ValuEngine downgraded shares of Big Lots (NYSE:BIG) from a sell rating to a strong sell rating in a research report released on Friday morning.

A number of other equities research analysts have also recently commented on BIG. Loop Capital reduced their target price on shares of Big Lots from $43.00 to $32.00 and set a hold rating for the company in a research report on Friday. Bank of America began coverage on shares of Big Lots in a research report on Monday, November 5th. They issued a buy rating and a $56.00 target price for the company. Finally, Piper Jaffray Companies upgraded shares of Big Lots from a neutral rating to an overweight rating and increased their target price for the company from $43.00 to $53.00 in a research report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Big Lots presently has an average rating of Buy and a consensus price target of $50.81.

BIG traded down $9.30 during midday trading on Friday, hitting $31.00. 13,872,683 shares of the company traded hands, compared to its average volume of 924,672. The company has a quick ratio of 0.32, a current ratio of 1.69 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 1.03 and a beta of 0.95. Big Lots has a 52-week low of $30.32 and a 52-week high of $64.42.

Big Lots (NYSE:BIG) last issued its earnings results on Friday, December 7th. The company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.15). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Big Lots had a net margin of 3.14% and a return on equity of 27.83%. Big Lots’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. On average, research analysts forecast that Big Lots will post 4.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, December 13th. Big Lots’s payout ratio is currently 26.97%.

A number of institutional investors have recently added to or reduced their stakes in BIG. Principal Financial Group Inc. increased its position in Big Lots by 2.8% during the first quarter. Principal Financial Group Inc. now owns 232,097 shares of the company’s stock worth $10,103,000 after purchasing an additional 6,409 shares during the last quarter. Bank of Montreal Can acquired a new stake in Big Lots during the second quarter worth about $2,750,000. Janney Montgomery Scott LLC increased its position in Big Lots by 21.5% during the second quarter. Janney Montgomery Scott LLC now owns 20,235 shares of the company’s stock worth $845,000 after purchasing an additional 3,584 shares during the last quarter. Victory Capital Management Inc. increased its position in Big Lots by 13,578.9% during the second quarter. Victory Capital Management Inc. now owns 816,906 shares of the company’s stock worth $34,131,000 after purchasing an additional 810,934 shares during the last quarter. Finally, Jennison Associates LLC acquired a new stake in Big Lots during the second quarter worth about $569,000.

Big Lots Company Profile

Big Lots, Inc, through its subsidiaries, operates as a community 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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