Shares of Big Lots, Inc. (NYSE:BIG) have earned an average rating of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $41.50.
Several equities analysts have commented on BIG shares. Goldman Sachs Group started coverage on shares of Big Lots in a research note on Monday, May 18th. They set a “neutral” rating and a $25.00 target price on the stock. JPMorgan Chase & Co. raised shares of Big Lots from an “underweight” rating to a “neutral” rating in a research note on Sunday, April 19th. Zacks Investment Research cut shares of Big Lots from a “strong-buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a research note on Wednesday. Jefferies Financial Group raised their target price on shares of Big Lots from $55.00 to $75.00 in a research note on Monday, May 4th. Finally, Deutsche Bank lifted their price objective on shares of Big Lots from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. They noted that the move was a valuation call.
Shares of NYSE:BIG opened at $39.34 on Tuesday. The company has a market cap of $1.54 billion, a PE ratio of 9.84, a P/E/G ratio of 0.90 and a beta of 2.39. The company’s 50-day moving average price is $38.53 and its 200 day moving average price is $27.62. Big Lots has a fifty-two week low of $10.13 and a fifty-two week high of $44.90. The company has a quick ratio of 0.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.68.
Big Lots (NYSE:BIG) last released its earnings results on Friday, May 29th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.86. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Big Lots had a net margin of 5.05% and a return on equity of 19.99%. Big Lots’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. As a group, equities analysts anticipate that Big Lots will post 6.2 EPS for the current year.
In other news, EVP Lisa M. Bachmann sold 30,206 shares of Big Lots stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $41.31, for a total value of $1,247,809.86. Also, EVP Lisa M. Bachmann sold 19,352 shares of Big Lots stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $42.36, for a total transaction of $819,750.72. Following the completion of the transaction, the executive vice president now directly owns 111,034 shares in the company, valued at $4,703,400.24. The disclosure for this sale can be found here. Insiders sold a total of 49,958 shares of company stock worth $2,084,453 in the last ninety days. Corporate insiders own 0.88% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Big Lots by 9.9% in the first quarter. State Street Corp now owns 1,575,607 shares of the company’s stock worth $22,870,000 after acquiring an additional 141,724 shares in the last quarter. Balyasny Asset Management LLC boosted its holdings in shares of Big Lots by 283.6% during the first quarter. Balyasny Asset Management LLC now owns 680,774 shares of the company’s stock worth $9,681,000 after purchasing an additional 503,295 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Big Lots by 7.9% during the first quarter. Geode Capital Management LLC now owns 543,967 shares of the company’s stock worth $7,735,000 after purchasing an additional 39,961 shares during the period. Norges Bank acquired a new stake in shares of Big Lots during the fourth quarter worth approximately $14,681,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Big Lots by 3,533.3% during the first quarter. Sunbelt Securities Inc. now owns 468,117 shares of the company’s stock worth $10,400,000 after purchasing an additional 455,233 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.
About Big Lots
Big Lots, Inc, through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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