Reaffirmed: Big Lots (NYSE:BIG) Buy Rating Reconfirmed by Deutsche Bank; $58 Target in Place

May 24, 2018 - By Winifred Garcia

Big Lots, Inc. (NYSE:BIG) Logo

Investors sentiment is 1.03 in 2017 Q4. Its the same as in 2017Q3. It is the same, as 27 investors sold Big Lots, Inc. shares while 109 reduced holdings. only 60 funds opened positions while 80 raised stakes. 50.28 million shares or 2.45% less from 51.55 million shares in 2017Q3 were reported.

Liberty Mutual Gp Asset Mngmt invested in 0.02% or 11,223 shares. Dekabank Deutsche Girozentrale holds 0% or 2,858 shares. Proshare Advisors Ltd Liability, Maryland-based fund reported 10,256 shares. Mason Street Ltd Liability Corp has invested 0.03% in Big Lots, Inc. (NYSE:BIG). Camelot Portfolios Ltd Liability Com owns 4,024 shares or 0.11% of their US portfolio. Manufacturers Life Insurance The has 101,178 shares. Vanguard Gp accumulated 0.01% or 4.27M shares. California Public Employees Retirement holds 209,450 shares. Amalgamated Bancshares stated it has 0.01% in Big Lots, Inc. (NYSE:BIG). Tru Of Vermont, a Vermont-based fund reported 10 shares. Cwm Limited Liability invested in 0% or 9 shares. Pitcairn Communications has 3,563 shares. Crow Point Prtnrs Limited Liability Company stated it has 1,310 shares. Denver Investment Advisors Llc stated it has 0.87% of its portfolio in Big Lots, Inc. (NYSE:BIG). Mutual Of America Cap Management Ltd reported 34,569 shares.

Since January 4, 2018, it had 0 insider buys, and 3 selling transactions for $2.35 million activity. $1.10 million worth of Big Lots, Inc. (NYSE:BIG) was sold by JOHNSON TIMOTHY A. CAMPISI DAVID J sold 20,657 shares worth $903,341.

Big Lots (NYSE:BIG) Rating Reaffirmed

Deutsche Bank now has a $58 target price per share on shares of Big Lots (NYSE:BIG). The target price per share suggests a potential upside of 41.08 % from the close price of Big Lots (NYSE:BIG). This rating was revealed in a note on Thursday morning.

Big Lots, Inc. (NYSE:BIG) Ratings Coverage

Among 11 analysts covering Big Lots (NYSE:BIG), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Big Lots has $69.0 highest and $44 lowest target. $56.50’s average target is 37.44% above currents $41.11 stock price. Big Lots had 15 analyst reports since December 1, 2017 according to SRatingsIntel. The company was downgraded on Wednesday, January 10 by Oppenheimer. On Monday, December 4 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. Citigroup maintained the stock with “Neutral” rating in Tuesday, March 13 report. The firm earned “Overweight” rating on Monday, March 12 by KeyBanc Capital Markets. The stock has “Hold” rating by Piper Jaffray on Friday, December 1. Loop Capital maintained the shares of BIG in report on Monday, March 12 with “Buy” rating. The firm has “Overweight” rating given on Monday, March 12 by Morgan Stanley. The company was downgraded on Monday, April 16 by Raymond James. On Friday, March 9 the stock rating was maintained by Piper Jaffray with “Hold”. The stock has “Neutral” rating by JP Morgan on Tuesday, May 22.

The stock increased 1.66% or $0.67 during the last trading session, reaching $41.11. About 438,112 shares traded. Big Lots, Inc. (NYSE:BIG) has declined 11.14% since May 24, 2017 and is downtrending. It has underperformed by 22.69% the S&P500.

Analysts await Big Lots, Inc. (NYSE:BIG) to report earnings on May, 25. They expect $1.21 earnings per share, up 5.22 % or $0.06 from last year’s $1.15 per share. BIG’s profit will be $51.04M for 8.49 P/E if the $1.21 EPS becomes a reality. After $2.57 actual earnings per share reported by Big Lots, Inc. for the previous quarter, Wall Street now forecasts -52.92 % negative EPS growth.

Big Lots, Inc., through its subsidiaries, operates as a non-traditional, discount retailer in the United States. The company has market cap of $1.73 billion. The firm offers products under various merchandising categories, such as food category that includes beverage and grocery, candy and snacks, and specialty foods departments; consumables category, which comprises health and beauty, plastics, paper, chemical, and pet departments; soft home category that consists of home d??cor, frames, fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and furniture category consisting of upholstery, mattress, ready-to-assemble, and case goods departments. It has a 9.39 P/E ratio. It also provides merchandise under the seasonal category that includes lawn and garden, summer, Christmas, and other holiday departments; and electronics, toys, and accessories category, including electronics, jewelry, hosiery, toys, and infant accessories departments.

More news for Big Lots, Inc. (NYSE:BIG) were recently published by: Ft.com, which released: “NYSE appoints Cunningham first female leader” on May 22, 2018. Streetinsider.com‘s article titled: “Big Lots (BIG) weekly implied volatility increases into Q1” and published on May 23, 2018 is yet another important article.

Big Lots, Inc. (NYSE:BIG) Institutional Positions Chart

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