Investors Purchase High Volume of Kirkland’s Call Options (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of some unusual options trading on Wednesday. Stock investors bought 9,808 call options on the stock. This is an increase of 1,683% compared to the average daily volume of 550 call options.

Wall Street Analysts Forecast Growth

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

Kirkland’s Stock Down 0.4 %

KIRK opened at $1.29 on Thursday. Kirkland’s has a 12-month low of $1.23 and a 12-month high of $3.00. The stock has a market cap of $16.92 million, a price-to-earnings ratio of -0.81 and a beta of 2.44. The business has a 50 day moving average of $1.56 and a 200-day moving average of $1.71.

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

Institutional Trading of Kirkland’s

Hedge funds have recently added to or reduced their stakes in the company. Wolverine Trading LLC acquired a new stake in Kirkland’s during the 3rd quarter worth approximately $26,000. Virtu Financial LLC acquired a new stake in Kirkland’s during the 4th quarter worth approximately $30,000. Dupree Financial Group LLC increased its stake in Kirkland’s by 47.3% during the 4th quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock worth $76,000 after acquiring an additional 15,000 shares during the period. Shay Capital LLC increased 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 worth $189,000 after acquiring an additional 63,310 shares during the period. Finally, Geode Capital Management LLC increased its stake in 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 during the period. 15.38% of the stock is owned by institutional investors and hedge funds.

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.