Big Lots, Inc. (NYSE:BIG – Get Rating) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 7,760,000 shares, a decline of 9.9% from the October 15th total of 8,610,000 shares. Currently, 27.8% of the shares of the company are sold short. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 6.6 days.
Big Lots Stock Up 0.8 %
Shares of BIG opened at $17.97 on Friday. The firm has a 50 day moving average price of $18.18 and a 200-day moving average price of $22.13. Big Lots has a fifty-two week low of $15.16 and a fifty-two week high of $50.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.17 and a current ratio of 1.43.
Big Lots (NYSE:BIG – Get Rating) last posted its quarterly earnings results on Tuesday, August 30th. The company reported ($2.28) EPS for the quarter, beating analysts’ consensus estimates of ($2.39) by $0.11. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Big Lots had a negative net margin of 0.86% and a negative return on equity of 2.83%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. As a group, research analysts forecast that Big Lots will post -4.76 earnings per share for the current year.
Big Lots Announces Dividend
Hedge Funds Weigh In On Big Lots
Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its position in Big Lots by 1.2% in the first quarter. Citigroup Inc. now owns 30,213 shares of the company’s stock worth $1,045,000 after purchasing an additional 347 shares during the last quarter. Cetera Advisor Networks LLC increased its position in Big Lots by 8.0% in the first quarter. Cetera Advisor Networks LLC now owns 6,633 shares of the company’s stock worth $230,000 after purchasing an additional 489 shares during the last quarter. Hussman Strategic Advisors Inc. increased its position in Big Lots by 0.6% in the first quarter. Hussman Strategic Advisors Inc. now owns 78,000 shares of the company’s stock worth $2,699,000 after purchasing an additional 500 shares during the last quarter. US Bancorp DE boosted its stake in Big Lots by 32.5% during the first quarter. US Bancorp DE now owns 2,053 shares of the company’s stock worth $71,000 after buying an additional 503 shares during the period. Finally, Verity Asset Management Inc. boosted its stake in Big Lots by 5.5% during the first quarter. Verity Asset Management Inc. now owns 12,759 shares of the company’s stock worth $441,000 after buying an additional 662 shares during the period.
Wall Street Analyst Weigh In
Several equities analysts recently commented on BIG shares. JPMorgan Chase & Co. increased their price objective on shares of Big Lots from $8.00 to $9.00 in a research note on Friday, September 16th. Telsey Advisory Group dropped their price objective on shares of Big Lots from $30.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, August 26th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Big Lots from $23.00 to $18.00 in a research report on Wednesday, August 24th. StockNews.com began coverage on shares of Big Lots in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $20.00 price target on shares of Big Lots in a research report on Wednesday, August 31st. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, Big Lots presently has an average rating of “Hold” and a consensus target price of $20.50.
Big Lots Company Profile
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, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, specialty foods, and pet departments.
- Get a free copy of the StockNews.com research report on Big Lots (BIG)
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