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

Kirkland’s, Inc. (NASDAQ:KIRK) saw unusually large options trading on Wednesday. Traders acquired 9,808 call options on the company. This represents an increase of approximately 1,683% compared to the average daily volume of 550 call options.

Analysts Set New Price Targets

Several research firms have recently commented on KIRK. Craig Hallum reduced their price target on Kirkland’s from $2.50 to $2.00 and set a “hold” rating for the company in a research report on Friday, September 6th. Benchmark reiterated a “buy” rating and issued a $7.00 target price on shares of Kirkland’s in a report on Wednesday, October 23rd.

Kirkland’s Trading Up 1.2 %

NASDAQ KIRK opened at $1.67 on Thursday. The firm’s fifty day simple moving average is $1.87 and its two-hundred day simple moving average is $1.80. The firm has a market capitalization of $21.91 million, a P/E ratio of -1.11 and a beta of 2.42. Kirkland’s has a 12-month low of $1.39 and a 12-month high of $3.54.

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

Hedge Funds Weigh In On Kirkland’s

An institutional investor recently bought a new position in Kirkland’s stock. PEAK6 Investments LLC purchased a new position in Kirkland’s, Inc. (NASDAQ:KIRK) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 233,913 shares of the specialty retailer’s stock, valued at approximately $564,000. PEAK6 Investments LLC owned about 1.81% of Kirkland’s at the end of the most recent quarter. Institutional investors and hedge funds 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.