Traders Buy High Volume of Kirkland’s Call Options (NASDAQ:KIRK)

Kirkland’s, Inc. (NASDAQ:KIRK) was the recipient of unusually large options trading activity on Wednesday. Traders bought 9,808 call options on the stock. This is an increase of 1,683% compared to the average volume of 550 call options.

Kirkland’s Stock Down 4.4 %

Shares of NASDAQ KIRK opened at $1.96 on Thursday. The company has a quick ratio of 0.10, a current ratio of 0.78 and a debt-to-equity ratio of 10.88. Kirkland’s has a 52 week low of $1.40 and a 52 week high of $3.88. The firm’s fifty day moving average is $2.54 and its 200 day moving average is $2.47. The company has a market cap of $25.34 million, a price-to-earnings ratio of -0.90 and a beta of 2.20.

Kirkland’s (NASDAQ:KIRK) last issued its earnings results on Thursday, March 21st. The specialty retailer reported $0.78 EPS for the quarter. Kirkland’s had a negative net margin of 5.92% and a negative return on equity of 870.01%. The company had revenue of $165.95 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in Kirkland’s during the 1st quarter valued at $68,000. UBS Group AG increased its position in 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 purchasing an additional 6,754 shares during the period. Bank of America Corp DE increased its position in 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 purchasing an additional 9,069 shares during the period. LPL Financial LLC purchased a new position in Kirkland’s during the 4th quarter valued at $43,000. Finally, Quadrature Capital Ltd purchased a new position in Kirkland’s during the 4th quarter valued at $42,000. 15.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

About Kirkland’s

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.