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

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

Kirkland’s Trading Down 6.3 %

NASDAQ:KIRK opened at $1.64 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.11 and a debt-to-equity ratio of 10.88. The stock has a market capitalization of $21.38 million, a PE ratio of -0.86 and a beta of 2.38. The firm’s 50 day moving average is $1.85 and its 200 day moving average is $1.82. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.54.

Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings results on Thursday, September 5th. The specialty retailer reported ($1.11) EPS for the quarter, topping analysts’ consensus estimates of ($1.31) by $0.20. The company had revenue of $86.29 million for the quarter. Kirkland’s had a negative net margin of 4.26% and a negative return on equity of 870.01%.

Analyst Upgrades and Downgrades

Several research firms have commented on KIRK. Benchmark reissued a “buy” rating and set a $7.00 target price on shares of Kirkland’s in a research report on Wednesday, October 23rd. Craig Hallum lowered 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.

Institutional Investors Weigh In On Kirkland’s

An institutional investor recently raised its position in Kirkland’s stock. Dupree Financial Group LLC raised its holdings in shares of Kirkland’s, Inc. (NASDAQ:KIRK) by 28.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,700 shares of the specialty retailer’s stock after acquiring an additional 7,000 shares during the quarter. Dupree Financial Group LLC owned about 0.24% of Kirkland’s worth $69,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.38% of the stock is owned by institutional investors and hedge funds.

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.