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

Kirkland’s, Inc. (NASDAQ: KIRK) saw unusual options trading on Wednesday. Equity investors bought 9,808 call options on the stock. This is an increase of 1,683% over the average volume of 550 call options.

A number of brokerage firms have recently published reports on KIRK. Craig Hallum raised his Kirkland price target from $ 37.00 to $ 40.00 and gave the stock a “buy” rating in a research note on Friday, September 3. Benchmark began covering Kirkland’s in a research note on Friday, October 15. They issued a “buy” note and a target price of $ 30.00 on the stock.

In other Kirkland news, Director Charles Pleas III acquired 10,000 shares of the company in a trade on Monday, December 6. The shares were purchased at an average cost of $ 14.41 per share, for a total value of $ 144,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC website. 5.60% of the shares are currently held by insiders of the company.

A number of institutional investors have recently changed their positions in KIRK. Ameritas Investment Partners Inc. acquired a new position in Kirkland’s during the second quarter valued at approximately $ 25,000. Royal Bank of Canada increased its position in Kirkland’s by 4,576.0% in the second quarter. Royal Bank of Canada now owns 1,169 shares of the specialty retailer valued at $ 27,000 after purchasing an additional 1,144 shares in the last quarter. Citigroup Inc. increased its position in Kirkland’s by 140.4% during the third quarter. Citigroup Inc. now owns 1,601 shares of the specialty retailer valued at $ 31,000 after purchasing 935 additional shares in the last quarter. Legal & General Group Plc acquired a new position in Kirkland’s during the second quarter valued at approximately $ 34,000. Finally, O Shaughnessy Asset Management LLC increased its position in Kirkland’s by 4,433.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,312 shares of the specialty retailer valued at $ 45,000 after purchasing an additional 2,261 shares in the last quarter. Hedge funds and other institutional investors hold 74.81% of the company’s shares.

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NASDAQ: KIRK shares traded up $ 0.18 in Thursday’s session, reaching $ 15.37. The stock had a trading volume of 328,647 shares, compared to its average volume of 568,352. The stock has a fifty-day moving average of $ 20.45. The company has a market cap of $ 198.20 million, a PE ratio of 7.61 and a beta of 1.89. Kirkland’s has a one-year low at $ 13.20 and a one-year high at $ 34.45.

Kirkland (NASDAQ: KIRK) last announced its quarterly earnings data on Thursday, December 2. The specialty retailer reported EPS of $ 0.51 for the quarter, missing Zacks’ consensus estimate of $ 0.56 ($ 0.05). Kirkland’s had a return on equity of 34.19% and a net margin of 5.25%.

About Kirkland

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

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