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

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of unusually large options trading on Wednesday. Traders bought 3,175 put options on the stock. This represents an increase of 1,274% compared to the average daily volume of 231 put options.

Kirkland’s Stock Down 2.5%

KIRK opened at $1.18 on Thursday. The firm has a 50-day simple moving average of $1.24 and a two-hundred day simple moving average of $1.49. Kirkland’s has a 52 week low of $1.10 and a 52 week high of $2.57. The company has a market capitalization of $26.50 million, a PE ratio of -0.74 and a beta of 2.66.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KIRK. PEAK6 LLC bought a new position in Kirkland’s during the fourth quarter valued at $379,000. Geode Capital Management LLC increased 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 during the period. Shay Capital LLC increased 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 valued at $189,000 after buying an additional 63,310 shares during the period. Dupree Financial Group LLC increased its holdings 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 buying an additional 15,000 shares during the period. Finally, Virtu Financial LLC purchased a new position in Kirkland’s during the fourth quarter valued at approximately $30,000. Institutional investors 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.