Big Lots, Inc. (NYSE:BIG) Receives Average Recommendation of “Strong Sell” from Analysts

Shares of Big Lots, Inc. (NYSE:BIG) have received a consensus rating of “Strong Sell” from the five analysts that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $4.60.

A number of research firms have commented on BIG. StockNews.com upgraded Big Lots from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.50 price target on shares of Big Lots in a research report on Friday, June 14th.

Institutional Investors Weigh In On Big Lots

Institutional investors and hedge funds have recently made changes to their positions in the business. AJOVista LLC bought a new stake in shares of Big Lots during the 4th quarter valued at about $30,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Big Lots during the 1st quarter valued at about $54,000. Corton Capital Inc. bought a new stake in shares of Big Lots during the 3rd quarter valued at about $85,000. Yousif Capital Management LLC bought a new stake in shares of Big Lots during the 4th quarter valued at about $95,000. Finally, Belpointe Asset Management LLC bought a new stake in shares of Big Lots during the 3rd quarter valued at about $98,000. Institutional investors own 75.96% of the company’s stock.

Big Lots Price Performance

Shares of BIG opened at $1.73 on Friday. Big Lots has a 12-month low of $1.71 and a 12-month high of $11.06. The business has a 50-day simple moving average of $3.05 and a two-hundred day simple moving average of $4.55. The company has a quick ratio of 0.16, a current ratio of 1.39 and a debt-to-equity ratio of 7.05. The stock has a market cap of $51.35 million, a PE ratio of -0.11 and a beta of 2.28.

Big Lots (NYSE:BIG) last issued its earnings results on Thursday, June 6th. The company reported ($4.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($4.23) by ($0.28). Big Lots had a negative return on equity of 147.35% and a negative net margin of 10.44%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned ($3.40) EPS. Big Lots’s revenue for the quarter was down 10.2% on a year-over-year basis. Analysts anticipate that Big Lots will post -11.63 earnings per share for the current fiscal year.

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.