Big Lots (NYSE:BIG - Get Free Report) was upgraded by StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.
A number of other research firms also recently commented on BIG. Loop Capital downgraded shares of Big Lots from a "hold" rating to a "sell" rating in a research report on Monday, February 12th. Telsey Advisory Group dropped their target price 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 equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, Big Lots has a consensus rating of "Reduce" and an average target price of $5.25.
Get Our Latest Research Report on Big Lots
Big Lots Stock Up 1.0 %
Shares of NYSE:BIG traded up $0.03 during trading hours on Friday, reaching $3.70. The stock had a trading volume of 909,328 shares, compared to its average volume of 1,430,210. Big Lots has a 1 year low of $3.13 and a 1 year high of $11.06. The firm's 50 day moving average is $4.15 and its 200-day moving average is $5.08. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.16 and a current ratio of 1.31. The stock has a market capitalization of $107.97 million, a price-to-earnings ratio of -0.22 and a beta of 2.30.
Big Lots (NYSE:BIG - Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.05). The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Big Lots had a negative net margin of 10.20% and a negative return on equity of 90.53%. The company's quarterly revenue was down 7.2% on a year-over-year basis. During the same period last year, the business earned ($0.28) earnings per share. Research analysts predict that Big Lots will post -10.53 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Big Lots by 1.3% during the 3rd quarter. BlackRock Inc. now owns 4,925,796 shares of the company's stock worth $76,891,000 after purchasing an additional 64,279 shares during the last quarter. Vanguard Group Inc. grew its position in Big Lots by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 3,247,315 shares of the company's stock worth $50,691,000 after purchasing an additional 37,361 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Big Lots by 7.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,923,315 shares of the company's stock worth $66,552,000 after purchasing an additional 126,412 shares during the last quarter. State Street Corp grew its position in Big Lots by 15.9% during the 1st quarter. State Street Corp now owns 1,649,798 shares of the company's stock worth $18,082,000 after purchasing an additional 226,109 shares during the last quarter. Finally, Clifford Capital Partners LLC lifted its stake in shares of Big Lots by 3.9% in the 3rd quarter. Clifford Capital Partners LLC now owns 991,224 shares of the company's stock worth $5,065,000 after acquiring an additional 37,310 shares during the period. 75.96% of the stock is owned by hedge funds and other institutional investors.
About Big Lots
(
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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.
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