Traders Purchase Large Volume of Kirkland’s Put Options (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) saw unusually large options trading on Wednesday. Stock investors bought 3,175 put options on the company. This represents an increase of 1,274% compared to the typical volume of 231 put options.

Analysts Set New Price Targets

KIRK has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $7.00 price objective on shares of Kirkland’s in a research note on Wednesday, October 23rd. Craig Hallum decreased their price target on shares of Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a research report on Friday, September 6th.

Kirkland’s Stock Up 0.6 %

Kirkland’s stock opened at $1.73 on Thursday. The business has a 50 day moving average price of $1.76 and a two-hundred day moving average price of $1.75. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.37. The stock has a market cap of $22.69 million, a price-to-earnings ratio of -1.08 and a beta of 2.42.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Wolverine Trading LLC bought a new stake in Kirkland’s in the 3rd quarter valued at $26,000. Dupree Financial Group LLC increased its stake in 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 during the period. Finally, Geode Capital Management LLC increased 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 valued at $290,000 after acquiring an additional 9,431 shares during the period. 15.38% of the stock is currently owned by institutional investors and hedge funds.

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.