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

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

Institutional Trading of Kirkland’s

Several institutional investors have recently made changes to their positions in KIRK. Wolverine Trading LLC bought a new position in shares of Kirkland’s during the third quarter worth $26,000. Dupree Financial Group LLC grew its holdings in Kirkland’s by 28.3% during the 3rd 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 in the last quarter. Finally, PEAK6 Investments LLC bought a new stake in Kirkland’s in the 1st quarter worth approximately $564,000. Hedge funds and other institutional investors own 15.38% of the company’s stock.

Wall Street Analysts Forecast Growth

KIRK has been the subject of several research reports. Benchmark reaffirmed a “buy” rating and set a $7.00 price target on shares of Kirkland’s in a research report on Wednesday, October 23rd. Craig Hallum decreased their price target on shares of Kirkland’s from $2.50 to $2.00 and set a “hold” rating on the stock in a research report on Friday, September 6th.

Kirkland’s Stock Down 1.9 %

Shares of NASDAQ KIRK traded down $0.03 during trading on Friday, hitting $1.59. The company had a trading volume of 118,462 shares, compared to its average volume of 149,584. The stock has a 50 day simple moving average of $1.88 and a 200 day simple moving average of $1.80. Kirkland’s has a 12 month low of $1.39 and a 12 month high of $3.54.

Kirkland’s (NASDAQ:KIRK) last posted its quarterly earnings results on Thursday, September 5th. The specialty retailer reported ($1.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.31) by $0.20. The firm had revenue of $86.29 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, outdoor, and gifts.