Brokerages Set Big Lots, Inc. (NYSE:BIG) PT at $33.20

Big Lots, Inc. (NYSE:BIG) has earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $33.20.

A number of analysts have recently commented on BIG shares. Bank of America set a $23.00 price target on Big Lots and gave the company a “sell” rating in a report on Wednesday, June 26th. KeyCorp dropped their target price on Big Lots from $44.00 to $40.00 and set an “overweight” rating on the stock 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 target price on the stock. in a report on Monday, July 22nd. ValuEngine lowered Big Lots from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 15th. Finally, Piper Jaffray Companies lowered Big Lots from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $44.00 to $31.00 in a report on Friday, May 24th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIG. Legal & General Group Plc grew its position in shares of Big Lots by 1.3% in the fourth quarter. Legal & General Group Plc now owns 58,129 shares of the company’s stock valued at $1,681,000 after purchasing an additional 755 shares during the last quarter. Texas Permanent School Fund grew its position in shares of Big Lots by 3.0% in the first quarter. Texas Permanent School Fund now owns 27,193 shares of the company’s stock valued at $1,034,000 after purchasing an additional 794 shares during the last quarter. Poehling Capital Management LLC grew its position in shares of Big Lots by 2.7% in the second quarter. Poehling Capital Management LLC now owns 31,925 shares of the company’s stock valued at $913,000 after purchasing an additional 845 shares during the last quarter. First National Bank of Omaha grew its position in shares of Big Lots by 2.5% in the second quarter. First National Bank of Omaha now owns 35,851 shares of the company’s stock valued at $1,026,000 after purchasing an additional 870 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Big Lots by 1.4% in the second quarter. Swiss National Bank now owns 74,506 shares of the company’s stock valued at $2,132,000 after purchasing an additional 1,000 shares during the last quarter.

Shares of Big Lots stock traded up $0.32 during trading on Tuesday, reaching $20.45. The stock had a trading volume of 838,300 shares, compared to its average volume of 1,126,015. The company has a market capitalization of $785.23 million, a price-to-earnings ratio of 5.06, a P/E/G ratio of 0.67 and a beta of 1.38. The stock has a fifty day moving average price of $25.17 and a two-hundred day moving average price of $31.33. Big Lots has a 52 week low of $19.83 and a 52 week high of $50.35. The company has a current ratio of 1.25, a quick ratio of 0.17 and a debt-to-equity ratio of 2.21.

Big Lots (NYSE:BIG) last issued its quarterly earnings results on Friday, May 31st. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.22. The company 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 quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. On average, equities analysts forecast that Big Lots will post 3.77 EPS for the current fiscal 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 décor, 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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