Kirkland’s Home Target of Unusually High Options Trading (KIRK)

Kirkland’s Home (NASDAQ:KIRK) was the target of some unusual options trading on Monday. Stock traders acquired 2,003 call options on the company. This represents an increase of approximately 1,808% compared to the typical volume of 105 call options.

A number of research firms recently weighed in on KIRK. Zacks Investment Research upgraded Kirkland’s Home from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. ValuEngine upgraded Kirkland’s Home from a “hold” rating to a “buy” rating in a research report on Tuesday, April 3rd. B. Riley assumed coverage on Kirkland’s Home in a research report on Monday, March 19th. They set a “buy” rating and a $14.00 price objective for the company. Finally, KeyCorp restated a “buy” rating on shares of Kirkland’s Home in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $12.38.

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Shares of NASDAQ KIRK opened at $10.29 on Tuesday. Kirkland’s Home has a one year low of $8.17 and a one year high of $13.42. The stock has a market cap of $161.49, a price-to-earnings ratio of 28.47 and a beta of 1.10.

Kirkland’s Home (NASDAQ:KIRK) last announced its quarterly earnings data on Friday, March 16th. The specialty retailer reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.01). Kirkland’s Home had a return on equity of 4.59% and a net margin of 0.84%. The business had revenue of $224.61 million for the quarter, compared to analyst estimates of $223.59 million. During the same quarter in the previous year, the business posted $0.90 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. equities analysts predict that Kirkland’s Home will post 0.49 earnings per share for the current fiscal year.

In related news, insider W Michael Madden sold 15,000 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $10.05, for a total value of $150,750.00. Following the completion of the transaction, the insider now owns 127,510 shares in the company, valued at approximately $1,281,475.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in Kirkland’s Home by 68.0% during the 3rd quarter. Wells Fargo & Company MN now owns 17,081 shares of the specialty retailer’s stock worth $195,000 after acquiring an additional 6,911 shares during the period. IFC Holdings Incorporated FL acquired a new stake in Kirkland’s Home during the 4th quarter worth about $229,000. Crossmark Global Holdings Inc. raised its stake in shares of Kirkland’s Home by 46.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 21,730 shares of the specialty retailer’s stock worth $260,000 after purchasing an additional 6,930 shares in the last quarter. Unison Advisors LLC purchased a new stake in shares of Kirkland’s Home during the 4th quarter worth about $274,000. Finally, Arizona State Retirement System purchased a new stake in shares of Kirkland’s Home during the 4th quarter worth about $322,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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About Kirkland’s Home

Kirkland's, Inc operates as a specialty retailer of home décor and gifts in the United States. The company's stores provide various merchandise, including framed arts, mirrors, wall décors, candles and related items, lamps, decorative accessories, accent furniture, textiles, garden-related accessories, and artificial floral products.

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