Kirkland’s Sees Unusually High Options Volume (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of unusually large options trading on Wednesday. Stock traders purchased 9,808 call options on the company. This is an increase of approximately 1,683% compared to the typical daily volume of 550 call options.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Kirkland’s in a research note on Wednesday, October 23rd. Craig Hallum reduced their price objective 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.

Kirkland’s Stock Performance

NASDAQ KIRK opened at $1.64 on Thursday. The company has a market cap of $21.38 million, a P/E ratio of -0.86 and a beta of 2.38. The company has a debt-to-equity ratio of 10.88, a quick ratio of 0.11 and a current ratio of 0.88. The business’s 50 day moving average price is $1.85 and its 200-day moving average price is $1.82. Kirkland’s has a fifty-two week low of $1.39 and a fifty-two week high of $3.54.

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

Hedge Funds Weigh In On Kirkland’s

An institutional investor recently bought a new position in Kirkland’s stock. PEAK6 Investments LLC acquired a new stake in shares of Kirkland’s, Inc. (NASDAQ:KIRK) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 233,913 shares of the specialty retailer’s stock, valued at approximately $564,000. PEAK6 Investments LLC owned 1.81% of Kirkland’s as of its most recent SEC filing. Hedge funds and other institutional investors 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, outdoor, and gifts.