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

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of unusually large options trading on Wednesday. Traders bought 3,175 put options on the stock. This is an increase of 1,274% compared to the average volume of 231 put options.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upgraded Kirkland’s from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 18th.

Hedge Funds Weigh In On Kirkland’s

A number of hedge funds have recently bought and sold shares of KIRK. Shay Capital LLC increased its position in shares of Kirkland’s by 118.7% in the fourth quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock valued at $189,000 after buying an additional 63,310 shares in the last quarter. PEAK6 LLC acquired a new stake in Kirkland’s in the 4th quarter valued at $379,000. Virtu Financial LLC purchased a new stake in Kirkland’s in the 4th quarter worth $30,000. Dupree Financial Group LLC raised its position in Kirkland’s by 47.3% during the fourth quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock worth $76,000 after acquiring an additional 15,000 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Kirkland’s by 7.7% during the third quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after purchasing an additional 9,431 shares in the last quarter. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Kirkland’s Stock Up 1.6 %

KIRK stock opened at $1.31 on Thursday. Kirkland’s has a 52-week low of $1.10 and a 52-week high of $2.57. The firm has a market cap of $17.18 million, a P/E ratio of -0.82 and a beta of 2.59. The company’s 50-day simple moving average is $1.41 and its 200-day simple moving average is $1.66.

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.