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

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of some unusual options trading on Wednesday. Stock investors acquired 3,175 put options on the stock. This represents an increase of 1,274% compared to the average volume of 231 put options.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kirkland’s stock. Quadrature Capital Ltd bought a new stake in shares of Kirkland’s, Inc. (NASDAQ:KIRK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,856 shares of the specialty retailer’s stock, valued at approximately $42,000. Quadrature Capital Ltd owned 0.11% of Kirkland’s at the end of the most recent quarter. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Analysts Set New Price Targets

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

Kirkland’s Stock Down 0.5 %

Shares of KIRK opened at $1.90 on Thursday. The firm has a market cap of $24.57 million, a P/E ratio of -0.87 and a beta of 2.20. Kirkland’s has a 1 year low of $1.40 and a 1 year high of $3.88. The company has a debt-to-equity ratio of 10.88, a current ratio of 0.78 and a quick ratio of 0.10. The stock has a 50 day simple moving average of $2.39 and a two-hundred day simple moving average of $2.49.

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

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.