Big Lots, Inc. (NYSE:BIG) Given Consensus Rating of “Strong Sell” by Brokerages

Shares of Big Lots, Inc. (NYSE:BIG) have been assigned a consensus recommendation of “Strong Sell” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.25.

BIG has been the topic of a number of recent analyst reports. Telsey Advisory Group cut their target price on shares of Big Lots from $7.00 to $5.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 13th. Loop Capital lowered Big Lots from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Finally, StockNews.com downgraded shares of Big Lots from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd.

Big Lots Trading Down 0.3 %

NYSE BIG opened at $3.58 on Friday. The stock has a market cap of $105.65 million, a P/E ratio of -0.22 and a beta of 2.33. The company’s fifty day simple moving average is $4.01 and its 200-day simple moving average is $5.02. The company has a current ratio of 1.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.43. Big Lots has a 52 week low of $3.13 and a 52 week high of $11.06.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.05). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Big Lots had a negative return on equity of 90.53% and a negative net margin of 10.20%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.28) EPS. Equities research analysts predict that Big Lots will post -10.53 EPS for the current fiscal year.

Institutional Trading of Big Lots

A number of hedge funds have recently bought and sold shares of the company. Clifford Capital Partners LLC boosted its stake in shares of Big Lots by 3.9% during the 3rd quarter. Clifford Capital Partners LLC now owns 991,224 shares of the company’s stock valued at $5,065,000 after buying an additional 37,310 shares during the period. Charles Schwab Investment Management Inc. increased 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 buying an additional 284,258 shares during the period. Partnership Wealth Management LLC bought a new stake in Big Lots in the 4th quarter valued at $6,376,000. GSA Capital Partners LLP increased its stake in Big Lots by 244.7% during the first quarter. GSA Capital Partners LLP now owns 461,188 shares of the company’s stock valued at $1,997,000 after acquiring an additional 327,397 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Big Lots by 490.3% in the 4th quarter. Federated Hermes Inc. now owns 388,954 shares of the company’s stock valued at $3,030,000 after buying an additional 323,059 shares in the last quarter. 75.96% of the stock is owned by hedge funds and other institutional investors.

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.