16,026 Shares in Big Lots, Inc. (NYSE:BIG) Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. purchased a new position in Big Lots, Inc. (NYSE:BIG) during the fourth quarter, HoldingsChannel reports. The fund purchased 16,026 shares of the company’s stock, valued at approximately $125,000.

A number of other large investors also recently added to or reduced their stakes in BIG. Corton Capital Inc. purchased a new position in Big Lots in the 3rd quarter worth approximately $85,000. Blueshift Asset Management LLC purchased a new stake in shares of Big Lots during the 3rd quarter worth approximately $95,000. Belpointe Asset Management LLC purchased a new stake in shares of Big Lots during the 3rd quarter worth approximately $98,000. Teza Capital Management LLC purchased a new stake in shares of Big Lots during the 3rd quarter worth approximately $100,000. Finally, Krane Funds Advisors LLC purchased a new stake in shares of Big Lots during the 3rd quarter worth approximately $433,000. 75.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Telsey Advisory Group decreased their price objective on Big Lots from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Tuesday, February 13th. StockNews.com raised Big Lots from a “sell” rating to a “hold” rating in a report on Friday, April 19th. Finally, Loop Capital cut Big Lots from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $5.25.

Big Lots Stock Performance

NYSE BIG opened at $3.47 on Friday. The company has a market cap of $102.25 million, a P/E ratio of -0.21 and a beta of 2.30. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.16 and a current ratio of 1.31. The business’s 50 day moving average price is $4.12 and its 200-day moving average price is $5.07. Big Lots, Inc. has a fifty-two week low of $3.13 and a fifty-two week high of $11.06.

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

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, 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 home décor, frames, fashion and utility bedding, bath, window, decorative textile, and area rugs departments; and food category that includes beverage and grocery, specialty foods, and pet departments.