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

Kirkland’s, Inc. (NASDAQ:KIRK) saw some unusual options trading activity on Wednesday. Investors bought 9,808 call options on the company. This represents an increase of 1,683% compared to the typical daily volume of 550 call options.

Hedge Funds Weigh In On Kirkland’s

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in Kirkland’s by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after acquiring an additional 9,431 shares during the last quarter. Wolverine Trading LLC bought a new stake in Kirkland’s in the 3rd quarter worth $26,000. Finally, Dupree Financial Group LLC grew its holdings in Kirkland’s by 28.3% in the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after acquiring an additional 7,000 shares during the last quarter. Institutional investors own 15.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and issued a $7.00 target price on shares of Kirkland’s in a research note on Wednesday, October 23rd.

Kirkland’s Price Performance

NASDAQ KIRK opened at $1.58 on Friday. Kirkland’s has a 1 year low of $1.39 and a 1 year high of $3.07. The stock has a market capitalization of $20.73 million, a PE ratio of -0.99 and a beta of 2.45. The company’s 50 day simple moving average is $1.68 and its two-hundred day simple moving average is $1.72.

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