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

Kirkland’s, Inc. (NASDAQ:KIRK) saw unusually large options trading activity on Wednesday. Investors acquired 3,175 put options on the company. This is an increase of 1,274% compared to the average daily volume of 231 put options.

Hedge Funds Weigh In On Kirkland’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KIRK. PEAK6 Investments LLC acquired a new stake in shares of Kirkland’s in the 1st quarter valued at approximately $564,000. Geode Capital Management LLC raised its holdings in Kirkland’s by 7.7% in the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after purchasing an additional 9,431 shares during the period. Dupree Financial Group LLC boosted its position in shares of Kirkland’s by 28.3% during the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Wolverine Trading LLC acquired a new position in shares of Kirkland’s in the 3rd quarter valued at $26,000. Institutional investors own 15.38% of the company’s stock.

Analyst Ratings Changes

KIRK has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and set a $7.00 price target on shares of Kirkland’s in a research note on Wednesday, October 23rd. Craig Hallum decreased their price objective on Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a research report on Friday, September 6th.

Kirkland’s Trading Up 2.3 %

Shares of NASDAQ KIRK opened at $1.75 on Thursday. Kirkland’s has a 1 year low of $1.39 and a 1 year high of $3.54. The firm’s 50-day moving average is $1.87 and its 200-day moving average is $1.78. The firm has a market capitalization of $22.96 million, a PE ratio of -1.16 and a beta of 2.42.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Thursday, September 5th. The specialty retailer reported ($1.11) EPS for the quarter, beating the consensus estimate of ($1.31) by $0.20. The business had revenue of $86.29 million for the quarter.

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.