Big Lots (NYSE:BIG) had its target price dropped by equities researchers at Deutsche Bank Aktiengesellschaft from $53.00 to $46.00 in a research report issued on Thursday, The Fly reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential downside of 4.54% from the company’s current price.

A number of other brokerages have also recently issued reports on BIG. Telsey Advisory Group dropped their target price on shares of Big Lots from $73.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday. BidaskClub cut shares of Big Lots from a “buy” rating to a “hold” rating in a report on Tuesday, January 5th. Wolfe Research began coverage on shares of Big Lots in a report on Friday, October 9th. They issued an “outperform” rating and a $61.00 target price for the company. Barclays cut shares of Big Lots from an “equal weight” rating to an “underweight” rating and set a $42.00 target price for the company. in a report on Thursday, January 7th. Finally, Piper Sandler raised their price objective on shares of Big Lots from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five 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 $53.67.

Shares of NYSE:BIG opened at $48.19 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.49 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.79 billion, a P/E ratio of 3.07, a PEG ratio of 0.52 and a beta of 2.39. Big Lots has a 52 week low of $10.13 and a 52 week high of $57.24. The company has a 50-day moving average price of $46.34 and a 200 day moving average price of $46.46.

Big Lots (NYSE:BIG) last issued its earnings results on Thursday, December 3rd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.10. Big Lots had a net margin of 10.30% and a return on equity of 26.25%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period last year, the company posted ($0.18) earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. Analysts expect that Big Lots will post 7.79 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in Big Lots by 11.8% in the 2nd quarter. FMR LLC now owns 2,102,015 shares of the company’s stock worth $88,284,000 after acquiring an additional 222,534 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Big Lots by 1.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 499,214 shares of the company’s stock worth $22,265,000 after acquiring an additional 7,805 shares during the period. Morgan Stanley grew its stake in Big Lots by 9.7% in the 3rd quarter. Morgan Stanley now owns 476,187 shares of the company’s stock worth $21,238,000 after acquiring an additional 42,190 shares during the period. Wells Fargo & Company MN grew its stake in Big Lots by 109.9% in the 3rd quarter. Wells Fargo & Company MN now owns 450,790 shares of the company’s stock worth $20,106,000 after acquiring an additional 236,055 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Big Lots by 5.9% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 420,503 shares of the company’s stock worth $17,662,000 after acquiring an additional 23,409 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

About Big Lots

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 décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

See Also: Example of operating income, EBIT and EBITDA

The Fly

Analyst Recommendations for Big Lots (NYSE:BIG)

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