Big Lots, Inc. (NYSE:BIG) Given Average Recommendation of “Strong Sell” by Analysts

Shares of Big Lots, Inc. (NYSE:BIG) have been assigned a consensus recommendation of “Strong Sell” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $4.60.

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Big Lots from a “sell” rating to a “hold” rating in a research report on Saturday. Telsey Advisory Group restated a “market perform” rating and issued a $2.50 target price on shares of Big Lots in a research note on Friday, June 14th.

Hedge Funds Weigh In On Big Lots

Hedge funds and other institutional investors have recently modified their holdings of the business. Dark Forest Capital Management LP boosted its stake in shares of Big Lots by 549.3% during the third quarter. Dark Forest Capital Management LP now owns 117,036 shares of the company’s stock valued at $598,000 after purchasing an additional 99,011 shares in the last quarter. Trexquant Investment LP lifted its position in Big Lots by 59.0% during the fourth quarter. Trexquant Investment LP now owns 63,269 shares of the company’s stock valued at $493,000 after acquiring an additional 23,484 shares during the last quarter. Yousif Capital Management LLC purchased a new stake in Big Lots during the fourth quarter valued at approximately $95,000. Charles Schwab Investment Management Inc. lifted its position in Big Lots by 40.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,131 shares of the company’s stock valued at $7,713,000 after acquiring an additional 284,258 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Big Lots during the fourth quarter valued at approximately $400,000. 75.96% of the stock is currently owned by institutional investors.

Big Lots Trading Up 0.3 %

Shares of Big Lots stock opened at $1.91 on Friday. The company has a market capitalization of $56.54 million, a P/E ratio of -0.12 and a beta of 2.28. Big Lots has a fifty-two week low of $1.85 and a fifty-two week high of $11.06. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.16 and a current ratio of 1.39. The company has a fifty day moving average of $3.26 and a 200 day moving average of $4.73.

Big Lots (NYSE:BIG) last announced its quarterly earnings results on Thursday, June 6th. The company reported ($4.51) EPS for the quarter, missing the consensus estimate of ($4.23) by ($0.28). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Big Lots had a negative return on equity of 147.35% and a negative net margin of 10.44%. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.40) EPS. On average, sell-side analysts anticipate that Big Lots will post -11.62 earnings per share for the current fiscal year.

Big Lots Company 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.