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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. PEAK6 LLC purchased a new position in shares of Kirkland’s during the fourth quarter valued at $379,000. Geode Capital Management LLC grew its holdings in shares of 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 buying an additional 9,431 shares in the last quarter. Shay Capital LLC grew its holdings in shares of Kirkland’s by 118.7% during 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. Dupree Financial Group LLC boosted 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 valued at $76,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Kirkland’s during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Wall Street Analyst Weigh In

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

Kirkland’s Trading Up 2.5%

Shares of KIRK stock opened at $1.21 on Friday. Kirkland’s has a 1-year low of $1.10 and a 1-year high of $2.57. The company has a market capitalization of $27.17 million, a price-to-earnings ratio of -0.76 and a beta of 2.66. The stock’s fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.49.

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.