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

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of unusually large options trading activity on Wednesday. Traders purchased 9,808 call options on the stock. This is an increase of 1,683% compared to the typical daily volume of 550 call options.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KIRK. Quadrature Capital Ltd acquired a new stake in Kirkland’s in the 4th quarter valued at about $42,000. Mercer Global Advisors Inc. ADV acquired a new stake in Kirkland’s in the 3rd quarter valued at about $32,000. LPL Financial LLC raised its holdings in Kirkland’s by 89.6% in the 3rd quarter. LPL Financial LLC now owns 24,270 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 11,468 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Kirkland’s in the 3rd quarter valued at about $31,000. Finally, Renaissance Technologies LLC raised its holdings in Kirkland’s by 9.3% in the 2nd quarter. Renaissance Technologies LLC now owns 97,300 shares of the specialty retailer’s stock valued at $271,000 after acquiring an additional 8,300 shares during the last quarter. Institutional investors and hedge funds own 15.38% of the company’s stock.

Kirkland’s Stock Down 4.4 %

KIRK opened at $1.96 on Thursday. Kirkland’s has a twelve month low of $1.40 and a twelve month high of $3.88. The company has a quick ratio of 0.10, a current ratio of 0.78 and a debt-to-equity ratio of 10.88. The company has a 50-day moving average price of $2.54 and a 200 day moving average price of $2.47. The company has a market cap of $25.34 million, a PE ratio of -0.90 and a beta of 2.20.

Kirkland’s (NASDAQ:KIRK) last released its quarterly earnings results on Thursday, March 21st. The specialty retailer reported $0.78 earnings per share for the quarter. Kirkland’s had a negative net margin of 5.92% and a negative return on equity of 870.01%. The firm had revenue of $165.95 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Kirkland’s from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd.

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, and gifts.