Big Lots (NYSE:BIG) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Big Lots (NYSE:BIG) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the stock.

Several other equities analysts also recently issued reports on BIG. Telsey Advisory Group cut their price objective on shares of Big Lots from $2.50 to $1.50 and set a “market perform” rating on the stock in a report on Monday, August 5th. Loop Capital upgraded shares of Big Lots from a “sell” rating to a “hold” rating and set a $1.00 price objective on the stock in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $2.50.

Big Lots Stock Performance

The company has a market capitalization of $8.82 million, a P/E ratio of -0.02 and a beta of 2.20. The company has a debt-to-equity ratio of 7.05, a current ratio of 1.39 and a quick ratio of 0.16. The business has a 50 day moving average price of $0.98 and a 200-day moving average price of $2.60. Big Lots has a fifty-two week low of $0.30 and a fifty-two week high of $8.41.

Hedge Funds Weigh In On Big Lots

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Big Lots by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 1,598,679 shares of the company’s stock worth $6,922,000 after buying an additional 56,540 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Big Lots by 40.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,131 shares of the company’s stock worth $7,713,000 after purchasing an additional 284,258 shares in the last quarter. GSA Capital Partners LLP boosted its position in Big Lots by 244.7% in the 1st quarter. GSA Capital Partners LLP now owns 461,188 shares of the company’s stock worth $1,997,000 after purchasing an additional 327,397 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Big Lots by 1,132.9% during the 2nd quarter. Marshall Wace LLP now owns 200,960 shares of the company’s stock valued at $348,000 after buying an additional 184,660 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Big Lots during the 2nd quarter valued at approximately $269,000. Institutional investors and hedge funds own 75.96% of the company’s stock.

About Big Lots

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.