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

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of some unusual options trading on Wednesday. Investors purchased 9,808 call options on the company. This represents an increase of 1,683% compared to the average volume of 550 call options.

Hedge Funds Weigh In On Kirkland’s

A number of hedge funds and other institutional investors have recently bought and sold shares of KIRK. Wolverine Trading LLC bought a new stake in Kirkland’s during the third quarter worth about $26,000. Dupree Financial Group LLC increased its position in shares of Kirkland’s by 28.3% during the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 buying an additional 9,431 shares in the last quarter. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kirkland’s Price Performance

Shares of KIRK stock opened at $1.65 on Thursday. Kirkland’s has a 1 year low of $1.39 and a 1 year high of $3.15. The company’s fifty day simple moving average is $1.68 and its two-hundred day simple moving average is $1.72. The stock has a market capitalization of $21.58 million, a price-to-earnings ratio of -1.03 and a beta of 2.44.

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

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.