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

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

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, February 18th.

Institutional Investors Weigh In On Kirkland’s

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Kirkland’s by 7.7% during the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after buying an additional 9,431 shares during the period. Wolverine Trading LLC purchased a new position in shares of Kirkland’s during the 3rd quarter worth $26,000. Dupree Financial Group LLC boosted its stake in shares of Kirkland’s by 47.3% during the 4th quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock worth $76,000 after acquiring an additional 15,000 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Kirkland’s during the 4th quarter valued at $30,000. Finally, Shay Capital LLC increased its stake 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 worth $189,000 after purchasing an additional 63,310 shares in the last quarter. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Kirkland’s Trading Down 4.7 %

Shares of KIRK opened at $1.23 on Friday. The firm has a fifty day simple moving average of $1.55 and a two-hundred day simple moving average of $1.70. The firm has a market cap of $16.14 million, a PE ratio of -0.77 and a beta of 2.44. Kirkland’s has a 1-year low of $1.22 and a 1-year high of $3.00.

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

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.