Stock traders buy high volume of Kirkland call options (NASDAQ:KIRK)


Kirkland’s, Inc. (NASDAQ:KIRK – Get Rating) was the target of unusual options trades on Wednesday. Stock traders acquired 9,808 call options on the company. This represents an increase of approximately 1,683% over the average daily volume of 550 call options.

In other Kirkland news, Chief Financial Officer Nicole Allyson Strain sold 12,000 Kirkland shares in a trade dated Tuesday, March 22. The stock was sold at an average price of $11.30, for a total transaction of $135,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders of the company hold 7.80% of the shares of the company.

Hedge funds have recently been buying and selling stocks. Royal Bank of Canada increased its holdings in Kirkland’s by 4,576.0% in the second quarter. Royal Bank of Canada now owns 1,169 shares of the specialty retailer worth $27,000 after buying 1,144 more shares in the last quarter. Citigroup Inc. increased its stake in Kirkland’s by 140.4% in the third quarter. Citigroup Inc. now owns 1,601 shares of the specialty retailer worth $31,000 after buying 935 additional shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Kirkland’s in Q4 worth approximately $28,000. O Shaughnessy Asset Management LLC increased its holdings in Kirkland’s by 4,433.3% in Q3. O Shaughnessy Asset Management LLC now owns 2,312 shares of the specialty retailer worth $45,000 after buying 2,261 additional shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Kirkland’s by 373.0% in the third quarter. BNP Paribas Arbitrage SA now owns 2,554 shares of the specialty retailer worth $49,000 after buying an additional 2,014 shares in the last quarter. Institutional investors hold 77.92% of the company’s shares.

A number of stock analysts have weighed in on the company. Craig Hallum reiterated a “holding” rating and set a price target of $15.00 (down from $30.00 previously) on Kirkland shares in a Thursday, March 10 research note. StockNews.com began covering Kirkland in a research note on Thursday, March 31. They issued a “maintaining” rating for the company. Finally, Benchmark reduced its price target on Kirkland from $25.00 to $15.00 and set an “na” rating for the company in a research note on Wednesday.

Kirkland shares opened at $6.41 on Thursday. Kirkland’s has a 12-month low of $6.25 and a 12-month high of $28.56. The company has a 50-day moving average price of $8.91 and a 200-day moving average price of $14.57. The company has a market capitalization of $81.59 million, a PE ratio of 4.08 and a beta of 1.77.

Kirkland’s (NASDAQ:KIRK – Get Rating) last released quarterly earnings data on Thursday, March 17. The specialty retailer reported earnings per share (EPS) of $0.84 for the quarter. Kirkland’s had a return on equity of 23.94% and a net margin of 3.95%. The company posted revenue of $176.19 million for the quarter.

Kirkland Company Profile (Get an evaluation)

Kirkland’s, Inc. operates as a home furnishings specialty retailer in the United States. The Company’s stores offer a variety of merchandise, including holiday decorations, furniture, textiles, ornamental wall hangings, decorative accessories, art, mirrors, home fragrances, lighting, flowers, household items and gifts.

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