Big Lots (NYSE:BIG) had its price target raised by analysts at Telsey Advisory Group from $56.00 to $59.00 in a report released on Monday, MarketBeat reports. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price points to a potential upside of 0.12% from the company’s current price.

Several other research analysts have also commented on the company. Loop Capital set a $64.00 price target on Big Lots and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Zacks Investment Research lowered Big Lots from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. KeyCorp reissued a “buy” rating and issued a $58.00 price target on shares of Big Lots in a research report on Friday, November 10th. ValuEngine raised Big Lots from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Finally, Oppenheimer set a $60.00 price target on Big Lots and gave the stock a “buy” rating in a research report on Friday, August 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $60.00.

Shares of Big Lots (NYSE:BIG) traded up $0.72 during mid-day trading on Monday, hitting $58.93. The company’s stock had a trading volume of 1,584,163 shares, compared to its average volume of 1,017,873. The stock has a market cap of $2,471.15, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66. Big Lots has a twelve month low of $45.10 and a twelve month high of $60.18.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, December 1st. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. 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 company’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $51.00, for a total transaction 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David J. Campisi sold 96,940 shares of the company’s stock in a transaction dated 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 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. Corporate insiders own 1.70% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Balyasny Asset Management LLC grew its stake in Big Lots by 43.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,080,139 shares of the company’s stock valued at $52,171,000 after purchasing an additional 326,620 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in Big Lots by 37.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock valued at $60,100,000 after purchasing an additional 303,207 shares during the last quarter. Stifel Financial Corp grew its stake in Big Lots by 631.7% during the 2nd quarter. Stifel Financial Corp now owns 261,342 shares of the company’s stock valued at $12,651,000 after purchasing an additional 225,625 shares during the last quarter. APG Asset Management N.V. purchased a new stake in Big Lots during the 3rd quarter valued at about $11,523,000. Finally, Marshall Wace North America L.P. grew its stake in Big Lots by 120.4% during the 2nd quarter. Marshall Wace North America L.P. now owns 347,046 shares of the company’s stock valued at $16,658,000 after purchasing an additional 189,591 shares during the last quarter.

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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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