Federated Hermes Inc. Increases Position in Big Lots, Inc. (NYSE:BIG)

Federated Hermes Inc. boosted its stake in Big Lots, Inc. (NYSE:BIG - Free Report) by 490.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,954 shares of the company's stock after buying an additional 323,059 shares during the quarter. Federated Hermes Inc. owned approximately 1.33% of Big Lots worth $3,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Big Lots in the 3rd quarter worth approximately $1,118,000. Barclays PLC lifted its stake in Big Lots by 265.1% in the 3rd quarter. Barclays PLC now owns 210,277 shares of the company's stock worth $1,073,000 after purchasing an additional 152,677 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Big Lots in the 3rd quarter worth approximately $598,000. Dark Forest Capital Management LP lifted 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. Finally, Krane Funds Advisors LLC purchased a new position in Big Lots in the 3rd quarter worth approximately $433,000. 75.96% of the stock is owned by hedge funds and other institutional investors.

Big Lots Price Performance

Shares of BIG stock remained flat at $3.47 during trading on Friday. 597,551 shares of the stock traded hands, compared to its average volume of 984,179. The company has a market capitalization of $102.40 million, a price-to-earnings ratio of -0.21 and a beta of 2.30. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.31 and a quick ratio of 0.16. The firm's 50-day moving average price is $4.10 and its two-hundred day moving average price is $5.07. Big Lots, Inc. has a 1 year low of $3.13 and a 1 year high of $11.06.

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

Wall Street Analysts Forecast Growth

A number of 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 research note on Friday, April 19th. Loop Capital lowered shares of Big Lots from a "hold" rating to a "sell" rating in a research note on Monday, February 12th. Finally, Telsey Advisory Group reduced their price target on shares of 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. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, Big Lots currently has an average rating of "Reduce" and a consensus target price of $5.25.

Big Lots 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.