Big Lots, Inc. (NYSE:BIG) Receives $5.25 Average Target Price from Brokerages

Shares of Big Lots, Inc. (NYSE:BIGGet Free Report) have been given a consensus rating of “Strong Sell” by the five analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $5.10.

Several equities analysts recently issued reports on BIG shares. Telsey Advisory Group cut their price objective on shares of Big Lots from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Tuesday, February 13th. Loop Capital lowered Big Lots from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Finally, StockNews.com raised Big Lots from a “sell” rating to a “hold” rating in a research report on Friday, May 10th.

Check Out Our Latest Analysis on BIG

Big Lots Price Performance

Shares of BIG stock opened at $3.40 on Tuesday. The company has a market capitalization of $100.20 million, a P/E ratio of -0.21 and a beta of 2.33. The company’s 50-day simple moving average is $3.67 and its two-hundred day simple moving average is $4.91. Big Lots has a one year low of $3.13 and a one year high of $11.06. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.31 and a quick ratio of 0.16.

Big Lots (NYSE:BIGGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned ($0.28) EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that Big Lots will post -10.84 EPS for the current year.

Institutional Trading of Big Lots

Several hedge funds and other institutional investors have recently made changes to their positions in BIG. Barclays PLC increased its position in Big Lots by 265.1% during the 3rd quarter. Barclays PLC now owns 210,277 shares of the company’s stock valued at $1,073,000 after buying an additional 152,677 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in Big Lots by 549.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 117,036 shares of the company’s stock worth $598,000 after purchasing an additional 99,011 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in Big Lots in the 4th quarter worth approximately $95,000. Partnership Wealth Management LLC purchased a new stake in Big Lots during the 4th quarter worth approximately $6,376,000. Finally, Los Angeles Capital Management LLC acquired a new position in Big Lots during the 4th quarter valued at approximately $479,000. Hedge funds and other institutional investors own 75.96% of the company’s stock.

About Big Lots

(Get Free Report

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 d├ęcor, 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.

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Analyst Recommendations for Big Lots (NYSE:BIG)

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