Big Lots (NYSE:BIG) Downgraded by StockNews.com

StockNews.com downgraded shares of Big Lots (NYSE:BIG) from a hold rating to a sell rating in a research report released on Thursday.

Several other research firms have also weighed in on BIG. Telsey Advisory Group reduced their price objective on shares of Big Lots from $7.00 to $5.00 and set a market perform rating on the stock in a research note on Tuesday, February 13th. Loop Capital cut shares of Big Lots from a hold rating to a sell rating in a research report on Monday, February 12th. Five research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. According to data from MarketBeat.com, Big Lots has a consensus rating of Reduce and a consensus price target of $5.25.

Big Lots Stock Performance

Shares of Big Lots stock opened at $3.59 on Thursday. The firm has a fifty day moving average of $4.02 and a two-hundred day moving average of $5.03. The company has a current ratio of 1.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.43. Big Lots has a 52 week low of $3.13 and a 52 week high of $11.06.

Big Lots (NYSE:BIG) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.05). Big Lots had a negative net margin of 10.20% and a negative return on equity of 90.53%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted ($0.28) EPS. The company’s revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that Big Lots will post -10.53 earnings per share for the current year.

Institutional Investors Weigh In On Big Lots

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Partnership Wealth Management LLC bought a new position in shares of Big Lots during the fourth quarter worth about $6,376,000. GSA Capital Partners LLP boosted its position in Big Lots by 244.7% during 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. grew its stake in shares of Big Lots by 490.3% during the 4th quarter. Federated Hermes Inc. now owns 388,954 shares of the company’s stock worth $3,030,000 after acquiring an additional 323,059 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Big Lots by 40.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 990,131 shares of the company’s stock valued at $7,713,000 after purchasing an additional 284,258 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Big Lots by 265.1% in the third quarter. Barclays PLC now owns 210,277 shares of the company’s stock worth $1,073,000 after purchasing an additional 152,677 shares in the last quarter. 75.96% of the stock is currently owned by institutional investors and hedge funds.

About Big Lots

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.