Big Lots (NYSE:BIG) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Big Lots (NYSE:BIG) in a research report issued on Sunday. The firm set a “sell” rating on the stock.

BIG has been the subject of a number of other research reports. Loop Capital raised Big Lots from a “sell” rating to a “hold” rating and set a $1.00 target price for the company in a report on Thursday, July 11th. Telsey Advisory Group reduced their target price on Big Lots from $2.50 to $1.50 and set a “market perform” rating for the company in a report on Monday, August 5th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $2.50.

Big Lots Price Performance

The company has a debt-to-equity ratio of 7.05, a current ratio of 1.39 and a quick ratio of 0.16. The stock has a market cap of $8.82 million, a P/E ratio of -0.02 and a beta of 2.20. The stock has a fifty day moving average of $0.98 and a 200 day moving average of $2.60. Big Lots has a 52 week low of $0.30 and a 52 week high of $8.41.

Institutional Trading of Big Lots

Several large investors have recently modified their holdings of BIG. Price T Rowe Associates Inc. MD lifted its position in Big Lots by 46.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,421 shares of the company’s stock valued at $163,000 after purchasing an additional 11,915 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Big Lots in the fourth quarter worth about $245,000. Virtu Financial LLC purchased a new stake in Big Lots in the fourth quarter worth about $400,000. Trexquant Investment LP lifted its stake in Big Lots by 59.0% in the fourth quarter. Trexquant Investment LP now owns 63,269 shares of the company’s stock worth $493,000 after acquiring an additional 23,484 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Big Lots by 40.3% in the fourth 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 during the period. Institutional investors 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.