Federated Hermes Inc. Has $3.03 Million Stock Holdings in Big Lots, Inc. (NYSE:BIG)

Federated Hermes Inc. boosted its position in shares of Big Lots, Inc. (NYSE:BIG) by 490.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 388,954 shares of the company’s stock after buying an additional 323,059 shares during the quarter. Federated Hermes Inc. owned approximately 1.33% of Big Lots worth $3,030,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Corton Capital Inc. acquired a new position in Big Lots during the 3rd quarter worth $85,000. Blueshift Asset Management LLC acquired a new position in Big Lots during the 3rd quarter worth $95,000. Belpointe Asset Management LLC acquired a new position in Big Lots during the 3rd quarter worth $98,000. Teza Capital Management LLC bought a new stake in shares of Big Lots during the 3rd quarter valued at $100,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Big Lots during the 4th quarter valued at $125,000. Institutional investors and hedge funds own 75.96% of the company’s stock.

Big Lots Price Performance

BIG opened at $3.47 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.31 and a debt-to-equity ratio of 1.43. Big Lots, Inc. has a 12 month low of $3.13 and a 12 month high of $11.06. The company has a fifty day simple moving average of $4.10 and a 200 day simple moving average of $5.06. The stock has a market cap of $102.40 million, a P/E ratio of -0.21 and a beta of 2.30.

Big Lots (NYSE:BIG) last released 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 firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned ($0.28) EPS. Big Lots’s quarterly revenue was down 7.2% on a year-over-year basis. On average, research analysts expect that Big Lots, Inc. will post -10.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on BIG shares. Loop Capital cut shares of Big Lots from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. StockNews.com upgraded shares of Big Lots from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Finally, 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. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $5.25.

Big Lots 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.