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

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KIRK. Geode Capital Management LLC raised 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 acquiring an additional 9,431 shares in the last quarter. Wolverine Trading LLC bought a new stake in shares of Kirkland’s in the 3rd quarter worth approximately $26,000. Dupree Financial Group LLC lifted its stake in Kirkland’s by 47.3% during the fourth quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock valued at $76,000 after purchasing an additional 15,000 shares during the last quarter. Shay Capital LLC boosted its holdings in Kirkland’s by 118.7% during the fourth quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock worth $189,000 after buying an additional 63,310 shares in the last quarter. Finally, PEAK6 LLC acquired a new position in Kirkland’s in the fourth quarter worth approximately $379,000. Institutional investors own 15.38% of the company’s stock.

Kirkland’s Price Performance

KIRK opened at $1.34 on Thursday. The business has a 50 day moving average price of $1.46 and a two-hundred day moving average price of $1.68. The company has a market capitalization of $17.58 million, a price-to-earnings ratio of -0.84 and a beta of 2.59. Kirkland’s has a 1-year low of $1.10 and a 1-year high of $3.00.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised shares of Kirkland’s from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th.

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.