Back to top

Analyst Blog

On Jul 9, 2013, Zacks Investment Research upgraded Kirkland’s Inc. (KIRK - Analyst Report) to a Zacks Rank #1 (Strong Buy) following an upbeat outlook for the second quarter of fiscal 2013.

Why the Upgrade?

In the second–quarter of fiscal 2013, Kirkland’s expects earnings per share to be between 75 cents and 85 cents. This is higher than the previous guidance range of 70 cents to 85 cents.

Kirkland raised its guidance following decent first quarter fiscal 2013 results (announced on May 28, 2013) which were way ahead of management’s guidance as well as the Zacks Consensus Estimate on the back of strong online sales during the quarter

Following the loss incurred in the second and third quarter of fiscal 2012, the surge in earnings in the last two quarters came as a relief to the investors of this Nashville, TN-based home décor retailer.

Moreover, management is optimistic about increased traffic and better same-store sales during the second quarter of fiscal 2013 due to increased consumer confidence due to rebound in the homebuilding sector, together with a drop in gasoline prices.

Estimates were mostly revised upwards following the encouraging first-quarter results and the upbeat outlook for the second quarter. For fiscal 2013 the estimate moved up 6.4% to 83 cents over the last 60 days. The Zacks Consensus Estimate for fiscal 2014 increased 4.4% to 97 cents over the same period.

Other Stocks to Consider:

Others players in the same industry which look attractive at the current levels include Fortune Brands Inc. (FBHS - Snapshot Report) and Restoration Hardware (RH - Snapshot Report) and Flower Foods Inc. (FLO - Snapshot Report), all carrying a Zacks Rank #1 (Strong Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
STRATTEC SE… STRT 80.24 +3.00%
PATTERSON-U… PTEN 34.54 +2.98%