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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Kirkland’s stock. PEAK6 Investments LLC acquired a new position in shares of Kirkland’s, Inc. (NASDAQ:KIRK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 233,913 shares of the specialty retailer’s stock, valued at approximately $564,000. PEAK6 Investments LLC owned about 1.81% of Kirkland’s at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Wall Street Analysts Forecast Growth

KIRK has been the topic of a number of research reports. Craig Hallum dropped their target price on Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a report on Friday, September 6th. Benchmark restated a “buy” rating and set a $7.00 price target on shares of Kirkland’s in a report on Wednesday, October 23rd.

Kirkland’s Trading Down 0.9 %

KIRK traded down $0.02 during trading on Thursday, hitting $1.66. The stock had a trading volume of 14,003 shares, compared to its average volume of 149,048. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.54. The company has a 50 day simple moving average of $1.87 and a 200-day simple moving average of $1.80. The firm has a market cap of $21.71 million, a PE ratio of -1.11 and a beta of 2.42.

Kirkland’s (NASDAQ:KIRK) last announced its quarterly earnings data on Thursday, September 5th. The specialty retailer reported ($1.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.31) by $0.20. The company had revenue of $86.29 million during the quarter.

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.