Kirklands Plummets On Q2 Results, Margin Outlook (KIRK, PIR, BBBY, HVT, WSM)

Tickerspy’s Home Furnishing Retailer Index

HOME FURNISHING RETAILER INVESTING IDEAS

• Popular long ideas: BBBY, PIR, WSM
• Popular short ideas: BBBY, PIR, WSM
• Top dividend plays: WSM, PIR, HVT
• Pro favorites: BBBY, WSM, PIR

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HOME FURNISHING RETAILER COVERAGE

These retailers focus on furniture and other goods for the home

• Pier 1 Soars, Takes Home Furnishings Sector Along for the Ride (PIR, BBBY, WSM, HVT, KIRK)
• Personal Spending Data Sends Retailers Racing (KIRK, PIR, WSM, DDS, JWN, SKS, SHLD, LULU, CHRS, JNY, ANN, PSUN)
• tickerspy's Top Retail Indexes Gain Over 5% This Week (PIR, BXC, TSCO, BLDR, BONT, DDS, ZLC, MOV)

HOME FURNISHING RETAILER CHART

HOME FURNISHING RETAILER METRICS

Avg. Market Cap:	$4.8B
Avg. P/E Ratio:	21.1
Avg. Div Yield:	0.7%

High-flying home decor and furniture retailer Kirkland’s (KIRK) got slammed on Friday after posting its second quarter results. After rising ten-fold from early 2009 to an all-time high above the $25 mark during the second quarter, Kirklands is now more than -50% from its 52-week high, losing more than -25% in today’s session alone.

During the second quarter, the firm earned $3.3 million or 16 cents per share compared to $3.4 million or 17 cents per share a year ago. The EPS came in -2 cents below analyst expectations, and the company slashed its full-year revenue outlook by -27% and warned that rising freight costs will put margins under pressure in the second half, according to coverage by Reuters.

As a whole, the Home Furnishing Retailer Stocks Index is off by -24% on the Kirklands slide. The Index’s performance is calculated on a net asset value (NAV) basis, so the stock’s run from 2008 lows has amounted in a significant weighting.

Elsewhere in the sector Pier 1 Imports (PIR) is off by -3% on the day, and Bed Bath & Beyond (BBBY) and Haverty Furniture (HVT) are also in the red. Meanwhile, high-end home furnishings retailer Williams-Sonoma (WSM) is ahead by 1% for the session on no company-specific news.

Investors can track the Home Furnishing Retailer Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: BBBY, HVT, KIRK, PIR, WSM