News coverage about Big Lots (NYSE:BIG) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Big Lots earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.034419684579 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
Shares of Big Lots (BIG) traded down $0.10 during trading on Friday, hitting $57.37. The company had a trading volume of 1,368,834 shares, compared to its average volume of 899,647. Big Lots has a 52 week low of $45.10 and a 52 week high of $60.20. The company has a current ratio of 1.66, a quick ratio of 0.24 and a debt-to-equity ratio of 0.66. The company has a market cap of $2,411.43, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, December 1st. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 EPS. analysts predict that Big Lots will post 4.26 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 1.74%. Big Lots’s payout ratio is currently 25.58%.
Several equities research analysts have recently weighed in on BIG shares. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Thursday, September 21st. Oppenheimer reissued a “buy” rating on shares of Big Lots in a research note on Wednesday, September 20th. KeyCorp reissued a “buy” rating and issued a $58.00 price target on shares of Big Lots in a research note on Friday, November 10th. Raymond James Financial reissued a “buy” rating and issued a $67.00 price target on shares of Big Lots in a research note on Saturday, December 2nd. Finally, Citigroup set a $69.00 target price on Big Lots and gave the company a “buy” rating in a research report on Tuesday, December 5th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $60.64.
In other Big Lots news, insider Timothy A. Johnson sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $55.00, for a total value of $1,100,000.00. Following the transaction, the insider now owns 65,649 shares in the company, valued at $3,610,695. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey Paul Berger sold 6,000 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $58.00, for a total value of $348,000.00. Following the completion of the transaction, the director now owns 7,566 shares in the company, valued at approximately $438,828. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.
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About Big Lots
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
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