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

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

Wall Street Analyst Weigh In

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

Kirkland’s Price Performance

Kirkland’s stock opened at $1.34 on Thursday. The company’s fifty day moving average price is $1.46 and its two-hundred day moving average price is $1.68. Kirkland’s has a one year low of $1.10 and a one year high of $3.00. The company has a market capitalization of $17.58 million, a price-to-earnings ratio of -0.84 and a beta of 2.59.

Hedge Funds Weigh In On Kirkland’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KIRK. Wolverine Trading LLC acquired a new stake in shares of Kirkland’s in the third quarter valued at about $26,000. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 9,431 shares during the period. Dupree Financial Group LLC grew its holdings in Kirkland’s by 47.3% in the 4th quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock valued at $76,000 after buying an additional 15,000 shares during the last quarter. Virtu Financial LLC bought a new position in Kirkland’s in the 4th quarter worth approximately $30,000. Finally, PEAK6 LLC acquired a new position in shares of Kirkland’s during the fourth quarter worth approximately $379,000. Institutional investors and hedge funds own 15.38% of the company’s stock.

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.