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

Kirkland’s, Inc. (NASDAQ:KIRK) saw some unusual options trading on Wednesday. Stock traders acquired 9,808 call options on the stock. This is an increase of 1,683% compared to the typical volume of 550 call options.

Kirkland’s Stock Up 0.3 %

NASDAQ:KIRK opened at $1.52 on Friday. Kirkland’s has a 52 week low of $1.39 and a 52 week high of $3.00. The company has a fifty day simple moving average of $1.61 and a two-hundred day simple moving average of $1.71. The company has a market cap of $19.99 million, a price-to-earnings ratio of -0.95 and a beta of 2.44.

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

Hedge Funds Weigh In On Kirkland’s

A number of institutional investors and hedge funds have recently made changes to their positions in KIRK. Wolverine Trading LLC purchased a new stake in shares of Kirkland’s during the third quarter worth approximately $26,000. Virtu Financial LLC acquired a new position in Kirkland’s during the 4th quarter worth approximately $30,000. Dupree Financial Group LLC increased its position in shares of Kirkland’s by 28.3% in the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after purchasing an additional 7,000 shares during the last quarter. Shay Capital LLC raised its holdings in shares of Kirkland’s by 118.7% in the 4th quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock valued at $189,000 after purchasing an additional 63,310 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Kirkland’s by 7.7% during 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 last quarter. 15.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.