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

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

Institutional Trading of Kirkland’s

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolverine Trading LLC bought a new position in Kirkland’s during the third quarter valued at $26,000. Dupree Financial Group LLC lifted its holdings in shares of Kirkland’s by 28.3% in the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 worth $290,000 after purchasing an additional 9,431 shares during the period. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Craig Hallum reduced their price target on shares of Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a research report on Friday, September 6th. Benchmark reissued a “buy” rating and issued a $7.00 price objective on shares of Kirkland’s in a research note on Wednesday, October 23rd.

Kirkland’s Price Performance

Shares of KIRK stock opened at $1.73 on Thursday. The company has a market cap of $22.69 million, a PE ratio of -1.08 and a beta of 2.42. Kirkland’s has a 1 year low of $1.39 and a 1 year high of $3.37. The stock’s 50 day simple moving average is $1.76 and its two-hundred day simple moving average is $1.75.

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.