StockNews.com Initiates Coverage on Big Lots (NYSE:BIG)

StockNews.com assumed coverage on shares of Big Lots (NYSE:BIG) in a report issued on Saturday morning. The firm issued a sell rating on the stock.

Several other research firms have also recently weighed in on BIG. Telsey Advisory Group reduced their price target on Big Lots from $2.50 to $1.50 and set a market perform rating on the stock in a report on Monday, August 5th. Loop Capital upgraded Big Lots from a sell rating to a hold rating and set a $1.00 price target on the stock in a report on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat.com, Big Lots has an average rating of Reduce and a consensus target price of $2.50.

Big Lots Stock Performance

The company has a market capitalization of $8.82 million, a PE ratio of -0.02 and a beta of 2.20. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.16 and a current ratio of 1.39. The business’s fifty day moving average price is $0.98 and its 200-day moving average price is $2.60. Big Lots has a twelve month low of $0.30 and a twelve month high of $8.41.

Institutional Trading of Big Lots

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Big Lots by 3.7% in the first quarter. Vanguard Group Inc. now owns 1,598,679 shares of the company’s stock valued at $6,922,000 after acquiring an additional 56,540 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Big Lots by 40.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,131 shares of the company’s stock valued at $7,713,000 after buying an additional 284,258 shares during the period. GSA Capital Partners LLP lifted its stake in Big Lots by 244.7% in the first quarter. GSA Capital Partners LLP now owns 461,188 shares of the company’s stock valued at $1,997,000 after buying an additional 327,397 shares during the period. Marshall Wace LLP lifted its stake in Big Lots by 1,132.9% in the second quarter. Marshall Wace LLP now owns 200,960 shares of the company’s stock valued at $348,000 after buying an additional 184,660 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in Big Lots in the second quarter valued at approximately $269,000. 75.96% of the stock is currently owned by institutional investors.

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, 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.