Big Lots (NYSE:BIG) Given New $1.50 Price Target at Telsey Advisory Group

Big Lots (NYSE:BIG) had its target price decreased by Telsey Advisory Group from $2.50 to $1.50 in a research report sent to investors on Monday morning, Benzinga reports. Telsey Advisory Group currently has a market perform rating on the stock.

A number of other equities research analysts also recently issued reports on BIG. StockNews.com raised shares of Big Lots from a sell rating to a hold rating in a report on Saturday, June 22nd. Loop Capital upgraded shares of Big Lots from a sell rating to a hold rating and set a $1.00 target price on the stock in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $3.20.

Big Lots Stock Performance

Big Lots stock traded down $0.01 during trading on Monday, hitting $0.89. The stock had a trading volume of 732,116 shares, compared to its average volume of 1,713,249. The stock’s 50 day moving average is $1.81 and its two-hundred day moving average is $3.43. Big Lots has a 1 year low of $0.86 and a 1 year high of $10.11. The stock has a market cap of $26.43 million, a price-to-earnings ratio of -0.06 and a beta of 2.23. The company has a quick ratio of 0.16, a current ratio of 1.39 and a debt-to-equity ratio of 7.05.

Big Lots (NYSE:BIG) last released its quarterly earnings data on Thursday, June 6th. The company reported ($4.51) EPS for the quarter, missing the consensus estimate of ($4.23) by ($0.28). The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Big Lots had a negative net margin of 10.44% and a negative return on equity of 147.35%. Big Lots’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the company earned ($3.40) earnings per share. As a group, analysts predict that Big Lots will post -11.77 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BIG. Partnership Wealth Management LLC bought a new position in shares of Big Lots in the fourth quarter worth approximately $6,376,000. GSA Capital Partners LLP grew its holdings in Big Lots by 244.7% in the 1st quarter. GSA Capital Partners LLP now owns 461,188 shares of the company’s stock worth $1,997,000 after acquiring an additional 327,397 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Big Lots by 490.3% in the fourth quarter. Federated Hermes Inc. now owns 388,954 shares of the company’s stock valued at $3,030,000 after acquiring an additional 323,059 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Big Lots by 40.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,131 shares of the company’s stock valued at $7,713,000 after acquiring an additional 284,258 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Big Lots during the fourth quarter worth about $1,138,000. Institutional investors own 75.96% of the company’s stock.

Big Lots Company Profile

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, home décor, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, lawn and garden, and other holiday departments; soft home category consists of apparel, hosiery, jewelry; frames, fashion and utility bedding, bath, window, decorative textiles, and area rugs departments; and food category that includes beverages and grocery, specialty foods, and candy and snacks departments.