Traders Buy High Volume of Call Options on Kirkland’s (NASDAQ:KIRK)

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

Kirkland’s Stock Performance

NASDAQ:KIRK opened at $1.65 on Thursday. Kirkland’s has a 52 week low of $1.39 and a 52 week high of $3.15. The firm has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $1.72. The firm has a market cap of $21.58 million, a price-to-earnings ratio of -1.03 and a beta of 2.44.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Kirkland’s

A number of hedge funds have recently made changes to their positions in KIRK. Dupree Financial Group LLC grew 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 buying an additional 15,000 shares during the period. Wolverine Trading LLC purchased a new position in Kirkland’s in the third quarter valued at about $26,000. Finally, Geode Capital Management LLC grew 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 valued at $290,000 after acquiring an additional 9,431 shares during the period. 15.38% of the stock is currently owned by institutional investors.

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.