Brokerages predict that Big Lots (NYSE:BIG) will announce earnings per share of $1.21 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Big Lots’ earnings, with the highest EPS estimate coming in at $1.25 and the lowest estimate coming in at $1.18. Big Lots posted earnings per share of $1.15 during the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The business is scheduled to report its next earnings results on Friday, May 25th.
According to Zacks, analysts expect that Big Lots will report full-year earnings of $4.92 per share for the current fiscal year, with EPS estimates ranging from $4.84 to $5.20. For the next year, analysts forecast that the business will report earnings of $5.30 per share, with EPS estimates ranging from $5.19 to $5.52. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow Big Lots.
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, topping analysts’ consensus estimates 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 quarter last year, the firm posted $2.26 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year.
Several equities analysts have weighed in on the stock. TheStreet downgraded shares of Big Lots from a “b-” rating to a “c+” rating in a report on Friday. Raymond James Financial reaffirmed an “outperform” rating and set a $60.00 price target on shares of Big Lots in a report on Monday. UBS downgraded shares of Big Lots from a “strong-buy” rating to an “outperform” rating in a report on Monday. ValuEngine downgraded shares of Big Lots from a “buy” rating to a “hold” rating in a report on Thursday, March 22nd. Finally, Barclays reaffirmed a “hold” rating and set a $50.00 price target on shares of Big Lots in a report on Thursday, March 15th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Big Lots has a consensus rating of “Buy” and a consensus price target of $58.25.
In other news, CEO David J. Campisi sold 25,414 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $47.29, for a total value of $1,201,828.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David J. Campisi sold 20,657 shares of the business’s stock in a transaction on Wednesday, April 4th. The stock was 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 disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new stake in Big Lots in the fourth quarter worth $104,000. We Are One Seven LLC bought a new stake in Big Lots in the fourth quarter worth $110,000. Cerebellum GP LLC bought a new stake in Big Lots in the fourth quarter worth $128,000. Pitcairn Co. bought a new stake in Big Lots in the fourth quarter worth $200,000. Finally, Groesbeck Investment Management Corp NJ bought a new stake in Big Lots in the fourth quarter worth $202,000.
NYSE:BIG traded up $0.89 during trading hours on Thursday, hitting $43.68. 797,896 shares of the stock traded hands, compared to its average volume of 1,453,046. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.73 and a quick ratio of 0.25. Big Lots has a 1 year low of $41.04 and a 1 year high of $64.42. The company has a market capitalization of $1,766.22, a P/E ratio of 9.78, a P/E/G ratio of 0.64 and a beta of 1.13.
Big Lots declared that its board has approved a stock repurchase program on Friday, March 9th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Friday, March 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Thursday, March 22nd. This is an increase from Big Lots’s previous quarterly dividend of $0.25. Big Lots’s payout ratio is 26.97%.
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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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