ValuEngine Lowers Big Lots (BIG) to Strong Sell

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

Several other analysts have also recently commented on BIG. Loop Capital dropped their price target on 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 Big Lots in a research report on Monday, November 5th. They set a buy rating and a $56.00 price target for the company. Finally, Piper Jaffray Companies upgraded Big Lots from a neutral rating to an overweight rating and boosted their price target for the stock from $43.00 to $53.00 in a research report on Monday, November 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $50.81.

Shares of BIG opened at $31.00 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32. Big Lots has a one year low of $30.32 and a one year high of $64.42. The company has a market cap of $1.24 billion, a P/E ratio of 6.97, a PEG ratio of 0.79 and a beta of 0.95.

Big Lots (NYSE:BIG) last issued its quarterly earnings results on Friday, December 7th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.15). Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that Big Lots will post 4.42 EPS for the current year.

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

A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Big Lots by 1.8% in the 2nd quarter. BlackRock Inc. now owns 5,110,859 shares of the company’s stock valued at $213,532,000 after buying an additional 90,820 shares in the last quarter. LSV Asset Management grew its holdings in Big Lots by 13.8% in the 2nd quarter. LSV Asset Management now owns 2,563,773 shares of the company’s stock valued at $107,114,000 after buying an additional 310,800 shares in the last quarter. AQR Capital Management LLC grew its holdings in Big Lots by 9.6% in the 3rd quarter. AQR Capital Management LLC now owns 2,127,047 shares of the company’s stock valued at $88,890,000 after buying an additional 186,036 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Big Lots by 5.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,688,782 shares of the company’s stock valued at $70,573,000 after buying an additional 94,193 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Big Lots by 15.7% in the 3rd quarter. Victory Capital Management Inc. now owns 945,276 shares of the company’s stock valued at $39,503,000 after buying an additional 128,370 shares in the last quarter.

About Big Lots

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

Read More: How analysts view the yield curve

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Big Lots (NYSE:BIG)

Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply