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

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Kirkland’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KIRK. Wolverine Trading LLC bought a new position in Kirkland’s during the 3rd quarter valued at $26,000. Geode Capital Management LLC lifted its position in shares of 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 during the last quarter. Dupree Financial Group LLC lifted its position in shares of Kirkland’s by 47.3% during the 4th quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock valued at $76,000 after acquiring an additional 15,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Kirkland’s during the 4th quarter valued at $30,000. Finally, PEAK6 LLC acquired a new stake in shares of Kirkland’s during the 4th quarter valued at $379,000. 15.38% of the stock is owned by institutional investors.

Kirkland’s Stock Performance

Shares of NASDAQ KIRK opened at $1.34 on Friday. The stock has a fifty day moving average price of $1.46 and a two-hundred day moving average price of $1.68. The firm has a market cap of $17.58 million, a P/E ratio of -0.84 and a beta of 2.59. Kirkland’s has a 1 year low of $1.10 and a 1 year high of $3.00.

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.