Big Lots (NYSE:BIG) Upgraded to Buy at Loop Capital

Big Lots (NYSE:BIG) was upgraded by stock analysts at Loop Capital from a “hold” rating to a “buy” rating in a report released on Monday, Marketbeat reports.

Other equities analysts have also issued reports about the company. Jefferies Financial Group boosted their price target on Big Lots from $55.00 to $75.00 in a research note on Monday, May 4th. Deutsche Bank boosted their price target on Big Lots from $31.00 to $37.00 and gave the company a “hold” rating in a research note on Monday, June 1st. Piper Sandler boosted their price target on Big Lots from $52.00 to $53.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. ValuEngine lowered Big Lots from a “sell” rating to a “strong sell” rating in a research note on Thursday, June 4th. Finally, UBS Group lowered their price objective on Big Lots from $49.00 to $44.00 in a research note on Monday, April 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Big Lots currently has an average rating of “Hold” and a consensus target price of $38.00.

Shares of BIG opened at $43.14 on Monday. Big Lots has a 12-month low of $10.13 and a 12-month high of $44.90. The company has a quick ratio of 0.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 1.39 and a beta of 2.35. The stock’s 50-day moving average price is $34.44 and its 200 day moving average price is $25.79.

Big Lots (NYSE:BIG) last issued its quarterly earnings results on Friday, May 29th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.86. Big Lots had a return on equity of 19.99% and a net margin of 5.05%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts expect that Big Lots will post 4.39 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. acquired a new position in Big Lots during the 4th quarter worth $36,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Big Lots by 36.4% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,153 shares of the company’s stock worth $61,000 after buying an additional 575 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in Big Lots during the 1st quarter worth $60,000. Engine Capital Management LP acquired a new position in Big Lots during the 1st quarter worth $118,000. Finally, Golden State Wealth Management LLC acquired a new position in Big Lots during the 1st quarter worth $77,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

About Big Lots

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 d├ęcor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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Analyst Recommendations for Big Lots (NYSE:BIG)

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