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

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of some unusual options trading on Wednesday. Stock traders bought 9,808 call options on the company. This represents an increase of 1,683% compared to the typical daily volume of 550 call options.

Hedge Funds Weigh In On Kirkland’s

Hedge funds have recently made changes to their positions in the stock. Shay Capital LLC lifted its stake in Kirkland’s by 118.7% during the fourth quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock worth $189,000 after purchasing an additional 63,310 shares in the last quarter. PEAK6 LLC purchased a new stake in shares of Kirkland’s in the 4th quarter valued at $379,000. Virtu Financial LLC acquired a new position in Kirkland’s during the 4th quarter worth about $30,000. Dupree Financial Group LLC lifted its stake in Kirkland’s by 47.3% during the 4th quarter. Dupree Financial Group LLC now owns 46,700 shares of the specialty retailer’s stock worth $76,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Kirkland’s by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 132,445 shares of the specialty retailer’s stock valued at $290,000 after acquiring an additional 9,431 shares during the period. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Kirkland’s Price Performance

Shares of KIRK stock opened at $1.34 on Thursday. The company has a 50-day moving average of $1.46 and a two-hundred day moving average of $1.68. The firm has a market cap of $17.58 million, a PE ratio of -0.84 and a beta of 2.59. Kirkland’s has a 1-year low of $1.10 and a 1-year high of $3.00.

Analyst Upgrades and Downgrades

Separately, Craig Hallum raised Kirkland’s from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 18th.

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, outdoor, and gifts.