Kirkland’s, Inc. (NASDAQ:KIRK – Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 9,808 call options on the stock. This is an increase of 1,683% compared to the typical volume of 550 call options.
Institutional Investors Weigh In On Kirkland’s
Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG grew its holdings in Kirkland’s by 717.0% during the 4th quarter. UBS Group AG now owns 7,696 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 6,754 shares in the last quarter. Bank of America Corp DE raised 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 worth $26,000 after buying an additional 9,069 shares during the last quarter. Quantbot Technologies LP raised its position in Kirkland’s by 36.5% during the 2nd quarter. Quantbot Technologies LP now owns 9,999 shares of the specialty retailer’s stock worth $35,000 after buying an additional 2,672 shares during the last quarter. LPL Financial LLC purchased a new position in Kirkland’s during the 4th quarter worth approximately $43,000. Finally, Jane Street Group LLC purchased a new position in Kirkland’s during the 3rd quarter worth approximately $59,000. Hedge funds and other institutional investors own 15.77% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on KIRK shares. Craig Hallum boosted their price objective on shares of Kirkland’s from $2.50 to $2.75 in a report on Friday, June 9th. StockNews.com lowered shares of Kirkland’s from a “hold” rating to a “sell” rating in a research report on Monday, September 11th.
Kirkland’s Price Performance
KIRK stock opened at $1.70 on Thursday. Kirkland’s has a one year low of $1.63 and a one year high of $4.87. The company’s fifty day moving average price is $2.50 and its 200-day moving average price is $2.73. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.09 and a current ratio of 0.89. The company has a market capitalization of $21.96 million, a PE ratio of -0.51 and a beta of 1.93.
Kirkland’s (NASDAQ:KIRK – Get Free Report) last released its quarterly earnings results on Wednesday, September 6th. The specialty retailer reported ($1.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.11) by ($0.40). The business had revenue of $89.50 million for the quarter. Kirkland’s had a negative net margin of 8.88% and a negative return on equity of 189.84%.
Kirkland’s Company Profile
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.
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