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

Posted by Defense World Staff on Sep 5th, 2024

Kirkland’s, Inc. (NASDAQ:KIRK – Get Free Report) saw some unusual options trading on Wednesday. Traders purchased 3,175 put options on the stock. This is an increase of approximately 1,274% compared to the average volume of 231 put options.

Kirkland’s Stock Performance

NASDAQ KIRK opened at $1.52 on Thursday. Kirkland’s has a 1-year low of $1.39 and a 1-year high of $3.54. The company has a current ratio of 0.85, a quick ratio of 0.10 and a debt-to-equity ratio of 10.88. The company has a market capitalization of $19.82 million, a PE ratio of -0.80 and a beta of 2.39. The firm’s fifty day simple moving average is $1.60 and its 200-day simple moving average is $1.99.

Kirkland’s (NASDAQ:KIRK – Get Free Report) last posted its quarterly earnings results on Thursday, June 6th. The specialty retailer reported ($0.68) earnings per share for the quarter. The company had revenue of $91.75 million during the quarter. Kirkland’s had a negative return on equity of 870.01% and a negative net margin of 5.28%.

Analyst Ratings Changes

KIRK has been the topic of several recent analyst reports. StockNews.com downgraded shares of Kirkland’s from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Benchmark reissued a “buy” rating and set a $7.00 target price on shares of Kirkland’s in a research note on Friday, June 7th.

Check Out Our Latest Stock Analysis on KIRK

Institutional Investors Weigh In On Kirkland’s

A number of large investors have recently bought and sold shares of the business. PEAK6 Investments LLC bought a new stake in Kirkland’s during the first quarter valued at about $564,000. Quadrature Capital Ltd bought a new stake in Kirkland’s during the fourth quarter valued at about $42,000. Finally, Dupree Financial Group LLC bought a new stake in Kirkland’s during the first quarter valued at about $175,000. 15.38% of the stock is currently owned by institutional investors.

About Kirkland’s

(Get Free Report)

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, and gifts.