Traders Purchase Large Volume of Call Options on Kirkland’s (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of some unusual options trading activity on Wednesday. Traders purchased 9,808 call options on the stock. This is an increase of 1,683% compared to the average volume of 550 call options.

Wall Street Analyst Weigh In

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

Kirkland’s Stock Performance

NASDAQ KIRK opened at $1.65 on Friday. The business has a fifty day moving average price of $1.71 and a 200 day moving average price of $1.73. The company has a market cap of $21.64 million, a P/E ratio of -1.03 and a beta of 2.46. Kirkland’s has a one year low of $1.39 and a one year high of $3.30.

Institutional Investors Weigh In On Kirkland’s

A number of hedge funds have recently modified their holdings of KIRK. Geode Capital Management LLC grew its stake in Kirkland’s by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after acquiring an additional 9,431 shares in the last quarter. Wolverine Trading LLC acquired a new position in shares of Kirkland’s during the 3rd quarter worth approximately $26,000. Finally, Dupree Financial Group LLC grew its position in shares of Kirkland’s by 28.3% in the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after purchasing an additional 7,000 shares in the last quarter. 15.38% of the stock is currently owned by institutional investors and hedge funds.

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.