Big Lots (NYSE:BIG) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Big Lots (NYSE:BIG) in a report published on Saturday. The firm issued a sell rating on the stock.

BIG has been the topic of several other research reports. Loop Capital upgraded shares of Big Lots from a sell rating to a hold rating and set a $1.00 price objective on the stock in a research note on Thursday, July 11th. Telsey Advisory Group dropped their price objective on shares of Big Lots from $2.50 to $1.50 and set a market perform rating on the stock in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to MarketBeat.com, Big Lots currently has a consensus rating of Reduce and an average target price of $2.50.

Big Lots Stock Down 40.2 %

BIG stock opened at $0.30 on Friday. Big Lots has a 52-week low of $0.30 and a 52-week high of $8.41. The company’s 50 day simple moving average is $0.98 and its 200-day simple moving average is $2.60. The company has a debt-to-equity ratio of 7.05, a current ratio of 1.39 and a quick ratio of 0.16. The firm has a market capitalization of $8.82 million, a P/E ratio of -0.02 and a beta of 2.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Big Lots by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 1,598,679 shares of the company’s stock valued at $6,922,000 after buying an additional 56,540 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Big Lots by 40.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,131 shares of the company’s stock valued at $7,713,000 after buying an additional 284,258 shares during the last quarter. GSA Capital Partners LLP grew its stake in Big Lots by 244.7% in the 1st quarter. GSA Capital Partners LLP now owns 461,188 shares of the company’s stock valued at $1,997,000 after buying an additional 327,397 shares during the last quarter. Marshall Wace LLP grew its stake in Big Lots by 1,132.9% in the 2nd quarter. Marshall Wace LLP now owns 200,960 shares of the company’s stock valued at $348,000 after buying an additional 184,660 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Big Lots in the 2nd quarter valued at $269,000. Institutional investors own 75.96% of the company’s stock.

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.