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

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

Institutional Investors Weigh In On Kirkland’s

Several institutional investors have recently made changes to their positions in the stock. PEAK6 Investments LLC purchased a new stake in Kirkland’s during the first quarter worth $564,000. Geode Capital Management LLC increased its stake in shares of Kirkland’s by 7.7% during 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. Dupree Financial Group LLC raised its position in shares of Kirkland’s by 28.3% during the 3rd quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Wolverine Trading LLC purchased a new stake in Kirkland’s in the 3rd quarter valued at approximately $26,000. 15.38% of the stock is currently owned by hedge funds and other institutional investors.

Kirkland’s Trading Up 2.3 %

Shares of Kirkland’s stock opened at $1.75 on Friday. Kirkland’s has a 52-week low of $1.39 and a 52-week high of $3.54. The company’s 50-day simple moving average is $1.87 and its 200-day simple moving average is $1.78.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Thursday, September 5th. The specialty retailer reported ($1.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.31) by $0.20. The business had revenue of $86.29 million for the quarter.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KIRK shares. Benchmark reissued a “buy” rating and set a $7.00 price target on shares of Kirkland’s in a report on Wednesday, October 23rd. Craig Hallum lowered their target price 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.

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.