StockNews.com Begins Coverage on Big Lots (NYSE:BIG)

Analysts at StockNews.com began coverage on shares of Big Lots (NYSE:BIG) in a note issued to investors on Monday. The firm set a “sell” rating on the stock.

BIG has been the topic of several other research reports. Telsey Advisory Group decreased their target price on Big Lots from $2.50 to $1.50 and set a “market perform” rating on the stock in a report on Monday, August 5th. Loop Capital upgraded Big Lots from a “sell” rating to a “hold” rating and set a $1.00 price target for the company in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, Big Lots has a consensus rating of “Reduce” and a consensus target price of $2.50.

Big Lots Stock Down 40.2 %

Shares of Big Lots stock opened at $0.30 on Monday. The firm has a market cap of $8.82 million, a price-to-earnings ratio of -0.02 and a beta of 2.20. The company has a debt-to-equity ratio of 7.05, a current ratio of 1.39 and a quick ratio of 0.16. Big Lots has a 52-week low of $0.30 and a 52-week high of $8.41. The stock has a 50-day simple moving average of $0.92 and a 200-day simple moving average of $2.56.

Hedge Funds Weigh In On Big Lots

Large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in Big Lots by 46.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,421 shares of the company’s stock worth $163,000 after purchasing an additional 11,915 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Big Lots in the 1st quarter valued at about $54,000. Ground Swell Capital LLC acquired a new stake in shares of Big Lots during the 2nd quarter worth about $26,000. Trexquant Investment LP increased its position in Big Lots by 59.0% during the fourth quarter. Trexquant Investment LP now owns 63,269 shares of the company’s stock worth $493,000 after buying an additional 23,484 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Big Lots in the fourth quarter valued at approximately $245,000. 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.