Big Lots, Inc. (NYSE:BIG) has been assigned a $64.00 target price by stock analysts at Loop Capital in a report issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price target would indicate a potential upside of 34.45% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. BidaskClub lowered shares of Big Lots from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Citigroup Inc. restated a “buy” rating and issued a $62.00 price objective (up from $61.00) on shares of Big Lots in a research note on Friday, June 9th. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Monday, May 8th. Deutsche Bank AG upgraded Big Lots from a “hold” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $56.00 in a research note on Tuesday, July 25th. Finally, ValuEngine lowered Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $57.67.

Big Lots (NYSE:BIG) opened at 47.60 on Wednesday. Big Lots has a 12-month low of $42.40 and a 12-month high of $56.54. The stock has a 50 day moving average price of $49.49 and a 200-day moving average price of $49.30. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 12.34 and a beta of 0.85.

Big Lots (NYSE:BIG) last announced its earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. Equities analysts predict that Big Lots will post $4.24 EPS for the current fiscal year.

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In related news, CEO David J. Campisi sold 28,875 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total value of $1,444,905.00. Following the completion of the transaction, the chief executive officer now owns 225,018 shares of the company’s stock, valued at approximately $11,259,900.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Allen Schlonsky sold 2,602 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $48.00, for a total transaction of $124,896.00. Following the completion of the transaction, the insider now directly owns 34,706 shares of the company’s stock, valued at approximately $1,665,888. The disclosure for this sale can be found here. Insiders sold a total of 73,577 shares of company stock valued at $3,717,951 in the last ninety days. 1.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Treasurer State of Michigan increased its position in shares of Big Lots by 1.1% in the first quarter. State Treasurer State of Michigan now owns 18,100 shares of the company’s stock valued at $881,000 after buying an additional 200 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Big Lots by 9.5% in the first quarter. Wedge Capital Management L L P NC now owns 374,085 shares of the company’s stock valued at $18,210,000 after buying an additional 32,404 shares in the last quarter. OLD National Bancorp IN increased its position in shares of Big Lots by 92.3% in the first quarter. OLD National Bancorp IN now owns 11,579 shares of the company’s stock valued at $564,000 after buying an additional 5,557 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Big Lots by 3.2% in the first quarter. Great West Life Assurance Co. Can now owns 27,106 shares of the company’s stock valued at $1,319,000 after buying an additional 829 shares in the last quarter. Finally, Bowling Portfolio Management LLC increased its position in shares of Big Lots by 22.1% in the first quarter. Bowling Portfolio Management LLC now owns 16,094 shares of the company’s stock valued at $783,000 after buying an additional 2,915 shares in the last quarter.

Big Lots Company Profile

Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.

Analyst Recommendations for Big Lots (NYSE:BIG)

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