Stock Traders 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. Investors bought 3,175 put options on the company. This represents an increase of 1,274% compared to the typical volume of 231 put options.

Kirkland’s Stock Down 1.2 %

Shares of Kirkland’s stock opened at $1.66 on Friday. The firm has a market cap of $21.65 million, a price-to-earnings ratio of -0.87 and a beta of 2.24. The company has a debt-to-equity ratio of 10.88, a current ratio of 0.85 and a quick ratio of 0.10. Kirkland’s has a 52-week low of $1.40 and a 52-week high of $3.88. The stock has a 50-day simple moving average of $1.93 and a 200-day simple moving average of $2.48.

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

Analyst Ratings Changes

A number of equities research analysts have commented on KIRK shares. StockNews.com lowered Kirkland’s from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Benchmark reiterated a “buy” rating and set a $7.00 price target on shares of Kirkland’s in a report on Friday, June 7th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new position in shares of Kirkland’s in the 4th quarter valued at approximately $42,000. Dupree Financial Group LLC bought a new position in shares of Kirkland’s in the 1st quarter valued at approximately $175,000. Finally, PEAK6 Investments LLC bought a new position in shares of Kirkland’s in the 1st quarter valued at approximately $564,000. 15.38% of the stock is 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, and gifts.