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

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Kirkland’s by 7.7% in the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after buying an additional 9,431 shares in the last quarter. Dupree Financial Group LLC raised its holdings in Kirkland’s by 28.3% in the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Wolverine Trading LLC bought a new stake in shares of Kirkland’s during the 3rd quarter valued at $26,000. Institutional investors own 15.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kirkland’s Trading Down 1.2 %

Kirkland’s stock opened at $1.65 on Thursday. The company has a market capitalization of $21.64 million, a price-to-earnings ratio of -1.03 and a beta of 2.46. The stock’s 50 day moving average is $1.71 and its 200-day moving average is $1.74. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.30.

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.