Big Lots, Inc. (NYSE:BIG - Get Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 7,600,000 shares, a growth of 6.3% from the April 15th total of 7,150,000 shares. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 5.1 days. Currently, 28.4% of the shares of the stock are short sold.
Big Lots Trading Down 3.9 %
BIG traded down $0.15 during trading on Friday, reaching $3.70. 1,392,623 shares of the company's stock were exchanged, compared to its average volume of 1,442,061. The company's fifty day moving average price is $3.76 and its 200-day moving average price is $4.98. The firm has a market capitalization of $109.19 million, a PE ratio of -0.22 and a beta of 2.33. Big Lots has a fifty-two week low of $3.13 and a fifty-two week high of $11.06. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.16 and a current ratio of 1.31.
Big Lots (NYSE:BIG - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.05). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Big Lots had a negative net margin of 10.20% and a negative return on equity of 90.53%. The company's revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.28) EPS. As a group, equities analysts forecast that Big Lots will post -10.53 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have recently commented on BIG shares. Telsey Advisory Group decreased their price target on shares of Big Lots from $7.00 to $5.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 13th. StockNews.com upgraded Big Lots from a "sell" rating to a "hold" rating in a research report on Friday, May 10th. Finally, Loop Capital downgraded Big Lots from a "hold" rating to a "sell" rating in a research report on Monday, February 12th. Four analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $5.25.
Read Our Latest Stock Report on Big Lots
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Money Concepts Capital Corp grew its holdings in shares of Big Lots by 2.9% in the 3rd quarter. Money Concepts Capital Corp now owns 124,274 shares of the company's stock valued at $635,000 after buying an additional 3,481 shares during the period. Barclays PLC increased its holdings in shares of Big Lots by 265.1% in the third quarter. Barclays PLC now owns 210,277 shares of the company's stock worth $1,073,000 after acquiring an additional 152,677 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Big Lots in the third quarter worth about $95,000. Clifford Capital Partners LLC raised its position in shares of Big Lots by 3.9% during the third quarter. Clifford Capital Partners LLC now owns 991,224 shares of the company's stock worth $5,065,000 after purchasing an additional 37,310 shares during the period. Finally, Dark Forest Capital Management LP lifted its holdings in shares of Big Lots by 549.3% during the 3rd quarter. Dark Forest Capital Management LP now owns 117,036 shares of the company's stock valued at $598,000 after purchasing an additional 99,011 shares in the last quarter. Institutional investors and hedge funds own 75.96% of the company's stock.
About Big Lots
(Get 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, home décor, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, lawn and garden, and other holiday departments; soft home category consists of apparel, hosiery, jewelry; frames, fashion and utility bedding, bath, window, decorative textiles, and area rugs departments; and food category that includes beverages and grocery, specialty foods, and candy and snacks departments.
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