News articles about Big Lots (NYSE:BIG) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Big Lots earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.6407476252573 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
Shares of Big Lots (NYSE BIG) opened at $59.16 on Friday. The company has a market cap of $2,490.00, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99. Big Lots has a fifty-two week low of $45.10 and a fifty-two 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.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, December 1st. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 earnings per share. equities research analysts anticipate that Big Lots will post 4.27 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, December 14th. Big Lots’s payout ratio is 25.51%.
Several research firms recently weighed in on BIG. Oppenheimer restated a “market perform” rating on shares of Big Lots in a research report on Wednesday, January 10th. Citigroup lowered shares of Big Lots from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 10th. They noted that the move was a valuation call. UBS Group lowered shares of Big Lots from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 10th. Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Telsey Advisory Group increased their price target on shares of Big Lots from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Monday, December 4th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $60.64.
In related news, Director Jeffrey Paul Berger sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $58.00, for a total value of $348,000.00. Following the transaction, the director now directly owns 7,566 shares in the company, valued at $438,828. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timothy A. Johnson sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the completion of the transaction, the insider now owns 65,649 shares in the company, valued at $3,610,695. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
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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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