StockNews.com started coverage on shares of Big Lots (NYSE:BIG – Get Free Report) in a research report issued on Monday. The brokerage set a “sell” rating on the stock.
BIG has been the subject of a number of other research reports. Telsey Advisory Group reduced their price objective on shares of Big Lots from $2.50 to $1.50 and set a “market perform” rating for the company in a research 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 for the company in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $2.50.
View Our Latest Research Report on BIG
Big Lots Price Performance
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Ground Swell Capital LLC purchased a new stake in Big Lots in the 2nd quarter worth approximately $26,000. State Board of Administration of Florida Retirement System purchased a new stake in Big Lots in the 1st quarter worth approximately $54,000. Price T Rowe Associates Inc. MD grew its stake in Big Lots by 46.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,421 shares of the company’s stock worth $163,000 after acquiring an additional 11,915 shares during the period. Quadrature Capital Ltd purchased a new stake in Big Lots in the 4th quarter worth approximately $245,000. Finally, Squarepoint Ops LLC purchased a new stake in Big Lots in the 2nd quarter worth approximately $269,000. 75.96% of the stock is currently owned by institutional investors and hedge funds.
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.
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