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

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

Kirkland’s Stock Performance

Kirkland’s stock opened at $1.57 on Friday. Kirkland’s has a twelve month low of $1.05 and a twelve month high of $2.50. The firm has a market cap of $35.25 million, a PE ratio of -0.91 and a beta of 2.38. The firm’s 50 day moving average price is $1.20 and its two-hundred day moving average price is $1.31.

Kirkland’s (NASDAQ:KIRK) last posted 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 for the quarter, compared to analyst estimates of $85.56 million. During the same quarter in the previous year, the business earned ($0.65) earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Kirkland’s during the 4th quarter worth about $30,000. Shay Capital LLC raised its stake in shares of 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 purchasing an additional 63,310 shares in the last quarter. Finally, PEAK6 LLC purchased a new stake in shares of Kirkland’s during the 4th quarter worth about $379,000. Hedge funds and other institutional investors own 15.38% of the company’s stock.

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.