Traders Buy High Volume of Put Options on Kirkland’s (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) saw unusually large options trading activity on Wednesday. Traders bought 3,175 put options on the company. This is an increase of approximately 1,274% compared to the average volume of 231 put options.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. PEAK6 Investments LLC bought a new position in shares of Kirkland’s in the first quarter worth $564,000. Dupree Financial Group LLC bought a new position in Kirkland’s in the first quarter valued at $175,000. Finally, Quadrature Capital Ltd bought a new position in Kirkland’s in the fourth quarter valued at $42,000. Institutional investors own 15.38% of the company’s stock.

Kirkland’s Trading Down 4.0 %

Shares of KIRK stock opened at $1.68 on Thursday. The company’s fifty day simple moving average is $1.94 and its two-hundred day simple moving average is $2.48. The company has a debt-to-equity ratio of 10.88, a current ratio of 0.85 and a quick ratio of 0.10. Kirkland’s has a 1 year low of $1.40 and a 1 year high of $3.88. The stock has a market capitalization of $21.91 million, a price-to-earnings ratio of -0.88 and a beta of 2.24.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Thursday, June 6th. The specialty retailer reported ($0.68) earnings per share (EPS) for the quarter. Kirkland’s had a negative net margin of 5.28% and a negative return on equity of 870.01%. The business had revenue of $91.75 million for the quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $7.00 price target on shares of Kirkland’s in a report on Friday, June 7th. StockNews.com cut shares of Kirkland’s from a “hold” rating to a “sell” rating in a report on Friday, June 7th.

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, and gifts.