Big Lots Inc. (NYSE:BIG)‘s stock had its “equal weight” rating reissued by analysts at Barclays PLC in a report released on Tuesday. They presently have a $51.00 price target on the stock. Barclays PLC’s price objective would indicate a potential downside of 1.53% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. MKM Partners reissued a “buy” rating and set a $60.00 price target on shares of Big Lots in a research report on Thursday, August 25th. Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Deutsche Bank AG restated a “hold” rating and issued a $49.00 price objective on shares of Big Lots in a report on Tuesday, August 2nd. Northcoast Research lowered shares of Big Lots from a “buy” rating to a “neutral” rating in a report on Tuesday, August 2nd. Finally, Citigroup Inc. reduced their price objective on shares of Big Lots from $62.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, September 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.72.

Analyst Recommendations for Big Lots (NYSE:BIG)

Shares of Big Lots (NYSE:BIG) traded up 0.21% on Tuesday, reaching $51.79. 934,840 shares of the company’s stock traded hands. The firm has a market capitalization of $2.31 billion, a P/E ratio of 16.11 and a beta of 0.82. Big Lots has a 52 week low of $33.78 and a 52 week high of $56.30. The firm’s 50 day moving average is $46.76 and its 200 day moving average is $49.33.

Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, August 26th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.06. The firm had revenue of $1.20 billion for the quarter. Big Lots had a net margin of 2.96% and a return on equity of 25.68%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. Analysts expect that Big Lots will post $3.53 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Scout Investments Inc. increased its position in shares of Big Lots by 10.3% in the third quarter. Scout Investments Inc. now owns 528,739 shares of the company’s stock worth $25,247,000 after buying an additional 49,382 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Big Lots by 26.9% in the third quarter. Ameritas Investment Partners Inc. now owns 30,688 shares of the company’s stock worth $1,465,000 after buying an additional 6,497 shares during the period. Gerstein Fisher acquired a new position in shares of Big Lots during the third quarter worth about $925,000. Highbridge Capital Management LLC increased its position in shares of Big Lots by 101.3% in the third quarter. Highbridge Capital Management LLC now owns 28,474 shares of the company’s stock worth $1,360,000 after buying an additional 14,327 shares during the period. Finally, Clinton Group Inc. acquired a new position in shares of Big Lots during the third quarter worth about $639,000.

Big Lots Company Profile

5 Day Chart for NYSE:BIG

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