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

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 9,808 call options on the company. This is an increase of approximately 1,683% compared to the average daily volume of 550 call options.

Wall Street Analyst Weigh In

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

Kirkland’s Stock Down 1.2 %

KIRK stock opened at $1.65 on Thursday. Kirkland’s has a twelve month low of $1.39 and a twelve month high of $3.30. The company has a market cap of $21.64 million, a price-to-earnings ratio of -1.03 and a beta of 2.46. The business has a 50 day moving average price of $1.71 and a two-hundred day moving average price of $1.74.

Hedge Funds Weigh In On Kirkland’s

Several hedge funds and other institutional investors have recently made changes to their positions in KIRK. Wolverine Trading LLC acquired a new stake in Kirkland’s in the third quarter valued at $26,000. Dupree Financial Group LLC raised 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 valued at $69,000 after purchasing an additional 7,000 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Kirkland’s by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after purchasing an additional 9,431 shares during the last quarter. 15.38% of the stock is owned by institutional investors.

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.