Big Lots (NYSE:BIG) Price Target Cut to $22.00 by Analysts at Loop Capital

Big Lots (NYSE:BIGGet Rating) had its price target cut by Loop Capital from $27.00 to $22.00 in a research report sent to investors on Tuesday morning, The Fly reports. They currently have a hold rating on the stock.

Several other equities research analysts have also issued reports on BIG. Barclays decreased their price target on shares of Big Lots from $27.00 to $22.00 and set an underweight rating on the stock in a report on Friday, June 10th. Telsey Advisory Group decreased their price target on shares of Big Lots from $32.00 to $30.00 and set a market perform rating on the stock in a report on Tuesday, May 31st. JPMorgan Chase & Co. decreased their price target on shares of Big Lots from $31.00 to $25.00 in a report on Tuesday, May 10th. Piper Sandler decreased their price target on shares of Big Lots to $25.00 in a report on Monday, May 30th. Finally, Bank of America reduced their target price on shares of Big Lots from $31.00 to $25.00 and set an underperform rating on the stock in a report on Tuesday, May 24th. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $24.63.

Shares of NYSE:BIG opened at $21.66 on Tuesday. The firm has a 50 day moving average of $28.93 and a 200-day moving average of $35.97. The stock has a market capitalization of $626.34 million, a PE ratio of 9.89 and a beta of 2.13. The company has a current ratio of 1.52, a quick ratio of 0.19 and a debt-to-equity ratio of 0.28. Big Lots has a 12 month low of $20.41 and a 12 month high of $67.49.

Big Lots (NYSE:BIGGet Rating) last issued its earnings results on Friday, May 27th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of $1.10 by ($1.49). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.46 billion. Big Lots had a net margin of 1.22% and a return on equity of 7.25%. Big Lots’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.62 earnings per share. On average, research analysts predict that Big Lots will post -2.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, June 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.54%. Big Lots’s payout ratio is presently 54.79%.

In other Big Lots news, EVP Nicholas E. Padovano sold 4,300 shares of the company’s stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of $34.30, for a total transaction of $147,490.00. Following the transaction, the executive vice president now owns 25,979 shares in the company, valued at $891,079.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Nicholas E. Padovano sold 3,500 shares of the company’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $34.82, for a total transaction of $121,870.00. Following the transaction, the executive vice president now owns 25,841 shares in the company, valued at approximately $899,783.62. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in shares of Big Lots by 1.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 21,823 shares of the company’s stock worth $983,000 after acquiring an additional 233 shares in the last quarter. Citigroup Inc. grew its stake in shares of Big Lots by 1.2% in the 1st quarter. Citigroup Inc. now owns 30,213 shares of the company’s stock worth $1,045,000 after acquiring an additional 347 shares in the last quarter. Gladius Capital Management LP grew its stake in shares of Big Lots by 19.5% in the 1st quarter. Gladius Capital Management LP now owns 2,362 shares of the company’s stock worth $82,000 after acquiring an additional 386 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in shares of Big Lots by 8.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 6,292 shares of the company’s stock worth $286,000 after acquiring an additional 479 shares in the last quarter. Finally, Cetera Advisor Networks LLC grew its stake in shares of Big Lots by 8.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 6,633 shares of the company’s stock worth $230,000 after acquiring an additional 489 shares in the last quarter. Hedge funds and other institutional investors own 94.42% of the company’s stock.

Big Lots Company Profile (Get Rating)

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 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, specialty foods, and pet departments.

Featured Stories

The Fly logo

Analyst Recommendations for Big Lots (NYSE:BIG)

Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.