Big Lots (NYSE:BIG) Stock Price Up 7.2%

Big Lots, Inc. (NYSE:BIGGet Rating) shares rose 7.2% during trading on Tuesday . The stock traded as high as $19.12 and last traded at $19.11. Approximately 12,862 shares were traded during trading, a decline of 99% from the average daily volume of 932,257 shares. The stock had previously closed at $17.82.

Analyst Ratings Changes

BIG has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Big Lots from $8.00 to $9.00 in a research report on Friday, September 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on Big Lots from $23.00 to $18.00 in a research report on Wednesday, August 24th. The Goldman Sachs Group reissued a “sell” rating and issued a $20.00 price objective on shares of Big Lots in a research report on Wednesday, August 31st. StockNews.com initiated coverage on Big Lots in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Telsey Advisory Group lowered their price objective on Big Lots from $30.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, August 26th. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, Big Lots presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Big Lots Price Performance

The business has a 50-day moving average of $17.91 and a 200 day moving average of $21.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.43 and a quick ratio of 0.17.

Big Lots (NYSE:BIGGet Rating) last issued its earnings results on Tuesday, August 30th. The company reported ($2.28) EPS for the quarter, beating analysts’ consensus estimates of ($2.39) by $0.11. Big Lots had a negative return on equity of 2.83% and a negative net margin of 0.86%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. Analysts expect that Big Lots, Inc. will post -4.76 EPS for the current fiscal year.

Institutional Trading of Big Lots

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its holdings in Big Lots by 1.2% during the 1st quarter. Citigroup Inc. now owns 30,213 shares of the company’s stock worth $1,045,000 after purchasing an additional 347 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in Big Lots by 8.0% during the 1st quarter. Cetera Advisor Networks LLC now owns 6,633 shares of the company’s stock worth $230,000 after purchasing an additional 489 shares in the last quarter. US Bancorp DE increased its holdings in Big Lots by 32.5% during the 1st quarter. US Bancorp DE now owns 2,053 shares of the company’s stock worth $71,000 after purchasing an additional 503 shares in the last quarter. Verity Asset Management Inc. increased its holdings in Big Lots by 5.5% during the 1st quarter. Verity Asset Management Inc. now owns 12,759 shares of the company’s stock worth $441,000 after purchasing an additional 662 shares in the last quarter. Finally, Gladius Capital Management LP increased its holdings in Big Lots by 29.2% during the 2nd quarter. Gladius Capital Management LP now owns 3,051 shares of the company’s stock worth $64,000 after purchasing an additional 689 shares in the last quarter.

Big Lots Company Profile

(Get Rating)

Big Lots, Inc, through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, 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, specialty foods, and pet departments.

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