Big Lots (NYSE:BIG) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of Big Lots (NYSE:BIG) from a hold rating to a sell rating in a research report report published on Thursday.

A number of other research analysts have also weighed in on the stock. Telsey Advisory Group dropped their price target on shares of Big Lots from $7.00 to $5.00 and set a market perform rating on the stock in a research report on Tuesday, February 13th. Loop Capital cut shares of Big Lots from a hold rating to a sell rating in a research report on Monday, February 12th. Five analysts have rated the stock with a sell rating and one has given a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Reduce and a consensus target price of $5.25.

Big Lots Price Performance

Shares of NYSE BIG opened at $3.59 on Thursday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.16 and a current ratio of 1.31. The firm’s 50-day simple moving average is $4.02 and its 200 day simple moving average is $5.03. The stock has a market cap of $105.95 million, a price-to-earnings ratio of -0.22 and a beta of 2.33. Big Lots has a fifty-two week low of $3.13 and a fifty-two week high of $11.06.

Big Lots (NYSE:BIG) last posted its 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 company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Big Lots had a negative net margin of 10.20% and a negative return on equity of 90.53%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.28) EPS. As a group, research analysts anticipate that Big Lots will post -10.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Partnership Wealth Management LLC bought a new stake in shares of Big Lots in the 4th quarter worth approximately $6,376,000. GSA Capital Partners LLP raised its stake in shares of Big Lots by 244.7% in the first quarter. GSA Capital Partners LLP now owns 461,188 shares of the company’s stock valued at $1,997,000 after buying an additional 327,397 shares during the period. Federated Hermes Inc. lifted its position in shares of Big Lots by 490.3% during the 4th quarter. Federated Hermes Inc. now owns 388,954 shares of the company’s stock valued at $3,030,000 after buying an additional 323,059 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Big Lots by 40.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,131 shares of the company’s stock worth $7,713,000 after acquiring an additional 284,258 shares during the period. Finally, Barclays PLC grew its stake in shares of Big Lots by 265.1% during the 3rd quarter. Barclays PLC now owns 210,277 shares of the company’s stock worth $1,073,000 after acquiring an additional 152,677 shares during the period. 75.96% of the stock is currently owned by hedge funds and other institutional investors.

About Big Lots

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.