Kirkland’s Target of Unusually Large Options Trading (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 3,175 put options on the stock. This is an increase of approximately 1,274% compared to the typical daily volume of 231 put options.

Kirkland’s Trading Down 4.0 %

NASDAQ:KIRK opened at $1.58 on Friday. The firm has a fifty day simple moving average of $1.68 and a 200 day simple moving average of $1.72. The stock has a market capitalization of $20.73 million, a PE ratio of -0.99 and a beta of 2.45. Kirkland’s has a 1-year low of $1.39 and a 1-year high of $3.07.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dupree Financial Group LLC lifted its holdings in shares of Kirkland’s by 47.3% in the fourth quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock worth $76,000 after acquiring an additional 15,000 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 9,431 shares during the last quarter. Finally, Wolverine Trading LLC bought a new position in Kirkland’s in the 3rd quarter valued at approximately $26,000. Institutional investors and hedge funds own 15.38% of the company’s stock.

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.