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

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of some unusual options trading on Wednesday. Stock investors acquired 9,808 call options on the company. This is an increase of 1,683% compared to the typical volume of 550 call options.

Institutional Trading of Kirkland’s

Institutional investors have recently bought and sold shares of the business. Dupree Financial Group LLC raised its position 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 acquiring an additional 7,000 shares during the period. Wolverine Trading LLC purchased a new stake in Kirkland’s during the 3rd quarter valued at about $26,000. Geode Capital Management LLC increased its holdings in shares of Kirkland’s by 7.7% in the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after purchasing an additional 9,431 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Kirkland’s in the 4th quarter worth $30,000. Finally, PEAK6 LLC acquired a new stake in Kirkland’s during the fourth quarter worth about $379,000. 15.38% of the stock is owned by institutional investors and hedge funds.

Kirkland’s Trading Up 0.3 %

Shares of NASDAQ:KIRK opened at $1.52 on Friday. Kirkland’s has a twelve month low of $1.39 and a twelve month high of $3.00. The company’s 50 day moving average is $1.61 and its 200 day moving average is $1.71. The company has a market cap of $19.99 million, a PE ratio of -0.95 and a beta of 2.44.

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

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised shares of Kirkland’s from a “hold” rating to a “strong-buy” rating in a research report on Tuesday.

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.