Wall Street brokerages expect that Big Lots, Inc. (NYSE:BIG) will post $1.65 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Big Lots’ earnings. The lowest sales estimate is $1.60 billion and the highest is $1.68 billion. Big Lots posted sales of $1.58 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The company is expected to issue its next earnings report on Friday, March 2nd.
According to Zacks, analysts expect that Big Lots will report full-year sales of $1.65 billion for the current fiscal year, with estimates ranging from $5.23 billion to $5.30 billion. For the next year, analysts anticipate that the company will post sales of $5.24 billion per share, with estimates ranging from $5.09 billion to $5.31 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Big Lots.
Big Lots (NYSE:BIG) last posted its earnings results on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $0.04 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis.
Several equities research analysts have recently issued reports on BIG shares. KeyCorp reissued a “buy” rating and set a $58.00 target price on shares of Big Lots in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Raymond James Financial reissued a “buy” rating and set a $67.00 target price on shares of Big Lots in a research note on Saturday, December 2nd. Telsey Advisory Group increased their target price on shares of Big Lots from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Monday, December 4th. Finally, Citigroup set a $69.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $62.40.
Shares of Big Lots (NYSE:BIG) opened at $54.86 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.24 and a current ratio of 1.66. Big Lots has a 12 month low of $45.10 and a 12 month high of $64.42. The stock has a market cap of $2,383.26, a PE ratio of 14.03, a PEG ratio of 0.85 and a beta of 0.95.
In other Big Lots news, insider Timothy A. Johnson sold 20,000 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $55.00, for a total value of $1,100,000.00. Following the completion of the sale, the insider now owns 65,649 shares in the company, valued at approximately $3,610,695. The transaction was disclosed in a legal 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 dated Friday, January 5th. The shares were sold at an average price of $58.00, for a total transaction of $348,000.00. Following the completion of the sale, the director now owns 7,566 shares of the company’s stock, valued at approximately $438,828. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Csenge Advisory Group acquired a new stake in Big Lots in the 3rd quarter valued at about $218,000. Canada Pension Plan Investment Board raised its holdings in Big Lots by 20.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 90,299 shares of the company’s stock valued at $4,837,000 after acquiring an additional 15,200 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in Big Lots in the 3rd quarter valued at about $2,959,000. Jane Street Group LLC acquired a new stake in Big Lots in the 3rd quarter valued at about $524,000. Finally, State Street Corp raised its holdings in Big Lots by 1.8% in the 2nd quarter. State Street Corp now owns 1,640,504 shares of the company’s stock valued at $79,233,000 after acquiring an additional 28,509 shares during the last quarter.
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Big Lots Company Profile
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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