Traders Buy High Volume of Kirkland’s Call Options (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 9,808 call options on the stock. This represents an increase of 1,683% compared to the average daily volume of 550 call options.

Institutional Investors Weigh In On Kirkland’s

Several hedge funds have recently made changes to their positions in the business. PEAK6 Investments LLC acquired a new position in Kirkland’s in the first quarter valued at $564,000. Quadrature Capital Ltd purchased a new stake in Kirkland’s in the 4th quarter valued at about $42,000. Finally, Dupree Financial Group LLC acquired a new position in shares of Kirkland’s during the 1st quarter valued at about $175,000. Institutional investors and hedge funds own 15.38% of the company’s stock.

Analyst Upgrades and Downgrades

KIRK has been the subject of several research reports. Benchmark restated a “buy” rating and set a $7.00 price objective on shares of Kirkland’s in a research report on Friday, June 7th. StockNews.com cut Kirkland’s from a “hold” rating to a “sell” rating in a report on Friday, June 7th.

Kirkland’s Price Performance

Kirkland’s stock opened at $1.52 on Thursday. The stock has a market capitalization of $19.82 million, a P/E ratio of -0.80 and a beta of 2.39. Kirkland’s has a 12-month low of $1.39 and a 12-month high of $3.54. The company has a debt-to-equity ratio of 10.88, a current ratio of 0.85 and a quick ratio of 0.10. The firm’s 50-day moving average is $1.60 and its two-hundred day moving average is $1.99.

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

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.