Shares of Big Lots Inc. (NYSE:BIG) rose 3.2% on Tuesday . The company traded as high as $55.51 and last traded at $55.02, with a volume of 862,735 shares trading hands. The stock had previously closed at $53.30.

BIG has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Deutsche Bank AG reissued a “hold” rating and set a $49.00 target price on shares of Big Lots in a research note on Tuesday, August 2nd. Northcoast Research cut Big Lots from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 2nd. Citigroup Inc. increased their target price on Big Lots from $53.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, June 6th. Finally, MKM Partners increased their target price on Big Lots from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, May 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $49.45.

The company’s 50 day moving average is $52.94 and its 200-day moving average is $47.26. The company has a market capitalization of $2.47 billion and a P/E ratio of 18.48.

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, May 27th. The company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.12. The company earned $1.31 billion during the quarter. Big Lots’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, analysts forecast that Big Lots Inc. will post $3.47 earnings per share for the current year.

In other Big Lots news, CEO David J. Campisi sold 49,805 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $50.05, for a total value of $2,492,740.25. Following the transaction, the chief executive officer now directly owns 186,636 shares of the company’s stock, valued at $9,341,131.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Lisa M. Bachmann sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $50.05, for a total value of $2,502,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,351 shares in the company, valued at $6,273,817.55. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Big Lots stock. Morgan Stanley raised its stake in shares of Big Lots Inc. (NYSE:BIG) by 359.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 616,453 shares of the company’s stock after buying an additional 482,308 shares during the period. Morgan Stanley owned about 1.24% of Big Lots worth $23,758,000 as of its most recent SEC filing.

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