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

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KIRK shares. StockNews.com lowered Kirkland’s from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Benchmark reissued a “buy” rating and set a $7.00 target price on shares of Kirkland’s in a research note on Friday, June 7th.

Institutional Investors Weigh In On Kirkland’s

A number of institutional investors and hedge funds have recently modified their holdings of KIRK. PEAK6 Investments LLC purchased a new stake in shares of Kirkland’s during the first quarter valued at $564,000. Dupree Financial Group LLC acquired a new stake in Kirkland’s during the 1st quarter worth about $175,000. Finally, Quadrature Capital Ltd purchased a new stake in Kirkland’s during the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 15.38% of the company’s stock.

Kirkland’s Price Performance

NASDAQ:KIRK opened at $1.71 on Friday. Kirkland’s has a 52-week low of $1.40 and a 52-week high of $3.88. The company has a quick ratio of 0.10, a current ratio of 0.85 and a debt-to-equity ratio of 10.88. The firm has a market cap of $22.30 million, a P/E ratio of -0.90 and a beta of 2.39. The business’s 50-day moving average price is $1.83 and its 200 day moving average price is $2.27.

Kirkland’s (NASDAQ:KIRK) last released its earnings results on Thursday, June 6th. The specialty retailer reported ($0.68) EPS for the quarter. The business had revenue of $91.75 million during the quarter. Kirkland’s had a negative return on equity of 870.01% and a negative net margin of 5.28%.

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, and gifts.