Shares of Big Lots, Inc. (NYSE:BIG) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the stock, reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $33.20.

A number of analysts have issued reports on the company. Piper Jaffray Companies lowered Big Lots from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $44.00 to $31.00 in a report on Friday, May 24th. Telsey Advisory Group reissued a “market perform” rating and set a $32.00 price objective (down previously from $40.00) on shares of Big Lots in a report on Monday, June 3rd. Zacks Investment Research lowered Big Lots from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a report on Monday, July 22nd. Bank of America set a $23.00 price objective on Big Lots and gave the stock a “sell” rating in a report on Wednesday, June 26th. Finally, KeyCorp decreased their price objective on Big Lots from $44.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, June 3rd.

Large investors have recently made changes to their positions in the company. Capital Investment Advisory Services LLC acquired a new stake in shares of Big Lots during the 2nd quarter worth approximately $26,000. NumerixS Investment Technologies Inc bought a new position in Big Lots in the 2nd quarter valued at $31,000. Price Wealth Management Inc. bought a new position in Big Lots in the 2nd quarter valued at $46,000. KBC Group NV bought a new position in Big Lots in the 2nd quarter valued at $94,000. Finally, Quantamental Technologies LLC bought a new position in Big Lots in the 1st quarter valued at $195,000.

Shares of NYSE BIG traded up $0.32 during mid-day trading on Tuesday, reaching $20.45. 838,300 shares of the company traded hands, compared to its average volume of 1,126,015. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.17 and a current ratio of 1.25. The stock has a market cap of $785.23 million, a PE ratio of 5.06, a price-to-earnings-growth ratio of 0.67 and a beta of 1.38. The company’s fifty day moving average is $25.17 and its two-hundred day moving average is $31.33. Big Lots has a fifty-two week low of $19.83 and a fifty-two week high of $50.35.

Big Lots (NYSE:BIG) last released its earnings results on Friday, May 31st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.22. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Big Lots had a return on equity of 25.61% and a net margin of 2.68%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. Research analysts forecast that Big Lots will post 3.77 earnings per share for the current year.

Big Lots Company Profile

Big Lots, Inc, through its subsidiaries, operates as a 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 d├ęcor, 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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