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

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 9,808 call options on the stock. This represents an increase of 1,683% compared to the average volume of 550 call options.

Kirkland’s Stock Performance

Kirkland’s stock opened at $1.73 on Thursday. The company has a market capitalization of $22.69 million, a PE ratio of -1.08 and a beta of 2.42. The company has a 50 day moving average price of $1.76 and a 200-day moving average price of $1.75. Kirkland’s has a fifty-two week low of $1.39 and a fifty-two week high of $3.37.

Analysts Set New Price Targets

A number of research firms recently issued reports on KIRK. Craig Hallum dropped their price objective on Kirkland’s from $2.50 to $2.00 and set a “hold” rating for the company in a report on Friday, September 6th. Benchmark reissued a “buy” rating and set a $7.00 target price on shares of Kirkland’s in a research note on Wednesday, October 23rd.

Institutional Investors Weigh In On Kirkland’s

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wolverine Trading LLC bought a new position in shares of Kirkland’s during the 3rd quarter worth $26,000. Dupree Financial Group LLC raised its holdings in shares of Kirkland’s by 28.3% in the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Kirkland’s by 7.7% in the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after acquiring an additional 9,431 shares during the period. 15.38% of the stock is owned by institutional investors.

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.