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

Posted by Defense World Staff on Jun 15th, 2023

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

Institutional Trading of Kirkland’s

A number of hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Kirkland’s by 27.7% during 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 in the last quarter. Federated Hermes Inc. grew its holdings in shares of Kirkland’s by 121.2% during the first quarter. Federated Hermes Inc. now owns 73,595 shares of the specialty retailer’s stock valued at $684,000 after buying an additional 40,326 shares during the last quarter. DCF Advisers LLC bought a new stake in Kirkland’s in the 1st quarter worth about $224,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Kirkland’s in the first quarter worth approximately $673,000. Finally, Invesco Ltd. raised its stake in Kirkland’s by 122.7% during the 1st quarter. Invesco Ltd. now owns 57,925 shares of the specialty retailer’s stock valued at $539,000 after buying an additional 31,918 shares during the last quarter. Institutional investors own 37.47% of the company’s stock.

Kirkland’s Price Performance

Shares of NASDAQ:KIRK opened at $2.93 on Thursday. The company’s fifty day moving average price is $2.91 and its 200-day moving average price is $3.21. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.91 and a quick ratio of 0.11. The firm has a market capitalization of $37.53 million, a price-to-earnings ratio of -0.76 and a beta of 1.83. Kirkland’s has a one year low of $2.55 and a one year high of $7.19.

Kirkland’s (NASDAQ:KIRK – Get Rating) last released its earnings results on Tuesday, April 4th. The specialty retailer reported ($0.12) EPS for the quarter. Kirkland’s had a negative net margin of 9.94% and a negative return on equity of 118.19%. The firm had revenue of $162.48 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KIRK. StockNews.com raised shares of Kirkland’s from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Benchmark decreased their target price on Kirkland’s from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, April 5th. Finally, Craig Hallum lifted their price target on Kirkland’s from $2.50 to $2.75 in a research report on Friday, June 9th.

Kirkland’s Company Profile

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Kirkland’s, Inc operates as a retailer of home decor and gifts in the United States. Its stores present a selection of merchandise, including framed art, mirrors, wall decor, candles and related items, lamps, decorative accessories, accent furniture, textiles, garden-related accessories and artificial floral products.