Stock Traders Buy Large Volume of Kirkland’s Call Options (NASDAQ:KIRK)

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

Wall Street Analyst Weigh In

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

Kirkland’s Stock Performance

Shares of NASDAQ:KIRK opened at $1.56 on Friday. Kirkland’s has a fifty-two week low of $1.39 and a fifty-two week high of $3.30. The firm has a market cap of $20.47 million, a price-to-earnings ratio of -0.97 and a beta of 2.46. The business has a 50-day simple moving average of $1.70 and a two-hundred day simple moving average of $1.73.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Friday, December 6th. The specialty retailer reported ($0.29) EPS for the quarter.

Institutional Investors Weigh In On Kirkland’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wolverine Trading LLC purchased a new stake in Kirkland’s in the 3rd quarter worth approximately $26,000. Dupree Financial Group LLC boosted its stake 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 worth $69,000 after purchasing an additional 7,000 shares during the period. Finally, Geode Capital Management LLC boosted its stake 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 worth $290,000 after purchasing an additional 9,431 shares during the period. 15.38% of the stock is owned by hedge funds and other institutional investors.

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.