Big Lots (NYSE:BIG) Downgraded by StockNews.com to “Sell”

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

Separately, Telsey Advisory Group reiterated a market perform rating and issued a $2.50 price objective on shares of Big Lots in a report on Friday. Five research analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Big Lots has a consensus rating of Reduce and a consensus target price of $4.60.

View Our Latest Analysis on Big Lots

Big Lots Price Performance

BIG opened at $2.04 on Friday. The stock has a 50-day moving average price of $3.40 and a 200-day moving average price of $4.82. The company has a debt-to-equity ratio of 7.05, a current ratio of 1.39 and a quick ratio of 0.16. The firm has a market cap of $60.40 million, a PE ratio of -0.12 and a beta of 2.28. Big Lots has a 1 year low of $2.01 and a 1 year high of $11.06.

Big Lots (NYSE:BIGGet Free Report) last posted its quarterly earnings results on Thursday, June 6th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.23) by ($0.28). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Big Lots had a negative return on equity of 147.35% and a negative net margin of 10.44%. Big Lots’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.40) EPS. Sell-side analysts predict that Big Lots will post -11.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Big Lots

Large investors have recently made changes to their positions in the company. AJOVista LLC bought a new position in shares of Big Lots during the 4th quarter valued at approximately $30,000. State Board of Administration of Florida Retirement System bought a new position in shares of Big Lots during the 1st quarter valued at approximately $54,000. Corton Capital Inc. bought a new position in shares of Big Lots during the 3rd quarter valued at approximately $85,000. Yousif Capital Management LLC bought a new position in shares of Big Lots during the 4th quarter valued at approximately $95,000. Finally, Belpointe Asset Management LLC bought a new position in shares of Big Lots during the 3rd quarter valued at approximately $98,000. 75.96% of the stock is currently owned by institutional investors.

Big Lots Company Profile

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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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Analyst Recommendations for Big Lots (NYSE:BIG)

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