Raymond James Financial Services Advisors Inc. Buys Shares of 16,026 Big Lots, Inc. (NYSE:BIG)

Raymond James Financial Services Advisors Inc. bought a new stake in Big Lots, Inc. (NYSE:BIG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,026 shares of the company’s stock, valued at approximately $125,000. Raymond James Financial Services Advisors Inc. owned approximately 0.05% of Big Lots as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Barclays PLC increased its stake in Big Lots by 265.1% in the third quarter. Barclays PLC now owns 210,277 shares of the company’s stock valued at $1,073,000 after purchasing an additional 152,677 shares in the last quarter. Dark Forest Capital Management LP increased its position in shares of Big Lots by 549.3% during the third quarter. Dark Forest Capital Management LP now owns 117,036 shares of the company’s stock worth $598,000 after acquiring an additional 99,011 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Big Lots during the fourth quarter worth $497,000. Teza Capital Management LLC bought a new position in Big Lots in the third quarter valued at $100,000. Finally, Krane Funds Advisors LLC bought a new position in Big Lots in the third quarter valued at $433,000. Institutional investors own 75.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BIG. StockNews.com raised shares of Big Lots from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. Loop Capital cut shares of Big Lots from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Finally, Telsey Advisory Group cut 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. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $5.25.

Big Lots Stock Performance

Shares of BIG stock opened at $3.47 on Friday. The stock has a market cap of $102.25 million, a P/E ratio of -0.21 and a beta of 2.30. 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 fifty day moving average price of $4.12 and a two-hundred day moving average price of $5.07. Big Lots, Inc. has a one year low of $3.13 and a one year 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.05). Big Lots had a negative return on equity of 90.53% and a negative net margin of 10.20%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business posted ($0.28) EPS. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, equities analysts predict that Big Lots, Inc. will post -10.53 EPS for the current year.

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, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday departments; soft home category that consists of home décor, frames, fashion and utility bedding, bath, window, decorative textile, and area rugs departments; and food category that includes beverage and grocery, specialty foods, and pet departments.