Stock Traders Buy High 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 purchased 9,808 call options on the stock. This represents an increase of approximately 1,683% compared to the average volume of 550 call options.

Kirkland’s Stock Performance

NASDAQ:KIRK opened at $1.93 on Friday. The company has a market cap of $25.17 million, a P/E ratio of -1.01 and a beta of 2.36. Kirkland’s has a twelve month low of $1.39 and a twelve month high of $3.54. The company’s 50-day moving average price is $1.62 and its 200-day moving average price is $1.92. The company has a current ratio of 0.88, a quick ratio of 0.11 and a debt-to-equity ratio of 10.88.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings data on Thursday, September 5th. The specialty retailer reported ($1.11) EPS for the quarter, beating analysts’ consensus estimates of ($1.31) by $0.20. The company had revenue of $86.29 million during the quarter. Kirkland’s had a negative net margin of 4.26% and a negative return on equity of 870.01%.

Institutional Investors Weigh In On Kirkland’s

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new position in Kirkland’s during the fourth quarter worth $42,000. Dupree Financial Group LLC purchased a new position in shares of Kirkland’s during the 1st quarter worth $175,000. Finally, PEAK6 Investments LLC purchased a new position in shares of Kirkland’s during the 1st quarter worth $564,000. Institutional investors and hedge funds own 15.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KIRK. StockNews.com cut Kirkland’s from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Craig Hallum lowered their price target on Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a research note on Friday, September 6th. Finally, Benchmark reiterated a “buy” rating and set a $7.00 price target on shares of Kirkland’s in a research report on Thursday, September 12th.

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.