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

Kirkland’s, Inc. (NASDAQ:KIRK) saw some unusual 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 typical volume of 550 call options.

Institutional Trading of Kirkland’s

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Kirkland’s by 12.1% during the 3rd quarter. Vanguard Group Inc. now owns 665,653 shares of the specialty retailer’s stock valued at $2,004,000 after buying an additional 71,900 shares in the last quarter. State Street Corp raised its holdings in Kirkland’s by 0.7% during the 1st quarter. State Street Corp now owns 228,109 shares of the specialty retailer’s stock valued at $2,119,000 after acquiring an additional 1,606 shares during the period. Millennium Management LLC purchased a new stake in shares of Kirkland’s during the second quarter worth $355,000. Renaissance Technologies LLC boosted its holdings in shares of Kirkland’s by 9.3% in the second quarter. Renaissance Technologies LLC now owns 97,300 shares of the specialty retailer’s stock worth $271,000 after acquiring an additional 8,300 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Kirkland’s by 27.7% in the first quarter. American Century Companies Inc. now owns 76,138 shares of the specialty retailer’s stock worth $707,000 after acquiring an additional 16,502 shares during the period. 15.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Kirkland’s in a report on Thursday, October 5th. They issued a “sell” rating for the company.

Kirkland’s Stock Performance

Shares of KIRK stock opened at $1.80 on Thursday. Kirkland’s has a one year low of $1.40 and a one year high of $4.87. The firm has a 50-day moving average of $1.75 and a 200-day moving average of $2.48. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.89 and a quick ratio of 0.09. The company has a market cap of $23.26 million, a P/E ratio of -0.54 and a beta of 2.00.

Kirkland’s (NASDAQ:KIRK) last released its earnings results on Wednesday, September 6th. The specialty retailer reported ($1.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.11) by ($0.40). The company had revenue of $89.50 million for the quarter. Kirkland’s had a negative net margin of 8.88% and a negative return on equity of 189.84%.

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, and gifts.