Traders Buy Large Volume of Call Options on Kirkland’s (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of some unusual options trading activity on Wednesday. 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.

Wall Street Analysts Forecast Growth

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

Kirkland’s Stock Up 0.5 %

KIRK stock opened at $1.97 on Friday. Kirkland’s has a 12 month low of $1.40 and a 12 month high of $3.88. The firm has a market cap of $25.47 million, a PE ratio of -0.90 and a beta of 2.20. The firm has a 50 day simple moving average of $2.53 and a 200 day simple moving average of $2.46. The company has a debt-to-equity ratio of 10.88, a current ratio of 0.78 and a quick ratio of 0.10.

Kirkland’s (NASDAQ:KIRK) last released its earnings results on Thursday, March 21st. The specialty retailer reported $0.78 EPS for the quarter. Kirkland’s had a negative net margin of 5.92% and a negative return on equity of 870.01%. The business had revenue of $165.95 million during the quarter.

Institutional Investors Weigh In On Kirkland’s

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Kirkland’s by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 665,653 shares of the specialty retailer’s stock valued at $2,004,000 after acquiring an additional 71,900 shares in the last quarter. State Street Corp lifted its position in Kirkland’s by 0.7% in the 1st quarter. State Street Corp now owns 228,109 shares of the specialty retailer’s stock worth $2,119,000 after buying an additional 1,606 shares in the last quarter. Millennium Management LLC purchased a new stake in Kirkland’s in the 2nd quarter worth approximately $355,000. Renaissance Technologies LLC lifted its position in Kirkland’s by 9.3% in the 2nd quarter. Renaissance Technologies LLC now owns 97,300 shares of the specialty retailer’s stock worth $271,000 after buying an additional 8,300 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Kirkland’s by 27.7% in the 1st quarter. American Century Companies Inc. now owns 76,138 shares of the specialty retailer’s stock worth $707,000 after buying an additional 16,502 shares in the last quarter. Hedge funds and other institutional investors own 15.38% of the company’s stock.

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.