Investors Buy High Volume of Kirkland’s Call Options (NASDAQ:KIRK)

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

Institutional Investors Weigh In On Kirkland’s

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in Kirkland’s during the first quarter valued at about $68,000. UBS Group AG increased its holdings in shares of Kirkland’s by 717.0% in the 4th quarter. UBS Group AG now owns 7,696 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 6,754 shares during the period. Bank of America Corp DE increased its holdings in shares of Kirkland’s by 75,575.0% in the 1st quarter. Bank of America Corp DE now owns 9,081 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 9,069 shares during the period. LPL Financial LLC acquired a new position in shares of Kirkland’s in the 4th quarter valued at about $43,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Kirkland’s in the 4th quarter valued at about $42,000. 15.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Kirkland’s from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd.

Kirkland’s Stock Performance

Shares of KIRK opened at $1.96 on Thursday. 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 0.78 and a debt-to-equity ratio of 10.88. The firm has a market capitalization of $25.34 million, a PE ratio of -0.90 and a beta of 2.20. The firm has a 50-day moving average price of $2.54 and a 200 day moving average price of $2.47.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings results on Thursday, March 21st. The specialty retailer reported $0.78 earnings per share for the quarter. Kirkland’s had a negative net margin of 5.92% and a negative return on equity of 870.01%. The company had revenue of $165.95 million during 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, and gifts.