Kirkland’s Target of Unusually High Options Trading (NASDAQ:KIRK)

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

Kirkland’s Stock Down 1.2 %

Shares of KIRK stock opened at $1.65 on Friday. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.30. The company has a market cap of $21.64 million, a PE ratio of -1.03 and a beta of 2.46. The business’s 50 day moving average is $1.71 and its two-hundred day moving average is $1.73.

Institutional Trading of Kirkland’s

Large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Kirkland’s by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after acquiring an additional 9,431 shares during the period. Dupree Financial Group LLC boosted its holdings in Kirkland’s by 28.3% during the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after acquiring an additional 7,000 shares during the period. Finally, Wolverine Trading LLC acquired a new stake in shares of Kirkland’s in the third quarter valued at about $26,000. 15.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and set a $7.00 target price on shares of Kirkland’s in a report on Wednesday, October 23rd.

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.