Traders Purchase Large Volume of Call Options on Kirkland’s (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 9,808 call options on the company. This is an increase of approximately 1,683% compared to the typical daily volume of 550 call options.

Kirkland’s Trading Down 4.7 %

KIRK opened at $1.23 on Friday. The stock has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.70. The company has a market cap of $16.14 million, a price-to-earnings ratio of -0.77 and a beta of 2.44. Kirkland’s has a 12-month low of $1.22 and a 12-month high of $3.00.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Kirkland’s

Several institutional investors and hedge funds have recently modified their holdings of KIRK. Wolverine Trading LLC bought a new stake in Kirkland’s during the 3rd quarter valued at about $26,000. Geode Capital Management LLC grew its holdings in shares of Kirkland’s by 7.7% during the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after buying an additional 9,431 shares during the last quarter. Dupree Financial Group LLC increased its position in shares of Kirkland’s by 47.3% during the fourth quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock valued at $76,000 after acquiring an additional 15,000 shares in the last quarter. Virtu Financial LLC purchased a new position in Kirkland’s in the 4th quarter worth approximately $30,000. Finally, PEAK6 LLC bought a new position in Kirkland’s in the 4th quarter valued at approximately $379,000. 15.38% of the stock is currently owned by institutional investors.

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.