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

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 3,175 put options on the stock. This represents an increase of approximately 1,274% compared to the typical daily volume of 231 put options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Kirkland’s from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Kirkland’s by 12.1% during the third quarter. Vanguard Group Inc. now owns 665,653 shares of the specialty retailer’s stock valued at $2,004,000 after purchasing an additional 71,900 shares during the period. State Street Corp lifted its position in Kirkland’s by 0.7% during the first quarter. State Street Corp now owns 228,109 shares of the specialty retailer’s stock valued at $2,119,000 after purchasing an additional 1,606 shares during the period. Millennium Management LLC bought a new position in Kirkland’s during the second quarter valued at approximately $355,000. Renaissance Technologies LLC increased its holdings in Kirkland’s by 9.3% during the second quarter. Renaissance Technologies LLC now owns 97,300 shares of the specialty retailer’s stock valued at $271,000 after buying an additional 8,300 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Kirkland’s by 27.7% during the first quarter. American Century Companies Inc. now owns 76,138 shares of the specialty retailer’s stock valued at $707,000 after buying an additional 16,502 shares during the last quarter. Institutional investors own 15.38% of the company’s stock.

Kirkland’s Stock Down 4.4 %

Shares of Kirkland’s stock opened at $1.96 on Thursday. The company has a market cap of $25.34 million, a price-to-earnings ratio of -0.90 and a beta of 2.20. The company’s 50 day moving average is $2.54 and its 200 day moving average is $2.47. Kirkland’s has a twelve month low of $1.40 and a twelve month high of $3.88. The company has a quick ratio of 0.10, a current ratio of 0.78 and a debt-to-equity ratio of 10.88.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings data on Thursday, March 21st. The specialty retailer reported $0.78 earnings per share for the quarter. The company had revenue of $165.95 million for the quarter. Kirkland’s had a negative net margin of 5.92% and a negative return on equity of 870.01%.

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, and gifts.