Big Lots, Inc. (BIG) Stock Rating Reaffirmed by KeyCorp
Big Lots, Inc. (NYSE:BIG)‘s stock had its “buy” rating reissued by investment analysts at KeyCorp in a research report issued to clients and investors on Friday. They currently have a $58.00 price target on the stock. KeyCorp’s price target points to a potential upside of 8.03% from the stock’s current price.
Several other analysts have also commented on BIG. Deutsche Bank AG upgraded shares of Big Lots from a “hold” rating to a “buy” rating and raised their price objective for the stock from $55.00 to $56.00 in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub lowered shares of Big Lots from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Oppenheimer Holdings, Inc. set a $60.00 price objective on shares of Big Lots and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Loop Capital set a $64.00 price objective on shares of Big Lots and gave the stock a “buy” rating in a report on Wednesday, August 30th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $57.85.
Shares of Big Lots (BIG) traded up $0.39 on Friday, reaching $53.69. 768,400 shares of the company’s stock traded hands, compared to its average volume of 1,013,611. The company has a quick ratio of 0.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.39. Big Lots has a twelve month low of $45.10 and a twelve month high of $56.54. The stock has a market capitalization of $2,262.71, a price-to-earnings ratio of 12.94, a PEG ratio of 0.93 and a beta of 0.95.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the business posted $0.52 earnings per share. Big Lots’s quarterly revenue was up 1.5% compared to the same quarter last year. analysts anticipate that Big Lots will post 4.22 earnings per share for the current fiscal year.
In related news, insider Ronald A. Robins, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the sale, the insider now owns 7,925 shares of the company’s stock, valued at $404,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David J. Campisi sold 96,940 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the sale, the chief executive officer now directly owns 99,203 shares of the company’s stock, valued at approximately $5,257,759. The disclosure for this sale can be found here. Insiders have sold 100,542 shares of company stock valued at $5,313,716 in the last three months. 1.70% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in BIG. Acadian Asset Management LLC increased its position in shares of Big Lots by 105.1% during the second quarter. Acadian Asset Management LLC now owns 813,168 shares of the company’s stock valued at $39,276,000 after acquiring an additional 416,770 shares in the last quarter. Balyasny Asset Management LLC increased its position in shares of Big Lots by 43.3% during the second quarter. Balyasny Asset Management LLC now owns 1,080,139 shares of the company’s stock valued at $52,171,000 after acquiring an additional 326,620 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its position in shares of Big Lots by 37.0% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock valued at $60,100,000 after acquiring an additional 303,207 shares in the last quarter. Stifel Financial Corp increased its position in shares of Big Lots by 631.7% during the second quarter. Stifel Financial Corp now owns 261,342 shares of the company’s stock valued at $12,651,000 after acquiring an additional 225,625 shares in the last quarter. Finally, APG Asset Management N.V. bought a new stake in shares of Big Lots during the third quarter valued at approximately $11,523,000.
Big Lots Company Profile
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
Receive News & Ratings for Big Lots Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots Inc. and related companies with MarketBeat.com's FREE daily email newsletter.