Stock Traders Purchase Large Volume of Kirkland’s Call Options (NASDAQ:KIRK)

Posted by Tech Dows on Jan 10th, 2025

Kirkland’s, Inc. (NASDAQ:KIRK – Get Free Report) was the target of unusually large options trading on Wednesday. Traders bought 9,808 call options on the stock. This represents an increase of approximately 1,683% compared to the typical daily volume of 550 call options.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on KIRK

Institutional Investors Weigh In On Kirkland’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in shares of Kirkland’s by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock worth $290,000 after purchasing an additional 9,431 shares during the period. Dupree Financial Group LLC lifted its position in Kirkland’s by 28.3% in the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock valued at $69,000 after buying an additional 7,000 shares during the last quarter. Finally, Wolverine Trading LLC purchased a new position in Kirkland’s during the third quarter worth about $26,000. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Kirkland’s Stock Performance

KIRK stock opened at $1.65 on Friday. Kirkland’s has a one year low of $1.39 and a one year high of $3.30. The firm has a market cap of $21.64 million, a PE ratio of -1.03 and a beta of 2.46. The firm’s 50 day moving average price is $1.71 and its 200-day moving average price is $1.73.

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, outdoor, and gifts.