Big Lots, Inc. (NYSE:BIG) Given Consensus Rating of “Strong Sell” by Brokerages

Big Lots, Inc. (NYSE:BIGGet Free Report) has received an average rating of “Strong Sell” from the five analysts that are currently covering the company, reports. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $5.25.

A number of analysts recently issued reports on BIG shares. Telsey Advisory Group dropped their price target on shares of Big Lots from $7.00 to $5.00 and set a “market perform” rating for the company in a research note on Tuesday, February 13th. raised shares of Big Lots from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Finally, Loop Capital cut Big Lots from a “hold” rating to a “sell” rating in a report on Monday, February 12th.

Check Out Our Latest Stock Analysis on BIG

Institutional Trading of Big Lots

A number of hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Big Lots by 46.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,421 shares of the company’s stock valued at $163,000 after buying an additional 11,915 shares in the last quarter. Vanguard Group Inc. increased its holdings in Big Lots by 3.7% in the first quarter. Vanguard Group Inc. now owns 1,598,679 shares of the company’s stock worth $6,922,000 after buying an additional 56,540 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Big Lots in the first quarter worth $54,000. GSA Capital Partners LLP increased its position in Big Lots by 244.7% during the first quarter. GSA Capital Partners LLP now owns 461,188 shares of the company’s stock worth $1,997,000 after buying an additional 327,397 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Big Lots by 84.9% in the first quarter. BNP Paribas Financial Markets now owns 124,991 shares of the company’s stock worth $541,000 after buying an additional 57,402 shares during the last quarter. 75.96% of the stock is owned by hedge funds and other institutional investors.

Big Lots Trading Down 0.6 %

NYSE BIG opened at $3.35 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.31 and a quick ratio of 0.16. The company has a market cap of $98.86 million, a P/E ratio of -0.20 and a beta of 2.33. Big Lots has a 12 month low of $3.13 and a 12 month high of $11.06. The company has a 50-day moving average of $3.70 and a 200-day moving average of $4.94.

Big Lots (NYSE:BIGGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.05). The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Big Lots had a negative return on equity of 90.53% and a negative net margin of 10.20%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the company posted ($0.28) earnings per share. As a group, equities analysts predict that Big Lots will post -10.84 earnings per share for the current year.

Big Lots Company Profile

(Get Free Report

Big Lots, Inc, through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, home décor, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, lawn and garden, and other holiday departments; soft home category consists of apparel, hosiery, jewelry; frames, fashion and utility bedding, bath, window, decorative textiles, and area rugs departments; and food category that includes beverages and grocery, specialty foods, and candy and snacks departments.

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Analyst Recommendations for Big Lots (NYSE:BIG)

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