Kirkland’s Target of Unusually High Options Trading (NASDAQ:KIRK)

Posted by Doug Madison on May 17th, 2024

Kirkland’s, Inc. (NASDAQ:KIRK – Get Free Report) was the target of some unusual options trading on Wednesday. Traders acquired 3,175 put options on the stock. This represents an increase of approximately 1,274% compared to the average volume of 231 put options.

Kirkland’s Trading Up 3.2 %

KIRK opened at $1.91 on Friday. The firm has a market cap of $24.91 million, a P/E ratio of -0.88 and a beta of 2.27. The business has a fifty day simple moving average of $2.20 and a 200-day simple moving average of $2.50. Kirkland’s has a 52 week low of $1.40 and a 52 week 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 – Get Free Report) last posted its earnings results on Thursday, March 21st. The specialty retailer reported $0.78 EPS for the quarter. The business had revenue of $165.95 million for the quarter. Kirkland’s had a negative return on equity of 870.01% and a negative net margin of 5.92%.

Analyst Ratings Changes

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

Get Our Latest Research Report on KIRK

Institutional Trading of Kirkland’s

A number of institutional investors have recently bought and sold shares of the company. PEAK6 Investments LLC purchased a new position in shares of Kirkland’s during the 1st quarter worth about $564,000. Dupree Financial Group LLC acquired a new stake in Kirkland’s in the first quarter valued at approximately $175,000. Finally, Quadrature Capital Ltd acquired a new stake in Kirkland’s in the fourth quarter valued at approximately $42,000. 15.38% of the stock is currently owned by hedge funds and other institutional investors.

Kirkland’s Company Profile

(Get Free Report)

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.