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

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of unusually large options trading on Wednesday. Traders purchased 3,175 put options on the stock. This represents an increase of 1,274% compared to the typical daily volume of 231 put options.

Institutional Trading of Kirkland’s

Several institutional investors have recently modified their holdings of KIRK. Vanguard Group Inc. grew its stake in shares of Kirkland’s by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 665,653 shares of the specialty retailer’s stock valued at $2,004,000 after buying an additional 71,900 shares during the period. State Street Corp grew its stake in shares of Kirkland’s by 0.7% in the 1st quarter. State Street Corp now owns 228,109 shares of the specialty retailer’s stock valued at $2,119,000 after buying an additional 1,606 shares during the period. Millennium Management LLC acquired a new stake in shares of Kirkland’s in the 2nd quarter valued at about $355,000. Renaissance Technologies LLC boosted its stake in Kirkland’s by 9.3% during the 2nd quarter. Renaissance Technologies LLC now owns 97,300 shares of the specialty retailer’s stock valued at $271,000 after purchasing an additional 8,300 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Kirkland’s by 27.7% during the 1st quarter. American Century Companies Inc. now owns 76,138 shares of the specialty retailer’s stock valued at $707,000 after purchasing an additional 16,502 shares during the last quarter. Institutional investors own 15.38% of the company’s stock.

Kirkland’s Trading Down 4.4 %

Shares of NASDAQ:KIRK opened at $1.96 on Thursday. Kirkland’s has a 12-month low of $1.40 and a 12-month high of $3.88. The stock has a market cap of $25.34 million, a PE ratio of -0.90 and a beta of 2.20. The business has a 50 day moving average of $2.54 and a 200-day moving average of $2.47. The company has a quick ratio of 0.10, a current ratio of 0.78 and a debt-to-equity ratio of 10.88.

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 company had revenue of $165.95 million during the quarter.

Analysts Set New Price Targets

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

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.