Stock Traders Purchase High Volume of Kirkland’s Put Options (NASDAQ:KIRK)

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Kirkland’s

A number of institutional investors have recently made changes to their positions in the stock. Shay Capital LLC raised its holdings in shares of Kirkland’s by 118.7% in the fourth quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock worth $189,000 after acquiring an additional 63,310 shares during the last quarter. PEAK6 LLC acquired a new position in shares of Kirkland’s in the fourth quarter worth $379,000. Virtu Financial LLC acquired a new position in shares of Kirkland’s in the fourth quarter worth $30,000. Dupree Financial Group LLC raised its holdings in shares of Kirkland’s by 47.3% in the fourth quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock worth $76,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 worth $290,000 after acquiring an additional 9,431 shares during the last quarter. 15.38% of the stock is owned by institutional investors and hedge funds.

Kirkland’s Stock Performance

Shares of KIRK stock opened at $1.34 on Friday. Kirkland’s has a 1 year low of $1.10 and a 1 year high of $3.00. The stock has a market cap of $17.58 million, a PE ratio of -0.84 and a beta of 2.59. The stock has a fifty day moving average price of $1.46 and a 200 day moving average price of $1.68.

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.