Big Lots (NYSE:BIG) Cut to Sell at StockNews.com

StockNews.com lowered shares of Big Lots (NYSE:BIG) from a hold rating to a sell rating in a research note issued to investors on Thursday.

Several other equities analysts have also issued reports on the stock. Loop Capital lowered shares of Big Lots from a hold rating to a sell rating in a report on Monday, February 12th. Telsey Advisory Group dropped their target price 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. Five equities research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Reduce and an average target price of $5.25.

Big Lots Price Performance

BIG opened at $3.59 on Thursday. The company has a current ratio of 1.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.43. The company has a market cap of $105.95 million, a price-to-earnings ratio of -0.22 and a beta of 2.33. The stock has a fifty day simple moving average of $4.02 and a two-hundred day simple moving average of $5.03. Big Lots has a 12-month low of $3.13 and a 12-month 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 analysts’ consensus estimates of ($0.23) by ($0.05). Big Lots had a negative return on equity of 90.53% and a negative net margin of 10.20%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company earned ($0.28) earnings per share. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. Research analysts predict that Big Lots will post -10.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Big Lots

Hedge funds have recently added to or reduced their stakes in the company. AJOVista LLC purchased a new stake in Big Lots during the 4th quarter valued at $30,000. Corton Capital Inc. purchased a new stake in shares of Big Lots during the third quarter valued at $85,000. Blueshift Asset Management LLC bought a new stake in Big Lots in the 3rd quarter worth about $95,000. Yousif Capital Management LLC purchased a new position in Big Lots in the 4th quarter worth about $95,000. Finally, Belpointe Asset Management LLC bought a new position in Big Lots during the 3rd quarter valued at about $98,000. 75.96% of the stock is currently owned by hedge funds and other institutional investors.

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.