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

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on KIRK shares. StockNews.com downgraded Kirkland’s from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Benchmark reiterated a “buy” rating and issued a $7.00 target price on shares of Kirkland’s in a research note on Friday, June 7th.

Kirkland’s Price Performance

KIRK stock opened at $1.75 on Friday. The company has a debt-to-equity ratio of 10.88, a quick ratio of 0.10 and a current ratio of 0.85. Kirkland’s has a 1 year low of $1.40 and a 1 year high of $3.88. The firm has a market cap of $22.82 million, a P/E ratio of -0.92 and a beta of 2.39. The stock has a 50-day simple moving average of $1.87 and a 200-day simple moving average of $2.36.

Kirkland’s (NASDAQ:KIRK) last posted its earnings results on Thursday, June 6th. The specialty retailer reported ($0.68) earnings per share (EPS) for the quarter. Kirkland’s had a negative net margin of 5.28% and a negative return on equity of 870.01%. The company had revenue of $91.75 million during the quarter.

Institutional Investors Weigh In On Kirkland’s

A number of hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new stake in Kirkland’s during the 4th quarter valued at approximately $42,000. Dupree Financial Group LLC acquired a new stake in Kirkland’s during the 1st quarter valued at approximately $175,000. Finally, PEAK6 Investments LLC acquired a new stake in Kirkland’s during the 1st quarter valued at approximately $564,000. Institutional investors and hedge funds own 15.38% of the company’s stock.

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.