StockNews.com assumed coverage on shares of Big Lots (NYSE:BIG – Free Report) in a research report report published on Monday morning. The brokerage issued a sell rating on the stock.
Other equities research analysts also recently issued research reports about the company. Loop Capital raised Big Lots from a sell rating to a hold rating and set a $1.00 target price on the stock in a report on Thursday, July 11th. Telsey Advisory Group lowered their target price on Big Lots from $2.50 to $1.50 and set a market perform rating for the company in a research note on Monday, August 5th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, Big Lots presently has a consensus rating of Reduce and a consensus target price of $2.50.
Check Out Our Latest Analysis on BIG
Big Lots Stock Performance
Institutional Investors Weigh In On Big Lots
A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System purchased a new position in Big Lots in the first quarter valued at approximately $54,000. Ground Swell Capital LLC bought a new stake in shares of Big Lots during the 2nd quarter valued at $26,000. Quadrature Capital Ltd purchased a new position in Big Lots during the 4th quarter valued at about $245,000. Price T Rowe Associates Inc. MD increased its position in shares of 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 buying an additional 11,915 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Big Lots in the fourth quarter worth about $400,000. Institutional investors and hedge funds 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.
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