Kirkland's sees Q3 revenue $113M-$115M, consensus $116.10M Inventories are expected to increase in Q3. Sees Q3 SSS up 3%-4.5% compared to the same period last year. Anticipates opening 13 stores and closing 2 stores in Q3. Comments made during the company's Q2 earnings conference call.
Kirkland's upgraded to Overweight from Neutral at Piper Jaffray Piper Jaffray upgraded Kirkland's to Overweight with a $27 price target saying spending in Texas looks healthy and is not yet a threat to the company. Piper believes the company's growth story is intact and raised its price target for shares to $27 from $26.