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 traders bought 3,175 put options on the stock. This is an increase of 1,274% compared to the typical daily volume of 231 put options.

Kirkland’s Price Performance

Shares of KIRK stock opened at $1.65 on Thursday. Kirkland’s has a 1-year low of $1.39 and a 1-year high of $3.30. The company has a market cap of $21.64 million, a price-to-earnings ratio of -1.03 and a beta of 2.46. The stock has a 50 day simple moving average of $1.71 and a 200-day simple moving average of $1.74.

Analyst Ratings Changes

Separately, Benchmark reiterated a “buy” rating and set a $7.00 price objective on shares of Kirkland’s in a research report on Wednesday, October 23rd.

Institutional Investors Weigh In On Kirkland’s

Institutional investors have recently made changes to their positions in the stock. Wolverine Trading LLC purchased a new stake in Kirkland’s during the 3rd quarter worth about $26,000. Dupree Financial Group LLC raised its stake in Kirkland’s by 28.3% in the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after buying an additional 7,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 9,431 shares in the last quarter. 15.38% of the stock is currently 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.