Kirkland’s Sees Unusually Large Options Volume (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 3,175 put options on the stock. This is an increase of 1,274% compared to the average daily volume of 231 put options.

Institutional Investors Weigh In On Kirkland’s

Several hedge funds and other institutional investors have recently made changes to their positions in KIRK. Wolverine Trading LLC bought a new position in Kirkland’s during the third quarter worth about $26,000. Geode Capital Management LLC boosted its holdings in shares of Kirkland’s by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after acquiring an additional 9,431 shares in the last quarter. Finally, Dupree Financial Group LLC boosted its holdings in shares of Kirkland’s by 28.3% in the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after acquiring an additional 7,000 shares in the last quarter. 15.38% of the stock is owned by institutional investors and hedge funds.

Kirkland’s Trading Down 0.6 %

Shares of Kirkland’s stock opened at $1.56 on Friday. The business’s 50 day simple moving average is $1.70 and its 200-day simple moving average is $1.73. The stock has a market capitalization of $20.47 million, a price-to-earnings ratio of -0.97 and a beta of 2.46. Kirkland’s has a twelve month low of $1.39 and a twelve month high of $3.30.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings results on Friday, December 6th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “buy” rating and issued a $7.00 price target on shares of Kirkland’s in a report on Wednesday, October 23rd.

Kirkland’s Company Profile

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.