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

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KIRK shares. Benchmark reaffirmed a “buy” rating and set a $7.00 price target on shares of Kirkland’s in a research note on Wednesday, October 23rd. Craig Hallum cut their target price on Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a research note on Friday, September 6th.

Hedge Funds Weigh In On Kirkland’s

An institutional investor recently raised its position in Kirkland’s stock. Dupree Financial Group LLC grew its position in Kirkland’s, Inc. (NASDAQ:KIRK) by 28.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,700 shares of the specialty retailer’s stock after purchasing an additional 7,000 shares during the period. Dupree Financial Group LLC owned approximately 0.24% of Kirkland’s worth $69,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Kirkland’s Stock Performance

Kirkland’s stock traded down $0.02 during trading hours on Thursday, hitting $1.66. The company had a trading volume of 14,003 shares, compared to its average volume of 149,048. The firm has a market cap of $21.71 million, a P/E ratio of -1.11 and a beta of 2.42. The company has a 50-day moving average price of $1.87 and a two-hundred day moving average price of $1.80. Kirkland’s has a 1 year low of $1.39 and a 1 year high of $3.54.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Thursday, September 5th. The specialty retailer reported ($1.11) EPS for the quarter, beating analysts’ consensus estimates of ($1.31) by $0.20. The business had revenue of $86.29 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, outdoor, and gifts.