Big Lots (NYSE:BIG) CEO David J. Campisi sold 20,657 shares of Big Lots stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $43.73, for a total transaction of $903,330.61. Following the completion of the transaction, the chief executive officer now directly owns 170,560 shares in the company, valued at approximately $7,458,588.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NYSE BIG opened at $43.06 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.25 and a current ratio of 1.73. Big Lots has a 12-month low of $42.36 and a 12-month high of $64.42. The company has a market capitalization of $1,867.09, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.13.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, March 9th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.14. Big Lots had a net margin of 3.60% and a return on equity of 31.12%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company earned $2.26 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. analysts predict that Big Lots will post 4.88 EPS for the current fiscal year.
Big Lots announced that its board has initiated a share buyback plan on Friday, March 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Friday, March 23rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 22nd. This is an increase from Big Lots’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.79%. Big Lots’s dividend payout ratio (DPR) is 26.97%.
Several hedge funds and other institutional investors have recently bought and sold shares of BIG. C M Bidwell & Associates Ltd. acquired a new stake in shares of Big Lots in the fourth quarter valued at approximately $104,000. We Are One Seven LLC acquired a new stake in shares of Big Lots in the fourth quarter valued at approximately $110,000. Cerebellum GP LLC acquired a new stake in shares of Big Lots in the fourth quarter valued at approximately $128,000. Pitcairn Co. acquired a new stake in shares of Big Lots in the fourth quarter valued at approximately $200,000. Finally, Groesbeck Investment Management Corp NJ acquired a new stake in shares of Big Lots in the fourth quarter valued at approximately $202,000.
A number of research analysts have weighed in on BIG shares. UBS lowered shares of Big Lots from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. Citigroup lowered shares of Big Lots from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “market perform” rating on shares of Big Lots in a research note on Wednesday, January 10th. Loop Capital reaffirmed a “buy” rating and issued a $70.00 price target on shares of Big Lots in a research note on Monday, January 29th. Finally, Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Wednesday, January 31st. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.83.
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Big Lots Company Profile
Big Lots, Inc, through its subsidiaries, operates as a non-traditional, discount retailer in the United States. The company offers products under various merchandising categories, such as food category that includes beverage and grocery, candy and snacks, and specialty foods departments; consumables category, which comprises health and beauty, plastics, paper, chemical, and pet departments; soft home category that consists of home décor, frames, fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and furniture category consisting of upholstery, mattress, ready-to-assemble, and case goods departments.
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