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

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

Kirkland’s Trading Down 0.6 %

Shares of KIRK opened at $1.56 on Friday. The firm’s 50 day moving average is $1.70 and its 200-day moving average is $1.73. The stock has a market capitalization of $20.47 million, a PE ratio of -0.97 and a beta of 2.46. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.30.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings results on Friday, December 6th. The specialty retailer reported ($0.29) EPS for the quarter.

Institutional Investors Weigh In On Kirkland’s

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Kirkland’s by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after purchasing an additional 9,431 shares in the last quarter. Wolverine Trading LLC purchased a new position in Kirkland’s in the third quarter valued at about $26,000. Finally, Dupree Financial Group LLC boosted its stake in Kirkland’s by 28.3% in the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after acquiring an additional 7,000 shares during the last quarter. 15.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and issued a $7.00 target price on shares of Kirkland’s in a research note on Wednesday, October 23rd.

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, outdoor, and gifts.