Big Lots, Inc. (NYSE:BIG – Free Report) has received an average recommendation of Strong Sell from the five research firms that cover the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and two have given the company a hold recommendation. The average 12-month price target among brokers that have covered the stock in the last year is $3.20.
Several equities analysts have recently commented on BIG shares. StockNews.com downgraded Big Lots from a “hold” to a “sell” rating in a Thursday report. Loop Capital upgraded Big Lots from a “sell” rating and set a $1.00 price target for the company in a Thursday, July 11. Finally, Telsey Advisory Group decreased their price target on Big Lots from $2.50 to $1.50 and set a “market perform” rating for the company in a Monday, August 5 report.
Check out our latest analysis on BIG
Hedge funds get involved in large lots
Several hedge funds have recently bought and sold shares of BIG. Raymond James Financial Services Advisors Inc. acquired a new stake in Big Lots in the 4th quarter valued at about $125,000. Federated Hermes Inc. increased its stake in Big Lots by 490.3% in the 4th quarter. Federated Hermes Inc. now owns 388,954 shares of the company’s stock valued at $3,030,000 after purchasing an additional 323,059 shares in the last quarter. Yousif Capital Management LLC acquired a new stake in Big Lots in the 4th quarter valued at about $95,000. Los Angeles Capital Management LLC acquired a new stake in Big Lots in the 4th quarter valued at about $479,000. Finally, AJOVista LLC acquired a new stake in Big Lots in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 75.96% of the company’s shares.
Big Lots shares down 5.7%
BIG shares opened at $0.97 on Friday. The company has a market cap of $28.82 million, a P/E ratio of -0.06 and a beta of 2.23. The company has a 50-day moving average of $1.62 and a 200-day moving average of $3.30. Big Lots has a 52-week low of $0.86 and a 52-week high of $9.28. The company has a quick ratio of 0.16, a current ratio of 1.39 and a debt-to-equity ratio of 7.05.
Big Lots (NYSE:BIG – Get Free Report) last announced its quarterly earnings results on Thursday, June 6. The company reported earnings per share ($4.51) for the quarter, missing the consensus estimate of ($4.23) by ($0.28). Big Lots had a negative net margin of 10.44% and a negative return on equity of 147.35%. The company had revenue of $1.01 billion for the quarter, compared to analyst expectations of $1.04 billion. In the same quarter last year, the company reported earnings per share ($3.40). The company’s quarterly revenue declined 10.2% year-over-year. On average, sell-side analysts expect Big Lots to report earnings per share of -$11.77 for the current year.
Big Lots Company Profile
(Get free report
Big Lots, Inc., through its subsidiaries, operates a home improvement discount retailer in the United States. The company offers products in several merchandise categories, such as the furniture category, which includes upholstered furniture, mattresses, home décor, cabinet furniture and finished furniture; the seasonal category, which includes outdoor furniture, gazebos, holiday décor, lawn and garden and other holiday departments; the soft home category, which consists of apparel, hosiery, jewelry, frames, fashionable and practical bedding, bath, windows, decorative textiles and area rugs; and the grocery category, which includes beverage and grocery, specialty and candy and snack departments.
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