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

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

Hedge Funds Weigh In On Kirkland’s

Several institutional investors and hedge funds have recently bought and sold shares of KIRK. Dupree Financial Group LLC increased its holdings in shares of Kirkland’s by 28.3% during the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after buying an additional 7,000 shares during the last quarter. Geode Capital Management LLC increased 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 acquiring an additional 9,431 shares during the last quarter. Wolverine Trading LLC purchased a new stake in Kirkland’s in the third quarter valued at $26,000. Finally, PEAK6 Investments LLC acquired a new position in shares of Kirkland’s in the 1st quarter valued at $564,000. 15.38% of the stock is currently owned by institutional investors and hedge funds.

Kirkland’s Stock Performance

NASDAQ:KIRK opened at $1.75 on Thursday. Kirkland’s has a one year low of $1.39 and a one year high of $3.54. The stock has a market cap of $22.96 million, a PE ratio of -1.16 and a beta of 2.42. The stock has a 50 day moving average price of $1.87 and a 200 day moving average price of $1.78.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Thursday, September 5th. The specialty retailer reported ($1.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.31) by $0.20. The company had revenue of $86.29 million during the quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Craig Hallum decreased their price objective on Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Benchmark reissued a “buy” rating and issued a $7.00 price target on shares of Kirkland’s in a research note on Wednesday, October 23rd.

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.