Traders Buy High Volume of Kirkland’s Put Options (NASDAQ:KIRK)

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

Wall Street Analysts Forecast Growth

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

Kirkland’s Trading Down 4.4 %

Shares of KIRK stock opened at $1.96 on Thursday. The company’s 50-day moving average price is $2.54 and its 200-day moving average price is $2.47. The company has a current ratio of 0.78, a quick ratio of 0.10 and a debt-to-equity ratio of 10.88. The stock has a market cap of $25.34 million, a price-to-earnings ratio of -0.90 and a beta of 2.20. Kirkland’s has a twelve month low of $1.40 and a twelve month high of $3.88.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its position in Kirkland’s by 0.7% in the first quarter. State Street Corp now owns 228,109 shares of the specialty retailer’s stock valued at $2,119,000 after buying an additional 1,606 shares during the last quarter. Quantbot Technologies LP lifted its position in Kirkland’s by 36.5% in the second quarter. Quantbot Technologies LP now owns 9,999 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 2,672 shares during the last quarter. UBS Group AG lifted its position in Kirkland’s by 717.0% in the fourth quarter. UBS Group AG now owns 7,696 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 6,754 shares during the last quarter. Renaissance Technologies LLC lifted its position in Kirkland’s by 9.3% in the second quarter. Renaissance Technologies LLC now owns 97,300 shares of the specialty retailer’s stock valued at $271,000 after buying an additional 8,300 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Kirkland’s by 75,575.0% in the first quarter. Bank of America Corp DE now owns 9,081 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 9,069 shares during the last quarter. Institutional investors and hedge funds own 15.38% of the company’s stock.

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.