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

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

Analysts Set New Price Targets

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

Kirkland’s Price Performance

Shares of KIRK opened at $1.31 on Thursday. Kirkland’s has a 1 year low of $1.10 and a 1 year high of $2.57. The stock’s fifty day moving average price is $1.41 and its two-hundred day moving average price is $1.66. The firm has a market cap of $17.18 million, a PE ratio of -0.82 and a beta of 2.59.

Institutional Investors Weigh In On Kirkland’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wolverine Trading LLC bought a new position in Kirkland’s during the third quarter worth about $26,000. Virtu Financial LLC bought a new position in Kirkland’s in the 4th quarter worth approximately $30,000. Dupree Financial Group LLC grew its stake in Kirkland’s by 47.3% in the 4th quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock valued at $76,000 after buying an additional 15,000 shares in the last quarter. Shay Capital LLC raised its holdings in Kirkland’s by 118.7% during the 4th quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock valued at $189,000 after acquiring an additional 63,310 shares during the period. Finally, Geode Capital Management LLC lifted its position 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 acquiring an additional 9,431 shares in the last quarter. 15.38% of the stock is currently owned by institutional investors.

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.