Brokerages Set Big Lots Inc. (BIG) PT at $49.11
Shares of Big Lots Inc. (NYSE:BIG) have earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the company. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $49.11.
A number of brokerages recently issued reports on BIG. KeyCorp decreased their target price on Big Lots from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Thursday, October 6th. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Monday, August 29th. Barclays PLC started coverage on Big Lots in a research report on Friday, September 23rd. They issued an “equal weight” rating and a $51.00 target price for the company. MKM Partners reaffirmed a “buy” rating and issued a $60.00 target price on shares of Big Lots in a research report on Thursday, August 25th. Finally, Northcoast Research cut Big Lots from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 2nd.
Shares of Big Lots (NYSE:BIG) opened at 48.15 on Tuesday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 14.98 and a beta of 0.82. The firm’s 50-day moving average price is $45.45 and its 200 day moving average price is $48.84. Big Lots has a 52 week low of $33.78 and a 52 week high of $56.30.
Big Lots (NYSE:BIG) last issued its earnings results on Friday, August 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.06. The business had revenue of $1.20 billion for the quarter. Big Lots had a return on equity of 25.68% and a net margin of 2.96%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. On average, analysts anticipate that Big Lots will post $3.53 EPS for the current year.
In other Big Lots news, insider Timothy A. Johnson sold 12,262 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $50.88, for a total transaction of $623,890.56. Following the transaction, the insider now directly owns 96,615 shares in the company, valued at $4,915,771.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of BIG. Foundry Partners LLC raised its position in Big Lots by 1,276.6% in the second quarter. Foundry Partners LLC now owns 118,802 shares of the company’s stock valued at $5,953,000 after buying an additional 110,172 shares during the period. BNP Paribas Arbitrage SA raised its position in Big Lots by 54.6% in the second quarter. BNP Paribas Arbitrage SA now owns 70,334 shares of the company’s stock worth $3,524,000 after buying an additional 24,839 shares during the last quarter. Squarepoint Ops LLC raised its position in Big Lots by 72.9% in the first quarter. Squarepoint Ops LLC now owns 22,789 shares of the company’s stock worth $1,033,000 after buying an additional 9,612 shares during the last quarter. Panagora Asset Management Inc. raised its position in Big Lots by 9.4% in the first quarter. Panagora Asset Management Inc. now owns 468,068 shares of the company’s stock worth $21,199,000 after buying an additional 40,406 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Big Lots during the first quarter worth approximately $480,000.
Big Lots Company Profile
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