Big Lots (NYSE:BIG) had its target price reduced by Loop Capital from $43.00 to $32.00 in a report released on Friday, The Fly reports. They currently have a hold rating on the stock.

BIG has been the subject of several other reports. ValuEngine cut Big Lots from a sell rating to a strong sell rating in a report on Thursday, September 13th. Piper Jaffray Companies raised Big Lots from a neutral rating to an overweight rating and lifted their price objective for the stock from $43.00 to $53.00 in a report on Monday, November 19th. Finally, Bank of America assumed coverage on Big Lots in a report on Monday, November 5th. They set a buy rating and a $56.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $50.81.

Shares of BIG stock opened at $31.00 on Friday. The firm has a market cap of $1.24 billion, a P/E ratio of 6.97, a PEG ratio of 0.79 and a beta of 0.95. Big Lots has a 1 year low of $30.32 and a 1 year high of $64.42. The company has a quick ratio of 0.32, a current ratio of 1.69 and a debt-to-equity ratio of 0.70.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, December 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.15). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, research analysts predict that Big Lots will post 4.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.87%. The ex-dividend date is Thursday, December 13th. Big Lots’s payout ratio is 26.97%.

A number of institutional investors have recently added to or reduced their stakes in BIG. Tower Research Capital LLC TRC increased its position in Big Lots by 753.1% during the third quarter. Tower Research Capital LLC TRC now owns 3,438 shares of the company’s stock worth $144,000 after buying an additional 3,035 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in Big Lots by 87.4% during the second quarter. Itau Unibanco Holding S.A. now owns 3,569 shares of the company’s stock worth $149,000 after buying an additional 1,665 shares in the last quarter. Toronto Dominion Bank purchased a new position in Big Lots during the third quarter worth $167,000. Meadow Creek Investment Management LLC increased its position in Big Lots by 58.9% during the second quarter. Meadow Creek Investment Management LLC now owns 4,880 shares of the company’s stock worth $204,000 after buying an additional 1,808 shares in the last quarter. Finally, Bridgewater Associates LP purchased a new position in Big Lots during the second quarter worth $211,000.

About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home d├ęcor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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Analyst Recommendations for Big Lots (NYSE:BIG)

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