Kirkland’s Sees Unusually High Options Volume (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of unusually large options trading activity on Wednesday. Stock traders 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.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KIRK. Craig Hallum reduced their target price on shares of Kirkland’s from $2.50 to $2.00 and set a “hold” rating for the company in a research note on Friday, September 6th. Benchmark reissued a “buy” rating and issued a $7.00 price objective on shares of Kirkland’s in a report on Wednesday, October 23rd.

Institutional Trading of Kirkland’s

Several institutional investors have recently modified their holdings of KIRK. Wolverine Trading LLC acquired a new position in shares of Kirkland’s in the 3rd quarter worth approximately $26,000. Geode Capital Management LLC grew its position in Kirkland’s by 7.7% in the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after buying an additional 9,431 shares during the last quarter. Finally, Dupree Financial Group LLC increased its holdings in shares of Kirkland’s by 28.3% in the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after buying an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 15.38% of the company’s stock.

Kirkland’s Stock Down 1.1 %

KIRK stock opened at $1.79 on Friday. The company has a 50-day simple moving average of $1.81 and a 200 day simple moving average of $1.78. The company has a market capitalization of $23.48 million, a P/E ratio of -1.12 and a beta of 2.42. Kirkland’s has a fifty-two week low of $1.39 and a fifty-two week high of $3.53.

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.