Kirkland’s Sees Unusually Large Options Volume (NASDAQ:KIRK)

Posted by Defense World Staff on Jul 13th, 2023

Kirkland’s, Inc. (NASDAQ:KIRK – Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors purchased 3,175 put options on the company. This is an increase of approximately 1,274% compared to the typical daily volume of 231 put options.

Institutional Investors Weigh In On Kirkland’s

A number of hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of Kirkland’s during the first quarter valued at approximately $68,000. UBS Group AG lifted its position 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 buying an additional 6,754 shares during the last quarter. Bank of America Corp DE lifted its position 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 buying an additional 9,069 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Kirkland’s during the 4th quarter valued at $43,000. Finally, Jane Street Group LLC bought a new stake in shares of Kirkland’s during the 3rd quarter valued at $59,000. 16.58% of the stock is currently owned by institutional investors.

Kirkland’s Stock Performance

NASDAQ:KIRK opened at $2.86 on Thursday. The stock’s 50-day simple moving average is $2.90 and its 200 day simple moving average is $3.08. Kirkland’s has a twelve month low of $2.55 and a twelve month high of $7.19. The firm has a market capitalization of $36.65 million, a PE ratio of -0.74 and a beta of 1.78. The company has a quick ratio of 0.11, a current ratio of 0.91 and a debt-to-equity ratio of 1.83.

Kirkland’s (NASDAQ:KIRK – Get Free Report) last posted its quarterly earnings data on Thursday, June 8th. The specialty retailer reported ($0.95) EPS for the quarter. The company had revenue of $96.88 million during the quarter. Kirkland’s had a negative return on equity of 118.19% and a negative net margin of 9.94%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KIRK. Benchmark dropped their price objective on Kirkland’s from $10.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, April 5th. StockNews.com upgraded Kirkland’s from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Craig Hallum raised their price target on Kirkland’s from $2.50 to $2.75 in a research report on Friday, June 9th.

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.