Big Lots (NYSE:BIG) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of Big Lots (NYSE:BIGFree Report) from a sell rating to a hold rating in a report issued on Friday morning.

Several other analysts have also recently commented on the stock. Loop Capital cut shares of Big Lots from a hold rating to a sell rating in a research note on Monday, February 12th. Telsey Advisory Group lowered their target price on Big Lots from $7.00 to $5.00 and set a market perform rating for the company in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Reduce and a consensus price target of $5.25.

Check Out Our Latest Report on BIG

Big Lots Stock Performance

Shares of Big Lots stock traded down $0.12 on Friday, hitting $3.56. 812,484 shares of the company’s stock were exchanged, compared to its average volume of 895,037. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.16 and a current ratio of 1.31. The stock has a market capitalization of $105.07 million, a PE ratio of -0.21 and a beta of 2.33. Big Lots has a 1 year low of $3.13 and a 1 year high of $11.06. The company has a 50-day simple moving average of $3.86 and a 200-day simple moving average of $4.99.

Big Lots (NYSE:BIGGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.28) earnings per share 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 the consensus estimate 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 revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.28) earnings per share. As a group, equities analysts anticipate that Big Lots will post -10.53 EPS for the current year.

Institutional Trading of Big Lots

Institutional investors have recently bought and sold shares of the stock. AJOVista LLC bought a new stake in shares of Big Lots in the 4th quarter worth about $30,000. Yousif Capital Management LLC bought a new position in shares of Big Lots during the fourth quarter valued at approximately $95,000. State Board of Administration of Florida Retirement System bought a new position in shares of Big Lots during the first quarter valued at approximately $54,000. Tower Research Capital LLC TRC raised its holdings in shares of Big Lots by 1,676.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 14,408 shares of the company’s stock worth $112,000 after buying an additional 13,597 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Big Lots during the 4th quarter worth approximately $125,000. 75.96% of the stock is currently owned by institutional investors.

About Big Lots

(Get Free Report)

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.

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