Big Lots (NYSE:BIG) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.
Several other analysts have also weighed in on the company. Citigroup initiated coverage on Big Lots in a report on Friday, July 6th. They issued a “buy” rating for the company. Zacks Investment Research raised Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 target price for the company in a report on Wednesday, August 1st. TheStreet raised Big Lots from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. Goldman Sachs Group initiated coverage on Big Lots in a report on Thursday, July 19th. They set a “buy” rating and a $47.00 target price for the company. Finally, Loop Capital upped their target price on Big Lots from $48.00 to $48.00 and gave the company a “hold” rating in a report on Monday, August 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $51.43.
Shares of Big Lots stock opened at $42.69 on Thursday. The company has a quick ratio of 0.32, a current ratio of 1.69 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.67 billion, a PE ratio of 9.49, a PEG ratio of 0.78 and a beta of 1.02. Big Lots has a fifty-two week low of $36.20 and a fifty-two week high of $64.42.
In related news, SVP Ronald A. Robins, Jr. sold 5,000 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $46.00, for a total transaction of $230,000.00. Following the transaction, the senior vice president now directly owns 14,545 shares of the company’s stock, valued at $669,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Allen Schlonsky sold 6,000 shares of the company’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $45.00, for a total value of $270,000.00. Following the transaction, the executive vice president now directly owns 34,315 shares in the company, valued at $1,544,175. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,250 shares of company stock valued at $2,319,663. 1.30% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Kessler Investment Group LLC acquired a new position in Big Lots during the second quarter valued at $129,000. Point72 Asia Hong Kong Ltd acquired a new position in Big Lots during the first quarter valued at $135,000. Itau Unibanco Holding S.A. raised its position in Big Lots by 87.4% during the second quarter. Itau Unibanco Holding S.A. now owns 3,569 shares of the company’s stock valued at $149,000 after buying an additional 1,665 shares during the period. Meadow Creek Investment Management LLC raised its position in Big Lots by 58.9% during the second quarter. Meadow Creek Investment Management LLC now owns 4,880 shares of the company’s stock valued at $204,000 after buying an additional 1,808 shares during the period. Finally, Bridgewater Associates LP acquired a new position in Big Lots during the second quarter valued at $211,000.
Big Lots Company Profile
Big Lots, Inc, through its subsidiaries, operates as a community 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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