Traders Purchase High Volume of Put Options on Kirkland’s (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of some unusual options trading on Wednesday. Investors bought 3,175 put options on the stock. This is an increase of approximately 1,274% compared to the typical volume of 231 put options.

Institutional Trading of Kirkland’s

Several hedge funds have recently modified their holdings of the stock. Dupree Financial Group LLC boosted its holdings in Kirkland’s by 28.3% during the third quarter. Dupree Financial Group LLC now owns 31,700 shares of the specialty retailer’s stock worth $69,000 after buying an additional 7,000 shares during the last quarter. Geode Capital Management LLC grew its stake in Kirkland’s by 7.7% in the third 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. Finally, Wolverine Trading LLC bought a new stake in shares of Kirkland’s in the third quarter worth about $26,000. 15.38% of the stock is owned by institutional investors.

Kirkland’s Stock Down 4.0 %

KIRK stock opened at $1.58 on Friday. The business’s 50-day simple moving average is $1.68 and its 200 day simple moving average is $1.72. The company has a market cap of $20.73 million, a PE ratio of -0.99 and a beta of 2.45. Kirkland’s has a twelve month low of $1.39 and a twelve month high of $3.07.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Friday, December 6th. The specialty retailer reported ($0.29) EPS for the quarter.

Analysts Set New Price Targets

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

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.