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

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

Kirkland’s Trading Down 0.6 %

Shares of NASDAQ:KIRK opened at $1.56 on Friday. The firm has a 50 day moving average of $1.70 and a 200-day moving average of $1.73. The stock has a market capitalization of $20.47 million, a PE ratio of -0.97 and a beta of 2.46. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.30.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings results on Friday, December 6th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Benchmark reaffirmed a “buy” rating and set a $7.00 target price on shares of Kirkland’s in a report on Wednesday, October 23rd.

Institutional Investors Weigh In On Kirkland’s

Institutional investors have recently modified their holdings of the company. Wolverine Trading LLC bought a new stake in shares of Kirkland’s in the 3rd quarter valued at $26,000. Dupree Financial Group LLC raised its holdings in Kirkland’s by 28.3% during the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after buying an additional 7,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Kirkland’s by 7.7% during 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. 15.38% of the stock is owned by institutional investors.

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.