Big Lots (BIG) Rating Increased to Sell at ValuEngine

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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.

Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, August 31st. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.08). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Big Lots had a net margin of 3.14% and a return on equity of 27.83%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Equities analysts anticipate that Big Lots will post 4.45 earnings per share for the current fiscal year.

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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Analyst Recommendations for Big Lots (NYSE:BIG)

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