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

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

Hedge Funds Weigh In On Kirkland’s

Several hedge funds have recently made changes to their positions in KIRK. Quadrature Capital Ltd purchased a new stake in shares of Kirkland’s in the 4th quarter valued at about $42,000. Dupree Financial Group LLC purchased a new stake in Kirkland’s in the first quarter valued at approximately $175,000. Finally, PEAK6 Investments LLC purchased a new stake in Kirkland’s in the first quarter valued at approximately $564,000. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KIRK shares. StockNews.com cut shares of Kirkland’s from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Benchmark restated a “buy” rating and issued a $7.00 price target on shares of Kirkland’s in a research note on Friday, June 7th.

Kirkland’s Stock Performance

Shares of KIRK opened at $1.64 on Thursday. The company has a quick ratio of 0.10, a current ratio of 0.85 and a debt-to-equity ratio of 10.88. Kirkland’s has a 52-week low of $1.40 and a 52-week high of $3.88. The stock has a 50 day moving average price of $1.87 and a 200 day moving average price of $2.37. The company has a market capitalization of $21.39 million, a price-to-earnings ratio of -0.86 and a beta of 2.39.

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