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

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of unusually large options trading on Wednesday. Stock investors bought 9,808 call options on the stock. This is an increase of approximately 1,683% compared to the typical daily volume of 550 call options.

Hedge Funds Weigh In On Kirkland’s

A number of large investors have recently added to or reduced their stakes in KIRK. Quadrature Capital Ltd bought a new position in shares of Kirkland’s in the 4th quarter valued at about $42,000. Dupree Financial Group LLC bought a new position in shares of Kirkland’s in the 1st quarter valued at about $175,000. Finally, PEAK6 Investments LLC bought a new position in shares of Kirkland’s in the 1st quarter valued at about $564,000. Institutional investors own 15.38% of the company’s stock.

Kirkland’s Price Performance

KIRK stock opened at $1.68 on Thursday. The stock has a 50-day moving average price of $1.94 and a two-hundred day moving average price of $2.48. The stock has a market cap of $21.91 million, a PE ratio of -0.88 and a beta of 2.24. The company has a current ratio of 0.85, a quick ratio of 0.10 and a debt-to-equity ratio of 10.88. Kirkland’s has a 1 year low of $1.40 and a 1 year high of $3.88.

Kirkland’s (NASDAQ:KIRK) last released its 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 return on equity of 870.01% and a negative net margin of 5.28%.

Analysts Set New Price Targets

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

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.