Big Lots (NYSE:BIG) updated its FY20 earnings guidance on Friday. The company provided EPS guidance of $3.55-3.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.64. Big Lots also updated its FY 2019 guidance to $3.55-3.75 EPS.
A number of brokerages recently issued reports on BIG. Piper Jaffray Companies upgraded Big Lots from a neutral rating to an overweight rating and boosted their price objective for the company from $43.00 to $53.00 in a research note on Monday, November 19th. Zacks Investment Research upgraded Big Lots from a sell rating to a hold rating in a research note on Monday, February 18th. Loop Capital cut their price objective on Big Lots from $43.00 to $32.00 and set a hold rating for the company in a research note on Friday, December 7th. Deutsche Bank downgraded Big Lots from a buy rating to a hold rating in a research note on Thursday, February 28th. Finally, Morgan Stanley cut their price objective on Big Lots from $47.00 to $43.00 and set an overweight rating for the company in a research note on Monday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $44.25.
BIG stock opened at $36.18 on Friday. Big Lots has a 1-year low of $26.21 and a 1-year high of $50.35. The company has a quick ratio of 0.27, a current ratio of 1.71 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31.
Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, March 8th. The company reported $2.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.38. Big Lots had a return on equity of 26.11% and a net margin of 2.91%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the company posted $2.57 EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, sell-side analysts expect that Big Lots will post 3.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 22nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.32%. Big Lots’s payout ratio is 26.97%.
In other Big Lots news, CEO Bruce K. Thorn purchased 8,500 shares of the company’s stock in a transaction on Friday, December 14th. The stock was acquired at an average cost of $29.46 per share, for a total transaction of $250,410.00. Following the purchase, the chief executive officer now directly owns 8,500 shares of the company’s stock, valued at approximately $250,410. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.30% of the company’s stock.
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About Big Lots
Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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