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

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Kirkland’s

A number of institutional investors have recently made changes to their positions in the stock. Shay Capital LLC boosted its holdings in Kirkland’s by 118.7% in the fourth quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock valued at $189,000 after acquiring an additional 63,310 shares during the last quarter. PEAK6 LLC bought a new position in Kirkland’s during the 4th quarter worth approximately $379,000. Virtu Financial LLC acquired a new position in shares of Kirkland’s in the 4th quarter worth approximately $30,000. Dupree Financial Group LLC boosted its stake in shares of Kirkland’s by 47.3% in the 4th quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock valued at $76,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Kirkland’s by 7.7% during the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after buying an additional 9,431 shares during the period. Institutional investors own 15.38% of the company’s stock.

Kirkland’s Price Performance

KIRK opened at $1.52 on Friday. Kirkland’s has a fifty-two week low of $1.39 and a fifty-two week high of $3.00. The company’s 50 day moving average price is $1.61 and its two-hundred day moving average price is $1.71. The firm has a market capitalization of $19.99 million, a price-to-earnings ratio of -0.95 and a beta of 2.44.

Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings data on Friday, December 6th. The specialty retailer reported ($0.29) earnings per share 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.