Shares of Big Lots, Inc. (NYSE:BIG) have received a consensus rating of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $32.31.

Several equities research analysts have commented on BIG shares. Piper Sandler raised shares of Big Lots from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $21.00 to $34.00 in a report on Friday, May 1st. UBS Group dropped their price objective on shares of Big Lots from $49.00 to $44.00 in a report on Monday, April 6th. ValuEngine downgraded shares of Big Lots from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Deutsche Bank lowered their price target on shares of Big Lots from $26.00 to $19.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Finally, Jefferies Financial Group upped their price objective on shares of Big Lots from $55.00 to $75.00 in a research report on Monday, May 4th.

In other Big Lots news, SVP Nicholas E. Padovano sold 1,749 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $16.96, for a total transaction of $29,663.04. Following the transaction, the senior vice president now directly owns 10,722 shares in the company, valued at $181,845.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. bought a new position in shares of Big Lots in the fourth quarter worth approximately $36,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Big Lots by 36.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,153 shares of the company’s stock worth $61,000 after purchasing an additional 575 shares during the last quarter. US Bancorp DE grew its holdings in shares of Big Lots by 21.3% in the fourth quarter. US Bancorp DE now owns 4,427 shares of the company’s stock worth $127,000 after purchasing an additional 778 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Big Lots in the fourth quarter worth approximately $153,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Big Lots in the first quarter worth approximately $77,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Shares of NYSE:BIG opened at $28.35 on Thursday. The company’s 50-day moving average is $19.84 and its 200 day moving average is $22.69. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.16 and a current ratio of 1.22. The company has a market capitalization of $1.06 billion, a P/E ratio of 4.58, a price-to-earnings-growth ratio of 0.76 and a beta of 2.16. Big Lots has a fifty-two week low of $10.13 and a fifty-two week high of $34.34.

Big Lots (NYSE:BIG) last issued its quarterly earnings results on Thursday, February 27th. The company reported $2.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.52 by ($0.13). The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Big Lots had a return on equity of 19.91% and a net margin of 4.55%. Big Lots’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $2.68 earnings per share. As a group, research analysts predict that Big Lots will post 2.87 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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