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

Kirkland’s, Inc. (NASDAQ:KIRK) was the target of some unusual options trading activity on Wednesday. Stock traders bought 3,175 put options on the stock. This is an increase of 1,274% compared to the average volume of 231 put options.

Kirkland’s Stock Performance

NASDAQ:KIRK opened at $1.66 on Friday. The company has a debt-to-equity ratio of 10.88, a quick ratio of 0.10 and a current ratio of 0.85. The company has a fifty day moving average of $1.93 and a two-hundred day moving average of $2.48. The stock has a market capitalization of $21.65 million, a PE ratio of -0.87 and a beta of 2.24. Kirkland’s has a fifty-two week low of $1.40 and a fifty-two week high of $3.88.

Kirkland’s (NASDAQ:KIRK) last released its earnings results on Thursday, June 6th. The specialty retailer reported ($0.68) earnings per share (EPS) for the quarter. Kirkland’s had a negative return on equity of 870.01% and a negative net margin of 5.28%. The business had revenue of $91.75 million for the quarter.

Wall Street Analyst Weigh In

Several research firms have recently commented on KIRK. StockNews.com downgraded shares of Kirkland’s from a “hold” rating to a “sell” rating in a report on Friday, June 7th. Benchmark reiterated a “buy” rating and issued a $7.00 target price on shares of Kirkland’s in a research note on Friday, June 7th.

Institutional Investors Weigh In On Kirkland’s

A number of hedge funds have recently modified their holdings of KIRK. Quadrature Capital Ltd purchased a new stake in shares of Kirkland’s in the fourth quarter valued at about $42,000. Dupree Financial Group LLC purchased a new stake in shares of Kirkland’s in the first quarter valued at about $175,000. Finally, PEAK6 Investments LLC purchased a new stake in shares of Kirkland’s in the first quarter valued at about $564,000. 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, and gifts.