Investors Buy Large Volume of Kirkland’s Put Options (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of unusually large options trading on Wednesday. Traders purchased 3,175 put options on the stock. This represents an increase of approximately 1,274% compared to the average 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, February 18th.

Kirkland’s Stock Performance

Shares of KIRK stock opened at $1.29 on Thursday. Kirkland’s has a 52-week low of $1.23 and a 52-week high of $3.00. The company has a market capitalization of $16.92 million, a PE ratio of -0.81 and a beta of 2.44. The business’s fifty day moving average is $1.56 and its 200 day moving average is $1.71.

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

Institutional Investors Weigh In On Kirkland’s

A number of institutional investors and hedge funds have recently made changes to their positions in KIRK. Wolverine Trading LLC purchased a new stake in Kirkland’s during the third quarter valued at about $26,000. Virtu Financial LLC purchased a new stake in Kirkland’s during the fourth quarter valued at about $30,000. Dupree Financial Group LLC raised its position in Kirkland’s by 47.3% during the fourth 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 in the last quarter. Shay Capital LLC raised its position in Kirkland’s by 118.7% during the fourth 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 in the last quarter. Finally, Geode Capital Management LLC raised its position in Kirkland’s by 7.7% during the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after purchasing an additional 9,431 shares in the last quarter. Hedge funds and other institutional investors own 15.38% of the company’s stock.

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.