Yousif Capital Management LLC Buys Shares of 12,133 Big Lots, Inc. (NYSE:BIG)

Yousif Capital Management LLC bought a new position in shares of Big Lots, Inc. (NYSE:BIG) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 12,133 shares of the company’s stock, valued at approximately $95,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Federated Hermes Inc. grew its holdings in Big Lots by 490.3% during the fourth quarter. Federated Hermes Inc. now owns 388,954 shares of the company’s stock valued at $3,030,000 after purchasing an additional 323,059 shares during the period. Equitable Trust Co. grew its holdings in shares of Big Lots by 6.9% in the 4th quarter. Equitable Trust Co. now owns 30,562 shares of the company’s stock valued at $238,000 after buying an additional 1,960 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Big Lots in the 4th quarter valued at $125,000. SG Americas Securities LLC acquired a new stake in Big Lots during the 4th quarter worth $497,000. Finally, Belpointe Asset Management LLC bought a new position in Big Lots during the third quarter worth about $98,000. 75.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Telsey Advisory Group lowered their price target on Big Lots from $7.00 to $5.00 and set a “market perform” rating for the company in a report on Tuesday, February 13th. Loop Capital cut Big Lots from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Finally, StockNews.com downgraded shares of Big Lots from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Five investment analysts have rated the stock with a sell rating and one has given a hold rating to the company. According to data from MarketBeat.com, Big Lots has an average rating of “Reduce” and a consensus target price of $5.25.

Big Lots Stock Performance

Shares of Big Lots stock opened at $3.57 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.31 and a quick ratio of 0.16. The firm has a market cap of $105.35 million, a price-to-earnings ratio of -0.22 and a beta of 2.33. The stock’s 50-day moving average is $4.02 and its 200-day moving average is $5.03. Big Lots, Inc. has a one year low of $3.13 and a one year high of $11.06.

Big Lots (NYSE:BIG) last released its earnings results on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm posted ($0.28) EPS. The company’s revenue was down 7.2% on a year-over-year basis. Equities analysts predict that Big Lots, Inc. will post -10.53 earnings per share for the current fiscal 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, 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.