Fintel reports that on July 11, 2024, Loop Capital upgraded their outlook for Big Lots (NYSE:BIG) from Sell to Hold.
Analyst Price Forecast Suggests 184.71% Upside
As of July 4, 2024, the average one-year price target for Big Lots is $2.93/share. The forecasts range from a low of $1.01 to a high of $6.30. The average price target represents an increase of 184.71% from its latest reported closing price of $1.03 / share.
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The projected annual revenue for Big Lots is 5,937MM, an increase of 28.85%. The projected annual non-GAAP EPS is 2.92.
What is the Fund Sentiment?
There are 263 funds or institutions reporting positions in Big Lots. This is an decrease of 4 owner(s) or 1.50% in the last quarter. Average portfolio weight of all funds dedicated to BIG is 0.03%, an increase of 40.08%. Total shares owned by institutions decreased in the last three months by 9.87% to 18,820K shares. 
The put/call ratio of BIG is 1.25, indicating a bearish outlook.
What are Other Shareholders Doing?
FLPSX - Fidelity Low-Priced Stock Fund holds 1,207K shares representing 4.09% ownership of the company. In its prior filing, the firm reported owning 1,219K shares , representing a decrease of 1.02%. The firm decreased its portfolio allocation in BIG by 39.99% over the last quarter.
Charles Schwab Investment Management holds 1,195K shares representing 4.05% ownership of the company. In its prior filing, the firm reported owning 990K shares , representing an increase of 17.11%. The firm decreased its portfolio allocation in BIG by 39.03% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 873K shares representing 2.96% ownership of the company. In its prior filing, the firm reported owning 830K shares , representing an increase of 4.97%. The firm decreased its portfolio allocation in BIG by 46.68% over the last quarter.
IWM - iShares Russell 2000 ETF holds 743K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 823K shares , representing a decrease of 10.82%. The firm decreased its portfolio allocation in BIG by 48.35% over the last quarter.
Geode Capital Management holds 606K shares representing 2.05% ownership of the company. In its prior filing, the firm reported owning 605K shares , representing an increase of 0.05%. The firm decreased its portfolio allocation in BIG by 50.84% over the last quarter.
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.
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