Yousif Capital Management LLC Purchases New Stake in Big Lots, Inc. (NYSE:BIG)

Yousif Capital Management LLC acquired a new position in Big Lots, Inc. (NYSE:BIG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,133 shares of the company’s stock, valued at approximately $95,000.

Several other institutional investors have also recently added to or reduced their stakes in BIG. Barclays PLC lifted its position in shares of Big Lots by 265.1% in the 3rd quarter. Barclays PLC now owns 210,277 shares of the company’s stock worth $1,073,000 after buying an additional 152,677 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in Big Lots by 549.3% in 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 during the last quarter. SG Americas Securities LLC acquired a new position in Big Lots in the fourth quarter valued at approximately $497,000. Federated Hermes Inc. boosted its stake in Big Lots by 490.3% in the fourth 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 during the period. Finally, Teza Capital Management LLC bought a new position in shares of Big Lots during the third quarter valued at approximately $100,000. Institutional investors own 75.96% of the company’s stock.

Big Lots Price Performance

Shares of NYSE BIG opened at $3.57 on Tuesday. The stock has a market cap of $105.35 million, a P/E ratio of -0.22 and a beta of 2.33. The firm’s 50-day simple moving average is $4.02 and its 200 day simple moving average is $5.03. Big Lots, Inc. has a fifty-two week low of $3.13 and a fifty-two week high of $11.06. 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 (NYSE:BIG) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.05). The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.28) earnings per share. Equities analysts expect that Big Lots, Inc. will post -10.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Loop Capital lowered Big Lots from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Telsey Advisory Group reduced 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 report on Tuesday, February 13th. Finally, StockNews.com cut shares of Big Lots from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Five analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target 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.