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

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of unusually large options trading activity on Wednesday. Investors bought 9,808 call options on the company. This represents an increase of approximately 1,683% compared to the typical volume of 550 call options.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. UBS Group AG grew its holdings in Kirkland’s by 717.0% during the 4th quarter. UBS Group AG now owns 7,696 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 6,754 shares during the period. Bank of America Corp DE grew its holdings in Kirkland’s by 75,575.0% during the 1st quarter. Bank of America Corp DE now owns 9,081 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 9,069 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Kirkland’s during the 3rd quarter worth $31,000. Mercer Global Advisors Inc. ADV acquired a new stake in Kirkland’s during the 3rd quarter worth $32,000. Finally, Quantbot Technologies LP grew its holdings in Kirkland’s by 36.5% during the 2nd quarter. Quantbot Technologies LP now owns 9,999 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 2,672 shares during the period. Institutional investors own 15.38% of the company’s stock.

Kirkland’s Stock Performance

NASDAQ:KIRK opened at $1.96 on Thursday. Kirkland’s has a 1 year low of $1.40 and a 1 year high of $3.88. The firm has a 50 day moving average of $2.54 and a 200-day moving average of $2.47. The company has a current ratio of 0.78, a quick ratio of 0.10 and a debt-to-equity ratio of 10.88. The stock has a market capitalization of $25.34 million, a P/E ratio of -0.90 and a beta of 2.20.

Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings data 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.

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.