Big Lots (NYSE:BIG) had its price target raised by investment analysts at Deutsche Bank from $37.00 to $42.00 in a research report issued on Monday, The Fly reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential downside of 2.64% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other analysts have also recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Big Lots from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. JPMorgan Chase & Co. upgraded shares of Big Lots from an “underweight” rating to a “neutral” rating in a report on Sunday, April 19th. Goldman Sachs Group began coverage on shares of Big Lots in a report on Monday, May 18th. They issued a “neutral” rating and a $25.00 target price on the stock. ValuEngine lowered shares of Big Lots from a “sell” rating to a “strong sell” rating in a report on Thursday, June 4th. Finally, Jefferies Financial Group boosted their target price on shares of Big Lots from $55.00 to $75.00 in a report on Monday, May 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.00.
Shares of Big Lots stock opened at $43.14 on Monday. The company has a quick ratio of 0.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.68. Big Lots has a twelve month low of $10.13 and a twelve month high of $44.90. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 1.39 and a beta of 2.35. The company’s fifty day moving average is $34.44 and its 200 day moving average is $25.79.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, May 29th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.86. Big Lots had a net margin of 5.05% and a return on equity of 19.99%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Big Lots’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities analysts anticipate that Big Lots will post 4.39 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Big Lots during the fourth quarter valued at about $36,000. Advisor Group Holdings Inc. bought a new stake in shares of Big Lots during the first quarter worth about $60,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Big Lots by 36.4% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,153 shares of the company’s stock worth $61,000 after acquiring an additional 575 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Big Lots during the first quarter worth about $77,000. Finally, US Bancorp DE increased its position in shares of Big Lots by 58.5% during the first quarter. US Bancorp DE now owns 7,015 shares of the company’s stock worth $100,000 after acquiring an additional 2,588 shares in the last quarter. Hedge funds and other institutional investors own 92.70% of the company’s stock.
About Big Lots
Big Lots, Inc, through its subsidiaries, operates as a 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 décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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