Shares of Big Lots (NYSE:BIG) have been given an average rating of “Buy” by the seventeen ratings firms that are presently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $57.00.
Several equities analysts have recently issued reports on the company. TheStreet cut Big Lots from a “b-” rating to a “c+” rating in a report on Friday, April 13th. Raymond James reissued an “outperform” rating and issued a $60.00 price objective on shares of Big Lots in a report on Monday, April 16th. UBS cut Big Lots from a “strong-buy” rating to an “outperform” rating in a report on Monday, April 16th. ValuEngine cut Big Lots from a “buy” rating to a “hold” rating in a report on Thursday, March 22nd. Finally, Barclays reissued a “hold” rating and issued a $50.00 price objective on shares of Big Lots in a report on Thursday, March 15th.
In related news, CEO David J. Campisi sold 25,414 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $47.29, for a total value of $1,201,828.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David J. Campisi sold 20,657 shares of the company’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $43.73, for a total value of $903,330.61. Following the completion of the transaction, the chief executive officer now directly owns 170,560 shares of the company’s stock, valued at approximately $7,458,588.80. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Advisory Research Inc. acquired a new position in shares of Big Lots during the fourth quarter valued at approximately $919,000. Keybank National Association OH acquired a new position in shares of Big Lots during the fourth quarter valued at approximately $823,000. Hudson Bay Capital Management LP acquired a new position in shares of Big Lots during the fourth quarter valued at approximately $3,745,000. Vident Investment Advisory LLC raised its holdings in shares of Big Lots by 10.1% during the fourth quarter. Vident Investment Advisory LLC now owns 60,827 shares of the company’s stock valued at $3,415,000 after acquiring an additional 5,600 shares during the last quarter. Finally, We Are One Seven LLC acquired a new position in shares of Big Lots during the fourth quarter valued at approximately $110,000.
Shares of BIG stock traded up $0.15 on Wednesday, hitting $42.42. The company had a trading volume of 208,671 shares, compared to its average volume of 1,453,581. The stock has a market cap of $1,762.85, a PE ratio of 9.53, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The company has a quick ratio of 0.25, a current ratio of 1.73 and a debt-to-equity ratio of 0.30. Big Lots has a twelve month low of $41.04 and a twelve month high of $64.42.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, March 9th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.14. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Big Lots had a return on equity of 31.12% and a net margin of 3.60%. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.26 EPS. sell-side analysts anticipate that Big Lots will post 4.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Friday, March 23rd were issued a $0.30 dividend. This is a boost from Big Lots’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 2.83%. Big Lots’s dividend payout ratio is presently 26.97%.
Big Lots declared that its board has authorized a share repurchase program on Friday, March 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
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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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