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 research report report published on Saturday morning. The brokerage issued a sell rating on the stock.

Several other research firms also recently weighed in on BIG. Loop Capital raised shares of Big Lots from a sell rating to a hold rating and set a $1.00 target price for the company in a research report on Thursday, July 11th. Telsey Advisory Group lowered their price objective on shares of Big Lots from $2.50 to $1.50 and set a market perform rating for the company in a research report on Monday, August 5th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Reduce and an average target price of $2.50.

Big Lots Price Performance

BIG opened at $0.30 on Friday. The company has a 50-day moving average of $0.98 and a 200-day moving average of $2.60. The company has a market capitalization of $8.82 million, a P/E ratio of -0.02 and a beta of 2.20. Big Lots has a 1-year low of $0.30 and a 1-year high of $8.41. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.16 and a current ratio of 1.39.

Institutional Trading of Big Lots

Several institutional investors and hedge funds have recently added to or reduced their stakes in BIG. Ground Swell Capital LLC acquired a new stake in Big Lots during the second quarter valued at approximately $26,000. State Board of Administration of Florida Retirement System acquired a new stake in Big Lots during the first quarter valued at approximately $54,000. Price T Rowe Associates Inc. MD lifted its stake in Big Lots by 46.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,421 shares of the company’s stock valued at $163,000 after purchasing an additional 11,915 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Big Lots during the fourth quarter valued at approximately $245,000. Finally, Squarepoint Ops LLC acquired a new stake in Big Lots during the second quarter valued at approximately $269,000. 75.96% of the stock is 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.