Big Lots (NYSE:BIG) had its target price lifted by analysts at Loop Capital from $60.00 to $65.00 in a research note issued to investors on Friday, The Fly reports. The firm presently has a “buy” rating on the stock. Loop Capital’s price target suggests a potential upside of 21.16% from the stock’s current price. The analysts noted that the move was a valuation call.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their price objective on Big Lots from $52.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, September 30th. Barclays upped their price objective on Big Lots from $34.00 to $50.00 and gave the stock an “equal weight” rating in a report on Monday, August 31st. Wolfe Research started coverage on Big Lots in a report on Friday, October 9th. They set an “outperform” rating and a $61.00 price objective on the stock. Zacks Investment Research lowered Big Lots from a “strong-buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a report on Wednesday, July 29th. Finally, TheStreet upgraded Big Lots from a “c+” rating to a “b-” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Big Lots presently has a consensus rating of “Hold” and an average price target of $49.50.

NYSE:BIG opened at $53.65 on Friday. The firm has a market cap of $2.11 billion, a P/E ratio of 2.95, a PEG ratio of 1.45 and a beta of 2.51. The company has a current ratio of 1.58, a quick ratio of 0.91 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $47.33 and its 200-day simple moving average is $37.24. Big Lots has a 12-month low of $10.13 and a 12-month high of $57.24.

Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, August 28th. The company reported $2.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.70 by $0.05. Big Lots had a return on equity of 25.78% and a net margin of 12.32%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. Big Lots’s quarterly revenue was up 31.3% on a year-over-year basis. Research analysts forecast that Big Lots will post 7.73 EPS for the current fiscal year.

In related news, EVP Lisa M. Bachmann sold 19,352 shares of the stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $42.36, for a total transaction of $819,750.72. Following the transaction, the executive vice president now directly owns 111,034 shares in the company, valued at $4,703,400.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA lifted its position in Big Lots by 99.5% during the second quarter. Glenmede Trust Co. NA now owns 766 shares of the company’s stock worth $31,000 after buying an additional 382 shares during the period. USA Financial Portformulas Corp acquired a new stake in Big Lots during the third quarter worth about $36,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Big Lots during the second quarter worth about $43,000. Advisor Group Holdings Inc. acquired a new stake in Big Lots during the first quarter worth about $60,000. Finally, PNC Financial Services Group Inc. increased its stake in Big Lots by 64.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,222 shares of the company’s stock worth $94,000 after acquiring an additional 867 shares during the last quarter.

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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