Goldman lowered the price target for the Big Lots Inc. (NYSE:BIG) stock from “a Neutral” to “a Sell”. The rating was released on December 14, 2021. We previously noted in another research note published on September 21, 2021 by Piper Sandler that downgraded the stock from an Overweight to a Neutral with a price target of $50 for BIG stock. The research report from Goldman has reiterated the stock to Neutral, with a price target set at $58. The stock was reiterated by Deutsche Bank, who disclosed in a research note on August 30, 2021, to Hold and set the price objective to $53. In their research brief published August 30, 2021, BofA Securities analysts reiterated the Big Lots Inc. stock to Underperform with a price target of $45.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Big Lots Inc. (NYSE:BIG) dipped -0.41% to close Friday’s market session at $43.41, lower as compared to yesterday’s close. The stock price fluctuated between $42.11 and $43.55 throughout the trading session with the volume trading being 876614 shares, which represented a significant variation when compared to the three months average volume of 833.06K shares. The firm’s stock price fluctuated -12.60% within the last five trades and 2.29% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -25.90% in the last 6 months and -6.56% was subtracted to its value over the previous 3 months. BIG stock is trading at a margin of -3.14%, -5.28% and -21.19% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, BIG deals in the Consumer Defensive domain. The stock is trading -40.72 percent below its 52-week high and 8.36 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -23.45. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Big Lots Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 4.90 percent and the profit margin is 3.70 percent, and the company has reported a gross margin of 39.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.36 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Big Lots Inc. (NYSE:BIG) is 7.05. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.51. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.22 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.31, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Schlonsky Michael Allen, the Executive Vice President at Big Lots Inc. (BIG) has sold 2,000 shares of firm on Jul 21 at a price of $61.27 against the total amount of $0.12 million. In another inside trade, Robins Ronald A Jr, Executive Vice President of Big Lots Inc. (NYSE:BIG) sold 10,000 shares of the firm on Apr 09 for a total worth of $0.68 million at a price of $67.50. An inside trade which took place on Apr 08, Director of Big Lots Inc. Chambers James R sold 10,000 shares of firm against total price of $0.65 million at the cost of $65.22 per share.