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, Marketbeat.com 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. StockNews.com 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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