Big Lots (NYSE:BIG)‘s stock had its “buy” rating reiterated by equities researchers at Raymond James Financial in a note issued to investors on Saturday.

BIG has been the subject of a number of other reports. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, August 17th. KeyCorp raised their price objective on Big Lots to $63.00 and gave the stock an “overweight” rating in a research report on Friday. Oppenheimer restated a “buy” rating on shares of Big Lots in a research report on Wednesday, September 20th. Finally, ValuEngine upgraded Big Lots from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Big Lots presently has a consensus rating of “Buy” and an average target price of $59.09.

Big Lots (BIG) opened at $58.21 on Friday. Big Lots has a 52 week low of $45.10 and a 52 week high of $60.18. The firm has a market capitalization of $2,471.13, a PE ratio of 14.06, a P/E/G ratio of 1.02 and a beta of 0.98. The company has a current ratio of 1.62, a quick ratio of 0.27 and a debt-to-equity ratio of 0.39.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, December 1st. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company posted $0.04 EPS. Big Lots’s revenue for the quarter was up .5% on a year-over-year basis. equities analysts forecast that Big Lots will post 4.24 EPS for the current fiscal year.

In related news, insider Ronald A. Robins, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the transaction, the insider now directly owns 7,925 shares of the company’s stock, valued at approximately $404,175. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David J. Campisi sold 96,940 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the transaction, the chief executive officer now directly owns 99,203 shares in the company, valued at $5,257,759. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank grew its holdings in shares of Big Lots by 88.9% during the 1st quarter. Huntington National Bank now owns 2,065 shares of the company’s stock worth $101,000 after purchasing an additional 972 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Big Lots during the 1st quarter worth approximately $101,000. Neuburgh Advisers LLC grew its holdings in shares of Big Lots by 14.3% during the 1st quarter. Neuburgh Advisers LLC now owns 2,112 shares of the company’s stock worth $103,000 after purchasing an additional 264 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Big Lots by 13.6% during the 2nd quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock worth $113,000 after purchasing an additional 280 shares in the last quarter. Finally, BKS Advisors LLC acquired a new stake in shares of Big Lots during the 3rd quarter worth approximately $117,000.

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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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