Big Lots, Inc. (NYSE:BIG) Given Average Rating of “Strong Sell” by Analysts

Shares of Big Lots, Inc. (NYSE:BIG) have received an average rating of “Strong Sell” from the five ratings firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $4.60.

Several research analysts have weighed in on the stock. StockNews.com raised shares of Big Lots from a “sell” rating to a “hold” rating in a report on Saturday. Telsey Advisory Group restated a “market perform” rating and set a $2.50 target price on shares of Big Lots in a research report on Friday, June 14th.

Big Lots Stock Up 0.3 %

Big Lots stock opened at $1.91 on Friday. The stock has a market cap of $56.54 million, a P/E ratio of -0.12 and a beta of 2.28. 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 has a twelve month low of $1.85 and a twelve month high of $11.06. The company’s 50-day moving average price is $3.26 and its two-hundred day moving average price is $4.73.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Thursday, June 6th. The company reported ($4.51) earnings per share for the quarter, missing the consensus estimate of ($4.23) by ($0.28). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.04 billion. Big Lots had a negative net margin of 10.44% and a negative return on equity of 147.35%. The firm’s revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($3.40) earnings per share. As a group, analysts expect that Big Lots will post -11.62 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BIG. Vanguard Group Inc. boosted its position in shares of Big Lots by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 1,598,679 shares of the company’s stock worth $6,922,000 after acquiring an additional 56,540 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Big Lots by 40.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,131 shares of the company’s stock worth $7,713,000 after acquiring an additional 284,258 shares in the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Big Lots during the 4th quarter worth approximately $6,376,000. GSA Capital Partners LLP boosted its position in shares of Big Lots by 244.7% during the 1st quarter. GSA Capital Partners LLP now owns 461,188 shares of the company’s stock worth $1,997,000 after acquiring an additional 327,397 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Big Lots by 490.3% during the 4th quarter. Federated Hermes Inc. now owns 388,954 shares of the company’s stock worth $3,030,000 after acquiring an additional 323,059 shares in the last quarter. Institutional investors and hedge funds own 75.96% of the company’s stock.

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, 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.