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

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

Kirkland’s Price Performance

Shares of NASDAQ:KIRK opened at $1.08 on Friday. The business’s 50-day moving average is $1.18 and its 200 day moving average is $1.37. Kirkland’s has a 1 year low of $1.05 and a 1 year high of $2.50. The firm has a market capitalization of $24.25 million, a P/E ratio of -0.62 and a beta of 2.48.

Kirkland’s (NASDAQ:KIRK) last issued its quarterly earnings results on Tuesday, June 17th. The specialty retailer reported ($0.51) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.04). The firm had revenue of $81.50 million during the quarter, compared to analyst estimates of $85.56 million. During the same quarter last year, the firm earned ($0.65) EPS.

Institutional Investors Weigh In On Kirkland’s

Several institutional investors and hedge funds have recently made changes to their positions in KIRK. Virtu Financial LLC acquired a new position in shares of Kirkland’s in the 4th quarter valued at $30,000. Shay Capital LLC lifted its position in Kirkland’s by 118.7% during the 4th quarter. Shay Capital LLC now owns 116,655 shares of the specialty retailer’s stock worth $189,000 after acquiring an additional 63,310 shares during the period. Finally, PEAK6 LLC purchased a new stake in Kirkland’s during the 4th quarter valued at about $379,000. 15.38% of the stock is currently owned by institutional investors and hedge funds.

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, outdoor, and gifts.