Kirkland’s Sees Unusually High Options Volume (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 9,808 call options on the company. This is an increase of 1,683% compared to the average volume of 550 call options.

Kirkland’s Stock Up 1.6 %

Shares of NASDAQ KIRK opened at $1.31 on Thursday. The stock has a market capitalization of $17.18 million, a PE ratio of -0.82 and a beta of 2.59. The firm has a fifty day moving average of $1.41 and a 200-day moving average of $1.66. Kirkland’s has a 52-week low of $1.10 and a 52-week high of $2.57.

Institutional Investors Weigh In On Kirkland’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wolverine Trading LLC acquired a new stake in Kirkland’s during the 3rd quarter worth approximately $26,000. Geode Capital Management LLC grew its stake in Kirkland’s by 7.7% during the third 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. Dupree Financial Group LLC increased its position in shares of Kirkland’s by 47.3% in the fourth quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock worth $76,000 after acquiring an additional 15,000 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Kirkland’s in the 4th quarter valued at $30,000. Finally, PEAK6 LLC purchased a new position in shares of Kirkland’s in the 4th quarter valued at $379,000. 15.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised shares of Kirkland’s from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 18th.

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.