Big Lots, Inc. (NYSE:BIG) has earned an average rating of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $61.88.
BIG has been the topic of several research reports. KeyCorp reissued a “buy” rating and issued a $58.00 price objective on shares of Big Lots in a research report on Friday, November 10th. Zacks Investment Research lowered Big Lots from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Oppenheimer reissued a “market perform” rating on shares of Big Lots in a research report on Wednesday, January 10th. Citigroup set a $69.00 price objective on Big Lots and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, UBS Group lowered Big Lots from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 10th.
Big Lots (NYSE:BIG) traded up $1.88 during trading hours on Friday, reaching $57.79. The company’s stock had a trading volume of 907,853 shares, compared to its average volume of 1,045,034. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66. Big Lots has a one year low of $45.10 and a one year high of $64.42. The stock has a market capitalization of $2,367.71, a price-to-earnings ratio of 14.78, a PEG ratio of 0.84 and a beta of 0.95.
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 consensus estimate of $0.04 by $0.02. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.04 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. research analysts predict that Big Lots will post 4.29 EPS for the current fiscal year.
In other news, Director Jeffrey Paul Berger sold 6,000 shares of Big Lots stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $58.00, for a total transaction of $348,000.00. Following the sale, the director now directly owns 7,566 shares of the company’s stock, valued at $438,828. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy A. Johnson sold 20,000 shares of Big Lots stock in a transaction dated 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 sale, the insider now directly owns 65,649 shares in the company, valued at $3,610,695. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Csenge Advisory Group purchased a new stake in shares of Big Lots during the third quarter worth about $218,000. Canada Pension Plan Investment Board increased its holdings in Big Lots by 20.2% in the third quarter. Canada Pension Plan Investment Board now owns 90,299 shares of the company’s stock valued at $4,837,000 after buying an additional 15,200 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in Big Lots in the third quarter valued at about $615,000. Vident Investment Advisory LLC bought a new stake in Big Lots in the third quarter valued at about $2,959,000. Finally, Jane Street Group LLC bought a new stake in Big Lots in the third quarter valued at about $524,000.
TRADEMARK VIOLATION WARNING: This report was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.dispatchtribunal.com/2018/02/14/big-lots-inc-big-receives-consensus-rating-of-buy-from-analysts.html.
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.
Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.