Shares of Big Lots, Inc. (NYSE:BIG – Get Rating) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $20.50.
Several equities analysts have recently commented on the stock. The Goldman Sachs Group restated a “sell” rating and issued a $20.00 price objective on shares of Big Lots in a report on Wednesday, August 31st. JPMorgan Chase & Co. increased their target price on shares of Big Lots from $8.00 to $9.00 in a report on Friday, September 16th. StockNews.com started coverage on shares of Big Lots in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Big Lots from $23.00 to $18.00 in a report on Wednesday, August 24th. Finally, Telsey Advisory Group reduced their target price on shares of Big Lots from $30.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, August 26th.
Big Lots Stock Performance
Big Lots stock opened at $19.82 on Friday. The firm has a 50 day simple moving average of $17.90 and a 200-day simple moving average of $21.67. Big Lots has a 1-year low of $15.16 and a 1-year high of $50.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 0.17. The stock has a market cap of $573.59 million, a price-to-earnings ratio of -10.95 and a beta of 1.98.
Institutional Investors Weigh In On Big Lots
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Big Lots in the 3rd quarter valued at $152,000. Baird Financial Group Inc. grew its position in shares of Big Lots by 47.1% in the 3rd quarter. Baird Financial Group Inc. now owns 42,626 shares of the company’s stock valued at $665,000 after buying an additional 13,653 shares during the last quarter. BNP Paribas Arbitrage SNC grew its position in shares of Big Lots by 225.2% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 60,267 shares of the company’s stock valued at $941,000 after buying an additional 41,734 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Big Lots by 6.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,892 shares of the company’s stock valued at $467,000 after buying an additional 1,835 shares during the last quarter. Finally, Twinbeech Capital LP purchased a new position in shares of Big Lots in the 3rd quarter valued at $575,000.
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 fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, specialty foods, and pet departments.
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