Traders Buy High Volume of Kirkland’s Put Options (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) saw some unusual options trading on Wednesday. Stock traders acquired 3,175 put options on the stock. This represents an increase of 1,274% compared to the average volume of 231 put options.

Institutional Investors Weigh In On Kirkland’s

A number of institutional investors have recently bought and sold shares of KIRK. PEAK6 LLC purchased a new position in shares of Kirkland’s in the fourth quarter valued at about $379,000. Shay Capital LLC raised its stake in Kirkland’s by 118.7% during the 4th quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock valued at $189,000 after purchasing an additional 63,310 shares during the period. Virtu Financial LLC purchased a new position in Kirkland’s in the 4th quarter worth approximately $30,000. Dupree Financial Group LLC boosted its stake in Kirkland’s by 47.3% in the 4th quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 15,000 shares during the period. Finally, Wolverine Trading LLC purchased a new stake in Kirkland’s during the 3rd quarter valued at approximately $26,000. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Kirkland’s Price Performance

Shares of NASDAQ KIRK opened at $1.34 on Thursday. The stock has a market cap of $17.58 million, a PE ratio of -0.84 and a beta of 2.59. Kirkland’s has a 1 year low of $1.10 and a 1 year high of $3.00. The firm has a fifty day moving average price of $1.46 and a 200-day moving average price of $1.68.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upgraded Kirkland’s from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th.

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.