Shares of Big Lots, Inc. (NYSE:BIG) have been assigned an average rating of “Hold” from the twenty brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $51.71.
Several equities analysts have recently issued reports on BIG shares. Citigroup cut their price target on Big Lots to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, June 5th. ValuEngine raised Big Lots from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Zacks Investment Research raised Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 target price on the stock in a research note on Wednesday, August 1st. Morgan Stanley cut their target price on Big Lots from $62.00 to $47.00 and set an “overweight” rating on the stock in a research note on Monday, June 4th. Finally, Loop Capital lowered Big Lots from a “buy” rating to a “hold” rating and set a $40.00 target price on the stock. in a research note on Monday, June 4th.
Shares of BIG traded down $0.58 during trading hours on Friday, hitting $41.42. 1,153,426 shares of the stock traded hands, compared to its average volume of 1,463,427. The company has a quick ratio of 0.32, a current ratio of 1.69 and a debt-to-equity ratio of 0.70. Big Lots has a 1-year low of $36.20 and a 1-year high of $64.42. The firm has a market capitalization of $1.66 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 0.78 and a beta of 1.02.
Big Lots (NYSE:BIG) last issued its quarterly earnings results on Friday, August 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.08). Big Lots had a net margin of 3.14% and a return on equity of 27.83%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $0.67 EPS. The company’s revenue was up .2% compared to the same quarter last year. analysts anticipate that Big Lots will post 4.45 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, September 13th. Big Lots’s payout ratio is 26.97%.
In other Big Lots news, EVP Lisa M. Bachmann sold 7,517 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $48.85, for a total value of $367,205.45. Following the completion of the sale, the executive vice president now directly owns 61,630 shares in the company, valued at $3,010,625.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Allen Schlonsky sold 6,000 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $45.00, for a total value of $270,000.00. Following the completion of the sale, the executive vice president now owns 34,315 shares of the company’s stock, valued at $1,544,175. The disclosure for this sale can be found here. Insiders sold 48,250 shares of company stock worth $2,319,663 in the last three months. Insiders own 1.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Kessler Investment Group LLC bought a new position in shares of Big Lots during the second quarter worth about $129,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Big Lots during the first quarter worth about $135,000. Itau Unibanco Holding S.A. grew its holdings in shares of Big Lots by 87.4% during the second quarter. Itau Unibanco Holding S.A. now owns 3,569 shares of the company’s stock worth $149,000 after buying an additional 1,665 shares in the last quarter. Meadow Creek Investment Management LLC grew its holdings in shares of Big Lots by 58.9% during the second quarter. Meadow Creek Investment Management LLC now owns 4,880 shares of the company’s stock worth $204,000 after buying an additional 1,808 shares in the last quarter. Finally, Bridgewater Associates LP bought a new position in shares of Big Lots during the second quarter worth about $211,000.
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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