Big Lots (NYSE:BIG) Rating Reiterated by KeyCorp

KeyCorp reaffirmed their buy rating on shares of Big Lots (NYSE:BIG) in a research note released on Friday, November 10th. The brokerage currently has a $58.00 price objective on the stock.

Several other research firms also recently commented on BIG. Piper Jaffray Companies set a $52.00 target price on shares of Big Lots and gave the stock a hold rating in a research report on Sunday, October 1st. Zacks Investment Research downgraded shares of Big Lots from a buy rating to a hold rating in a research report on Monday, October 9th. BidaskClub raised Big Lots from a hold rating to a buy rating in a research report on Wednesday, August 9th. Oppenheimer set a $60.00 price target on Big Lots and gave the company a buy rating in a research report on Friday, August 25th. Finally, ValuEngine raised Big Lots from a hold rating to a buy rating in a research report on Friday, September 15th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $57.85.

Big Lots (NYSE BIG) traded up $2.04 during midday trading on Friday, hitting $58.63. 1,002,700 shares of the stock were exchanged, compared to its average volume of 1,000,114. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.62 and a quick ratio of 0.27. The firm has a market capitalization of $2,330.00, a P/E ratio of 13.18, a PEG ratio of 0.95 and a beta of 0.95. Big Lots has a 1-year low of $45.10 and a 1-year high of $58.87.

In related news, insider Ronald A. Robins, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the sale, the insider now owns 7,925 shares of the company’s stock, valued at $404,175. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David J. Campisi sold 96,940 shares of Big Lots stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the sale, the chief executive officer now directly owns 99,203 shares of the company’s stock, valued at approximately $5,257,759. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BIG. Teachers Advisors LLC lifted its position in Big Lots by 3.6% in the 1st quarter. Teachers Advisors LLC now owns 77,729 shares of the company’s stock valued at $3,784,000 after acquiring an additional 2,669 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Big Lots by 10.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 8,440 shares of the company’s stock worth $411,000 after purchasing an additional 810 shares during the last quarter. State Street Corp increased its stake in shares of Big Lots by 0.8% during the 1st quarter. State Street Corp now owns 1,611,995 shares of the company’s stock worth $78,474,000 after purchasing an additional 12,308 shares during the last quarter. Capstone Asset Management Co. grew its stake in Big Lots by 6.8% in the 2nd quarter. Capstone Asset Management Co. now owns 6,589 shares of the company’s stock valued at $318,000 after buying an additional 420 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in Big Lots by 4.3% in the 2nd quarter. Bank of Montreal Can now owns 213,721 shares of the company’s stock valued at $10,323,000 after buying an additional 8,903 shares during the last quarter.

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About Big Lots

Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.

Analyst Recommendations for Big Lots (NYSE:BIG)

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