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

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of some unusual options trading on Wednesday. Investors bought 3,175 put options on the stock. This is an increase of approximately 1,274% compared to the average volume of 231 put options.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Benchmark reiterated a “buy” rating and set a $7.00 price objective on shares of Kirkland’s in a research note on Wednesday, October 23rd. Craig Hallum dropped their target price on shares of Kirkland’s from $2.50 to $2.00 and set a “hold” rating for the company in a research report on Friday, September 6th.

Institutional Trading of Kirkland’s

Several large investors have recently made changes to their positions in the business. Dupree Financial Group LLC raised its holdings 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 buying an additional 7,000 shares during the last quarter. Wolverine Trading LLC bought a new stake in Kirkland’s during the 3rd quarter worth about $26,000. Finally, Geode Capital Management LLC increased its position in Kirkland’s by 7.7% in 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. Institutional investors own 15.38% of the company’s stock.

Kirkland’s Price Performance

NASDAQ KIRK opened at $1.73 on Thursday. The stock’s 50 day simple moving average is $1.76 and its 200 day simple moving average is $1.75. Kirkland’s has a one year low of $1.39 and a one year high of $3.37. The firm has a market cap of $22.69 million, a PE ratio of -1.08 and a beta of 2.42.

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.