wednesday, after the home decor retailer was downgraded at B. Riley FBR, citing increasing headwinds that will likely limit a profit recovery. Analyst Jeff Van Sinderen cut his rating to neutral, after being at buy since March 2017, and slashed his price target to $6.50 from $12.00. Van Sinderen now expects the company's turnaround initiatives will take longer to gain traction as a number of headwinds are intensifying: After an "OK" 2018, the broader home goods market "appears to have slowed substantially;" promotional levels have elevated because of the slowdown; and "the tariff picture has deteriorated" as the U.S.-China trade war intensifies. "Although KIRK has undertaken admirable turnaround initiatives, our sense is that in the current increasingly difficult environment, the company will need to acce
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KIRK
News
- Kirkland's, Inc. (NASDAQ: KIRK) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- KIRKLAND'S HOME REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS [Yahoo! Finance]Yahoo! Finance
- KIRKLAND'S HOME REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 RESULTSPR Newswire
- Kirkland's Home Sets Fourth Quarter and Fiscal Year 2023 Earnings Conference Call for March 21, 2024, at 9:00 a.m. ETPR Newswire
- Gordon Brothers Supports Kirkland's Strategic Repositioning with $12M Term Loan [Yahoo! Finance]Yahoo! Finance
KIRK
Sec Filings
- 4/9/24 - Form 4
- 4/9/24 - Form 4
- 3/29/24 - Form 10-K
- KIRK's page on the SEC website