Big Lots (NYSE:BIG) Sets New 52-Week Low at $19.27

Big Lots, Inc. (NYSE:BIG)’s share price reached a new 52-week low on Tuesday . The company traded as low as $19.27 and last traded at $19.46, with a volume of 53970 shares changing hands. The stock had previously closed at $20.68.

BIG has been the subject of a number of recent research reports. Telsey Advisory Group set a $26.00 price objective on shares of Big Lots and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research note on Monday, July 22nd. Loop Capital lifted their price objective on shares of Big Lots to $25.00 and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Barclays reduced their price objective on shares of Big Lots from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 3rd. Finally, Citigroup reduced their price objective on shares of Big Lots from $34.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.25.

The business’s 50-day moving average price is $21.82 and its 200 day moving average price is $25.42. The stock has a market capitalization of $766.35 million, a PE ratio of 4.82, a price-to-earnings-growth ratio of 1.37 and a beta of 1.37. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.17 and a current ratio of 1.09.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, August 30th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. Big Lots had a net margin of 2.33% and a return on equity of 24.68%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. As a group, equities research analysts predict that Big Lots, Inc. will post 3.8 earnings per share for the current year.

In other news, SVP Ronald A. Robins, Jr. sold 5,000 shares of Big Lots stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.42, for a total transaction of $117,100.00. Following the completion of the sale, the senior vice president now directly owns 30,532 shares of the company’s stock, valued at approximately $715,059.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Investment Advisory Services LLC bought a new stake in shares of Big Lots during the 2nd quarter worth $26,000. NumerixS Investment Technologies Inc bought a new stake in Big Lots in the second quarter worth $31,000. Tower Research Capital LLC TRC bought a new stake in Big Lots in the third quarter worth $38,000. Price Wealth Management Inc. bought a new stake in Big Lots in the second quarter worth $46,000. Finally, KBC Group NV bought a new stake in Big Lots in the second quarter worth $94,000. 99.04% of the stock is owned by institutional investors.

About Big Lots (NYSE:BIG)

Big Lots, Inc, through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

Recommended Story: Growth Stocks

Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.