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 acquired 3,175 put options on the company. This is an increase of 1,274% compared to the typical daily volume of 231 put options.

Kirkland’s Stock Performance

Shares of Kirkland’s stock opened at $1.96 on Thursday. The company has a market cap of $25.34 million, a PE ratio of -0.90 and a beta of 2.20. Kirkland’s has a 52 week low of $1.40 and a 52 week high of $3.88. The business has a 50 day moving average price of $2.54 and a 200-day moving average price 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 issued its quarterly earnings results on Thursday, March 21st. The specialty retailer reported $0.78 EPS for the quarter. Kirkland’s had a negative return on equity of 870.01% and a negative net margin of 5.92%. The company had revenue of $165.95 million during the quarter.

Institutional Investors Weigh In On Kirkland’s

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Kirkland’s by 12.1% in the third quarter. Vanguard Group Inc. now owns 665,653 shares of the specialty retailer’s stock worth $2,004,000 after purchasing an additional 71,900 shares during the last quarter. State Street Corp grew its stake in shares of Kirkland’s by 0.7% in the first quarter. State Street Corp now owns 228,109 shares of the specialty retailer’s stock worth $2,119,000 after purchasing an additional 1,606 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Kirkland’s in the second quarter worth about $355,000. Renaissance Technologies LLC boosted its position 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 acquiring an additional 8,300 shares in the last quarter. Finally, American Century Companies Inc. boosted its position 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 acquiring an additional 16,502 shares in the last quarter. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Wall Street Analyst Weigh In

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

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, and gifts.