Investors Purchase High Volume of Kirkland’s Call Options (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRKGet Free Report) saw unusually large options trading activity on Wednesday. Investors bought 9,808 call options on the stock. This represents an increase of approximately 1,683% compared to the average volume of 550 call options.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $7.00 price target on shares of Kirkland’s in a research report on Monday, December 4th. StockNews.com downgraded Kirkland’s from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th.

Read Our Latest Stock Analysis on Kirkland’s

Hedge Funds Weigh In On Kirkland’s

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Kirkland’s by 54.8% in the 4th quarter. JPMorgan Chase & Co. now owns 27,007 shares of the specialty retailer’s stock worth $89,000 after buying an additional 9,560 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Kirkland’s in the 2nd quarter worth approximately $71,000. Shay Capital LLC acquired a new position in shares of Kirkland’s in the 4th quarter worth approximately $70,000. Quantbot Technologies LP acquired a new position in shares of Kirkland’s in the 1st quarter worth approximately $68,000. Finally, Jane Street Group LLC acquired a new position in shares of Kirkland’s in the 3rd quarter worth approximately $59,000. Institutional investors and hedge funds own 15.77% of the company’s stock.

Kirkland’s Price Performance

Shares of NASDAQ:KIRK opened at $2.98 on Friday. The business has a 50 day moving average price of $2.85 and a 200 day moving average price of $2.46. Kirkland’s has a twelve month low of $1.40 and a twelve month high of $4.06. The company has a market cap of $38.50 million, a price-to-earnings ratio of -0.91 and a beta of 2.24. The company has a quick ratio of 0.10, a current ratio of 0.98 and a debt-to-equity ratio of 1.83.

Kirkland’s (NASDAQ:KIRKGet Free Report) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported ($0.50) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.04. The firm had revenue of $116.37 million during the quarter. Kirkland’s had a negative return on equity of 400.00% and a negative net margin of 8.96%.

Kirkland’s Company Profile

(Get Free Report)

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.

Further Reading

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