Fintel reports that on May 31, 2023, Goldman Sachs maintained coverage of Big Lots (NYSE:BIG) with a Sell recommendation.
Analyst Price Forecast Suggests 146.36% Upside
As of May 11, 2023, the average one-year price target for Big Lots is 12.37. The forecasts range from a low of 7.07 to a high of $16.80. The average price target represents an increase of 146.36% from its latest reported closing price of 5.02.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Big Lots is 5,597MM, an increase of 2.35%. The projected annual non-GAAP EPS is -0.13.
What is the Fund Sentiment?
There are 432 funds or institutions reporting positions in Big Lots. This is a decrease of 13 owner(s) or 2.92% in the last quarter. Average portfolio weight of all funds dedicated to BIG is 0.06%, a decrease of 26.97%. Total shares owned by institutions decreased in the last three months by 1.13% to 32,588K shares. 
The put/call ratio of BIG is 0.89, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 2,097K shares representing 7.23% ownership of the company. In it's prior filing, the firm reported owning 2,151K shares, representing a decrease of 2.55%. The firm decreased its portfolio allocation in BIG by 29.36% over the last quarter.
FLPSX - Fidelity Low-Priced Stock Fund holds 1,749K shares representing 6.03% ownership of the company. In it's prior filing, the firm reported owning 1,744K shares, representing an increase of 0.27%. The firm decreased its portfolio allocation in BIG by 19.05% over the last quarter.
Ninety One UK holds 1,656K shares representing 5.71% ownership of the company. In it's prior filing, the firm reported owning 1,747K shares, representing a decrease of 5.49%. The firm decreased its portfolio allocation in BIG by 31.33% over the last quarter.
FDMLX - Fidelity Series Intrinsic Opportunities Fund holds 1,100K shares representing 3.79% ownership of the company. No change in the last quarter.
Millennium Management holds 971K shares representing 3.35% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Big Lots Background Information
(This description is provided by the company.)
Headquartered in Columbus, Ohio, Big Lots, Inc. is a neighborhood discount retailer operating 1,411 stores in 47 states, as well as a best-in-class ecommerce platform with expanded capabilities via BOPIS, curbside pickup, Instacart and PICKUP with same day delivery. The company's product assortment is focused on home essentials: Furniture, Seasonal, Soft Home, Food, Consumables, Hard Home, and Electronics, Toys & Accessories. Big Lots' mission is to help people Live BIG and Save Lots. The company strives to be the BIG difference for a better life by delivering unmatched value to customers through surprise and delight, being a 'best place to work' culture for associates, rewarding shareholders with consistent growth and top-tier returns, as well as doing good in local communities.
Key filings for this company:
This story originally appeared on Fintel.
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