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

Kirkland’s, Inc. (NASDAQ:KIRK) saw unusually large options trading activity on Wednesday. Stock investors bought 9,808 call options on the company. This represents an increase of approximately 1,683% compared to the typical daily volume of 550 call options.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Kirkland’s

Hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Trading LLC bought a new stake in shares of Kirkland’s during the third quarter valued at approximately $26,000. Dupree Financial Group LLC grew its position in shares of Kirkland’s by 28.3% during the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Kirkland’s by 7.7% in 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 in the last quarter. 15.38% of the stock is owned by institutional investors.

Kirkland’s Trading Down 1.2 %

Shares of KIRK opened at $1.65 on Thursday. The business’s fifty day simple moving average is $1.71 and its two-hundred day simple moving average is $1.74. Kirkland’s has a 12 month low of $1.39 and a 12 month 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.

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.