Money Concepts Capital Corp Increases Position in Big Lots, Inc. (NYSE:BIG)

Money Concepts Capital Corp raised its holdings in shares of Big Lots, Inc. (NYSE:BIGFree Report) by 2.9% in the third quarter, Holdings Channel.com reports. The firm owned 124,274 shares of the company’s stock after buying an additional 3,481 shares during the period. Money Concepts Capital Corp’s holdings in Big Lots were worth $635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. US Bancorp DE boosted its stake in Big Lots by 32.5% during the 1st quarter. US Bancorp DE now owns 2,053 shares of the company’s stock valued at $71,000 after acquiring an additional 503 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in Big Lots by 8.0% during the first quarter. Cetera Advisor Networks LLC now owns 6,633 shares of the company’s stock worth $230,000 after purchasing an additional 489 shares during the last quarter. Citigroup Inc. boosted its holdings in Big Lots by 1.2% in the first quarter. Citigroup Inc. now owns 30,213 shares of the company’s stock worth $1,045,000 after purchasing an additional 347 shares during the period. AlphaCrest Capital Management LLC acquired a new stake in shares of Big Lots during the first quarter worth $391,000. Finally, MetLife Investment Management LLC grew its position in shares of Big Lots by 58.5% during the 1st quarter. MetLife Investment Management LLC now owns 16,782 shares of the company’s stock valued at $581,000 after buying an additional 6,194 shares during the last quarter. 72.02% of the stock is currently owned by hedge funds and other institutional investors.

Big Lots Trading Up 2.9 %

Shares of BIG stock opened at $6.68 on Thursday. The stock has a 50-day simple moving average of $6.05 and a 200 day simple moving average of $6.45. The stock has a market capitalization of $195.19 million, a P/E ratio of -0.42 and a beta of 2.35. Big Lots, Inc. has a fifty-two week low of $3.47 and a fifty-two week high of $19.97. The company has a quick ratio of 0.15, a current ratio of 1.44 and a debt-to-equity ratio of 1.70.

Big Lots (NYSE:BIGGet Free Report) last posted its quarterly earnings data on Thursday, November 30th. The company reported ($4.38) earnings per share for the quarter, beating the consensus estimate of ($4.68) by $0.30. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Big Lots had a negative net margin of 9.59% and a negative return on equity of 68.06%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter last year, the firm posted ($2.99) EPS. On average, sell-side analysts expect that Big Lots, Inc. will post -11.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on BIG. Telsey Advisory Group upped their target price on Big Lots from $6.00 to $7.00 and gave the company a “market perform” rating in a report on Tuesday, December 12th. StockNews.com raised Big Lots from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. The Goldman Sachs Group cut their price objective on shares of Big Lots from $5.00 to $4.00 and set a “sell” rating on the stock in a research report on Friday, October 20th. Finally, Piper Sandler decreased their target price on shares of Big Lots from $6.00 to $3.50 and set an “underweight” rating for the company in a research report on Friday, December 1st. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.58.

Get Our Latest Analysis on Big Lots

Big Lots Company Profile

(Free Report)

Big Lots, Inc, through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday departments; soft home category that consists of home décor, frames, fashion and utility bedding, bath, window, decorative textile, and area rugs departments; and food category that includes beverage and grocery, specialty foods, and pet departments.

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Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

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