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.
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.
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