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

Kirkland’s, Inc. (NASDAQ:KIRK) saw some unusual options trading on Wednesday. Stock investors purchased 9,808 call options on the company. This is an increase of 1,683% compared to the typical volume of 550 call options.

Institutional Trading of Kirkland’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wolverine Trading LLC acquired a new stake in Kirkland’s in the third quarter worth about $26,000. Dupree Financial Group LLC increased its position in Kirkland’s by 28.3% in the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after purchasing an additional 7,000 shares during the period. Finally, Geode Capital Management LLC grew its position 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 buying an additional 9,431 shares during the period. 15.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Kirkland’s Price Performance

Shares of KIRK stock opened at $1.57 on Thursday. The stock has a 50-day moving average price of $1.70 and a 200 day moving average price of $1.73. The firm has a market cap of $20.60 million, a price-to-earnings ratio of -0.98 and a beta of 2.46. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.30.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Friday, December 6th. The specialty retailer reported ($0.29) EPS for the quarter.

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.