Big Lots, Inc. (NYSE:BIG) has earned an average recommendation of “Buy” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $57.00.

Several research firms recently issued reports on BIG. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Monday, May 8th. Loop Capital reiterated a “buy” rating and set a $64.00 price target on shares of Big Lots in a research report on Tuesday, May 30th. Oppenheimer Holdings, Inc. set a $60.00 price target on shares of Big Lots and gave the stock a “buy” rating in a research report on Saturday, May 27th. ValuEngine lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Raymond James Financial, Inc. upgraded shares of Big Lots from a “market perform” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a research report on Wednesday, April 26th.

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Big Lots (NYSE:BIG) traded down 0.64% on Monday, hitting $47.88. 127,534 shares of the stock were exchanged. The company has a 50-day moving average price of $48.23 and a 200 day moving average price of $49.36. The company has a market capitalization of $2.12 billion, a PE ratio of 13.00 and a beta of 0.85. Big Lots has a 1-year low of $42.40 and a 1-year high of $56.54.

Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, May 26th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.16. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Big Lots had a net margin of 3.20% and a return on equity of 29.88%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. Analysts anticipate that Big Lots will post $4.20 EPS for the current fiscal year.

In other news, insider Lisa M. Bachmann sold 9,538 shares of the firm’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $51.09, for a total transaction of $487,296.42. Following the completion of the transaction, the insider now owns 45,920 shares of the company’s stock, valued at $2,346,052.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in BIG. BlackRock Inc. increased its position in Big Lots by 3,846.5% in the first quarter. BlackRock Inc. now owns 6,101,011 shares of the company’s stock valued at $296,996,000 after buying an additional 5,946,417 shares during the last quarter. Vanguard Group Inc. increased its position in Big Lots by 7.2% in the first quarter. Vanguard Group Inc. now owns 5,474,133 shares of the company’s stock valued at $266,480,000 after buying an additional 368,464 shares during the last quarter. Wells Fargo & Company MN increased its position in Big Lots by 10.7% in the first quarter. Wells Fargo & Company MN now owns 2,187,917 shares of the company’s stock valued at $106,508,000 after buying an additional 211,842 shares during the last quarter. State Street Corp increased its position in Big Lots by 0.8% in the first quarter. State Street Corp now owns 1,611,995 shares of the company’s stock valued at $78,474,000 after buying an additional 12,308 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Big Lots by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,471,107 shares of the company’s stock valued at $71,614,000 after buying an additional 93,137 shares during the last quarter.

About Big Lots

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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