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

Kirkland’s, Inc. (NASDAQ:KIRKGet Rating) was the target of unusually large options trading on Wednesday. Investors bought 3,175 put options on the company. This is an increase of 1,274% compared to the typical volume of 231 put options.

Several research firms recently weighed in on KIRK. StockNews.com began coverage on Kirkland’s in a research note on Thursday, March 31st. They set a “hold” rating for the company. Craig Hallum restated a “hold” rating and set a $15.00 target price (down previously from $30.00) on shares of Kirkland’s in a research note on Thursday, March 10th.

In other news, CFO Nicole Allyson Strain sold 12,000 shares of the business’s stock in a transaction dated Tuesday, March 22nd. The stock was sold at an average price of $11.30, for a total transaction of $135,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in KIRK. Osmium Partners LLC lifted its stake in shares of Kirkland’s by 19.2% in the 1st quarter. Osmium Partners LLC now owns 1,674,481 shares of the specialty retailer’s stock worth $15,556,000 after acquiring an additional 270,000 shares during the period. Paradigm Capital Management Inc. NY increased its position in Kirkland’s by 18.4% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,415,800 shares of the specialty retailer’s stock worth $27,197,000 after purchasing an additional 220,463 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in shares of Kirkland’s by 60.2% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 386,737 shares of the specialty retailer’s stock worth $3,593,000 after buying an additional 145,366 shares in the last quarter. Western Standard LLC acquired a new stake in shares of Kirkland’s in the 4th quarter valued at approximately $1,554,000. Finally, VIEX Capital Advisors LLC boosted its stake in shares of Kirkland’s by 115.4% in the third quarter. VIEX Capital Advisors LLC now owns 193,343 shares of the specialty retailer’s stock valued at $3,714,000 after buying an additional 103,600 shares in the last quarter. Institutional investors own 77.92% of the company’s stock.

KIRK stock opened at $7.54 on Thursday. The company has a market capitalization of $92.97 million, a P/E ratio of 4.80 and a beta of 1.77. The business has a 50 day simple moving average of $10.10 and a 200-day simple moving average of $15.42. Kirkland’s has a twelve month low of $6.86 and a twelve month high of $32.93.

Kirkland’s (NASDAQ:KIRKGet Rating) last issued its quarterly earnings data on Thursday, March 17th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.28. Kirkland’s had a net margin of 3.95% and a return on equity of 23.94%.

Kirkland’s Company Profile (Get Rating)

Kirkland's, Inc operates as a specialty retailer of home furnishings décor in the United States. The company's stores provide various merchandise, including holiday décor, furniture, textiles, ornamental wall décor, decorative accessories, art, mirrors, home fragrance, lighting, floral, housewares, and gifts.

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