Brokerages Set Big Lots, Inc. (NYSE:BIG) Price Target at $5.25

Shares of Big Lots, Inc. (NYSE:BIG) have been given an average recommendation of “Strong Sell” by the five analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation and one has issued a hold recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $5.25.

A number of research firms have recently commented on BIG. StockNews.com downgraded shares of Big Lots from a “hold” rating to a “sell” rating in a research note on Thursday. Telsey Advisory Group dropped their target price on shares of Big Lots from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Tuesday, February 13th. Finally, Loop Capital downgraded shares of Big Lots from a “hold” rating to a “sell” rating in a research report on Monday, February 12th.

Big Lots Stock Performance

NYSE BIG opened at $3.59 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $105.95 million, a PE ratio of -0.22 and a beta of 2.33. The business’s 50-day moving average price is $4.02 and its 200 day moving average price is $5.03. Big Lots has a twelve month low of $3.13 and a twelve month high of $11.06.

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.05). Big Lots had a negative net margin of 10.20% and a negative return on equity of 90.53%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company earned ($0.28) EPS. The company’s revenue was down 7.2% compared to the same quarter last year. On average, research analysts predict that Big Lots will post -10.53 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Clifford Capital Partners LLC raised its stake in shares of Big Lots by 3.9% in the 3rd quarter. Clifford Capital Partners LLC now owns 991,224 shares of the company’s stock valued at $5,065,000 after acquiring an additional 37,310 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Big Lots by 40.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,131 shares of the company’s stock valued at $7,713,000 after acquiring an additional 284,258 shares in the last quarter. Partnership Wealth Management LLC bought a new position in shares of Big Lots in the 4th quarter valued at approximately $6,376,000. GSA Capital Partners LLP raised its stake in shares of Big Lots by 244.7% in the 1st quarter. GSA Capital Partners LLP now owns 461,188 shares of the company’s stock valued at $1,997,000 after acquiring an additional 327,397 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Big Lots by 490.3% in the 4th quarter. Federated Hermes Inc. now owns 388,954 shares of the company’s stock valued at $3,030,000 after acquiring an additional 323,059 shares in the last quarter. 75.96% of the stock is owned by institutional investors.

Big Lots Company Profile

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.