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

Kirkland’s, Inc. (NASDAQ:KIRKGet Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 3,175 put options on the stock. This is an increase of 1,274% compared to the typical volume of 231 put options.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kirkland’s from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd.

Check Out Our Latest Research Report on KIRK

Kirkland’s Stock Performance

NASDAQ:KIRK opened at $2.35 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.10 and a debt-to-equity ratio of 10.88. The firm has a market capitalization of $30.39 million, a price-to-earnings ratio of -1.08 and a beta of 2.20. The firm’s fifty day simple moving average is $2.71 and its 200 day simple moving average is $2.44. Kirkland’s has a twelve month low of $1.40 and a twelve month high of $3.88.

Hedge Funds Weigh In On Kirkland’s

Several hedge funds and other institutional investors have recently made changes to their positions in KIRK. UBS Group AG lifted its holdings in shares of Kirkland’s by 717.0% during the 4th quarter. UBS Group AG now owns 7,696 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 6,754 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Kirkland’s by 75,575.0% during the 1st quarter. Bank of America Corp DE now owns 9,081 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 9,069 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Kirkland’s during the 3rd quarter valued at $31,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Kirkland’s during the 3rd quarter valued at $32,000. Finally, Quantbot Technologies LP lifted its holdings in Kirkland’s by 36.5% in the 2nd quarter. Quantbot Technologies LP now owns 9,999 shares of the specialty retailer’s stock worth $35,000 after buying an additional 2,672 shares in the last quarter. Institutional investors and hedge funds own 15.38% of the company’s stock.

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, and gifts.

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