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

Kirkland’s, Inc. (NASDAQ:KIRK) saw unusually large options trading on Wednesday. Traders purchased 3,175 put options on the stock. This is an increase of approximately 1,274% compared to the average daily volume of 231 put options.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Kirkland’s

Institutional investors and hedge funds have recently modified their holdings of the company. Dupree Financial Group LLC grew its position in 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 acquiring an additional 7,000 shares in the last quarter. Wolverine Trading LLC purchased a new position in shares of Kirkland’s in the third quarter valued at approximately $26,000. Finally, Geode Capital Management LLC grew its holdings in shares of Kirkland’s by 7.7% in the third 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 in the last quarter. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Kirkland’s Stock Down 1.2 %

Shares of NASDAQ KIRK opened at $1.65 on Thursday. The business’s 50 day moving average is $1.71 and its two-hundred day moving average is $1.74. Kirkland’s has a 52-week low of $1.39 and a 52-week high of $3.30. The firm has a market cap of $21.64 million, a price-to-earnings ratio of -1.03 and a beta of 2.46.

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, outdoor, and gifts.