Big Lots, Inc. (NYSE:BIG) Receives $5.25 Average PT from Analysts

Big Lots, Inc. (NYSE:BIG - Get Free Report) has earned an average rating of "Strong Sell" from the five brokerages that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $5.25.

Several research analysts have commented on BIG shares. Telsey Advisory Group cut their price target on Big Lots from $7.00 to $5.00 and set a "market perform" rating on the stock in a research 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 Saturday.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new position in shares of Big Lots in the fourth quarter valued at approximately $245,000. Vanguard Group Inc. increased its holdings in shares of Big Lots by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,542,139 shares of the company's stock valued at $12,013,000 after purchasing an additional 10,702 shares during the period. Virtu Financial LLC acquired a new position in shares of Big Lots in the fourth quarter valued at approximately $400,000. Occudo Quantitative Strategies LP increased its holdings in shares of Big Lots by 470.8% in the fourth quarter. Occudo Quantitative Strategies LP now owns 89,580 shares of the company's stock valued at $698,000 after purchasing an additional 73,886 shares during the period. Finally, Scion Asset Management LLC acquired a new position in Big Lots during the fourth quarter worth $1,753,000. Institutional investors and hedge funds own 75.96% of the company's stock.

Big Lots Stock Up 2.9 %

BIG stock traded up $0.11 during trading on Monday, hitting $3.88. 689,030 shares of the company's stock were exchanged, compared to its average volume of 1,468,560. The business has a 50-day moving average price of $4.52 and a two-hundred day moving average price of $5.17. The stock has a market capitalization of $113.37 million, a price-to-earnings ratio of -0.23 and a beta of 2.30. Big Lots has a 52-week low of $3.47 and a 52-week high of $12.27. The company has a current ratio of 1.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.43.

Big Lots (NYSE:BIG - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.05). The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. Big Lots had a negative return on equity of 90.53% and a negative net margin of 10.20%. Big Lots's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.28) EPS. As a group, equities research analysts expect that Big Lots will post -10.53 EPS for the current year.

About Big Lots

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 home décor, frames, fashion and utility bedding, bath, window, decorative textile, and area rugs departments; and food category that includes beverage and grocery, specialty foods, and pet departments.