Kirkland’s Target of Unusually Large Options Trading (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of some unusual options trading on Wednesday. Stock traders acquired 9,808 call options on the stock. This is an increase of 1,683% compared to the average volume of 550 call options.

Wall Street Analyst Weigh In

KIRK has been the topic of several research reports. Craig Hallum cut their price target on shares of Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Benchmark reissued a “buy” rating and issued a $7.00 price objective on shares of Kirkland’s in a research report on Wednesday, October 23rd.

Hedge Funds Weigh In On Kirkland’s

A number of institutional investors have recently added to or reduced their stakes in KIRK. Wolverine Trading LLC purchased a new stake in shares of Kirkland’s during the third quarter worth about $26,000. Dupree Financial Group LLC grew its stake in Kirkland’s by 28.3% during the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after purchasing an additional 7,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in Kirkland’s by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after purchasing an additional 9,431 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new stake in Kirkland’s during the 1st quarter worth approximately $564,000. Institutional investors and hedge funds own 15.38% of the company’s stock.

Kirkland’s Stock Performance

KIRK stock opened at $1.75 on Thursday. The stock has a 50-day simple moving average of $1.87 and a 200-day simple moving average of $1.78. The firm has a market cap of $22.96 million, a P/E ratio of -1.16 and a beta of 2.42. Kirkland’s has a 1 year low of $1.39 and a 1 year high of $3.54.

Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings data on Thursday, September 5th. The specialty retailer reported ($1.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.31) by $0.20. The firm had revenue of $86.29 million for the quarter.

About Kirkland’s

Kirkland’s, Inc operates as a specialty retailer of home décor and furnishings in the United States. Its stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, outdoor, and gifts.