Big Lots (NYSE:BIG) Upgraded to “Buy” by Loop Capital

Loop Capital upgraded shares of Big Lots (NYSE:BIG) from a hold rating to a buy rating in a research report released on Monday, BenzingaRatingsTable reports.

A number of other analysts have also issued reports on the company. Zacks Investment Research lowered Big Lots from a buy rating to a hold rating and set a $38.00 target price on the stock. in a report on Wednesday, May 27th. Jefferies Financial Group raised their price objective on Big Lots from $55.00 to $75.00 in a research report on Monday, May 4th. Goldman Sachs Group assumed coverage on Big Lots in a research report on Monday, May 18th. They issued a neutral rating and a $25.00 price objective for the company. UBS Group reduced their price objective on Big Lots from $49.00 to $44.00 in a research report on Monday, April 6th. Finally, Cfra raised their price objective on Big Lots from $40.00 to $48.00 and gave the stock a buy rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Big Lots currently has a consensus rating of Hold and a consensus price target of $38.00.

Shares of NYSE BIG opened at $40.37 on Monday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.48 and a current ratio of 1.48. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 5.72, a P/E/G ratio of 0.95 and a beta of 2.39. The business’s 50-day simple moving average is $35.06 and its 200-day simple moving average is $25.93. Big Lots has a 52 week low of $10.13 and a 52 week high of $44.90.

Big Lots (NYSE:BIG) last released its earnings results on Friday, May 29th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.86. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.32 billion. Big Lots had a return on equity of 19.99% and a net margin of 5.05%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. As a group, equities research analysts forecast that Big Lots will post 6.1 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. Big Lots’s dividend payout ratio (DPR) is presently 32.70%.

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its position in Big Lots by 35.6% in the 4th quarter. Bank of Montreal Can now owns 6,379 shares of the company’s stock valued at $183,000 after purchasing an additional 1,674 shares during the last quarter. Ancora Advisors LLC bought a new position in Big Lots in the 4th quarter valued at $7,180,000. Rafferty Asset Management LLC bought a new position in Big Lots in the 4th quarter valued at $201,000. New York State Common Retirement Fund raised its position in Big Lots by 3.5% in the 1st quarter. New York State Common Retirement Fund now owns 263,782 shares of the company’s stock valued at $3,751,000 after purchasing an additional 9,000 shares during the last quarter. Finally, GW Henssler & Associates Ltd. bought a new position in Big Lots in the 1st quarter valued at $200,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

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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