KeyBanc Initiates Coverage on Kirkland's, Inc. (KIRK) with a Hold; Significant Growth Opportunity, But Near-Term Challenges
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Price: $14.57 -1.02%
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade KIRK Now!
KeyBanc initiates coverage on Kirkland's, Inc. (Nasdaq: KIRK) with a Hold rating.
KeyBanc analyst says, "Despite a compelling profile, we believe there could be risk to the near-term consensus estimates, following a slowdown in sales in the 2Q. Additionally, from a macroeconomic perspective, we believe home-related retailing is likely to slow in the coming quarters as the effects of recent housing weakness impact home-related retailing (at a 2-3 quarter lag). As such, we are initiating coverage with a HOLD rating, as we believe KIRK could continue to experience some near-term challenges. Longer term, we are very positive and, once we see some return to stability on the sales front, we would look to get more positive on shares of KIRK."
To see all upgrades/downgrades on shares of KIRK, visit our Analyst Ratings page.
Shares finished trading at $13.19 last Friday.
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KeyBanc analyst says, "Despite a compelling profile, we believe there could be risk to the near-term consensus estimates, following a slowdown in sales in the 2Q. Additionally, from a macroeconomic perspective, we believe home-related retailing is likely to slow in the coming quarters as the effects of recent housing weakness impact home-related retailing (at a 2-3 quarter lag). As such, we are initiating coverage with a HOLD rating, as we believe KIRK could continue to experience some near-term challenges. Longer term, we are very positive and, once we see some return to stability on the sales front, we would look to get more positive on shares of KIRK."
To see all upgrades/downgrades on shares of KIRK, visit our Analyst Ratings page.
Shares finished trading at $13.19 last Friday.
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