Big Lots, Inc. (NYSE:BIG) Receives $24.63 Average PT from Brokerages

Big Lots, Inc. (NYSE:BIGGet Rating) has been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $24.63.

Several research firms have issued reports on BIG. Piper Sandler dropped their price objective on Big Lots to $25.00 in a research note on Monday, May 30th. StockNews.com began coverage on Big Lots in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on Big Lots from $31.00 to $23.00 in a research note on Tuesday, May 31st. Barclays dropped their price objective on Big Lots from $27.00 to $22.00 and set an “underweight” rating on the stock in a research note on Friday, June 10th. Finally, Loop Capital dropped their price objective on Big Lots from $27.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, June 21st.

BIG opened at $20.42 on Tuesday. Big Lots has a 52-week low of $20.12 and a 52-week high of $65.60. The firm has a market capitalization of $590.49 million, a PE ratio of 9.32 and a beta of 2.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.19 and a current ratio of 1.52. The business’s 50-day simple moving average is $26.78 and its 200 day simple moving average is $34.78.

Big Lots (NYSE:BIGGet Rating) last released its earnings results on Friday, May 27th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($1.49). Big Lots had a return on equity of 7.25% and a net margin of 1.22%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company posted $2.62 EPS. The business’s revenue was down 15.4% on a year-over-year basis. On average, research analysts forecast that Big Lots will post -2.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend was Thursday, June 9th. Big Lots’s payout ratio is 54.79%.

In related news, EVP Nicholas E. Padovano sold 4,300 shares of the stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $34.30, for a total transaction of $147,490.00. Following the sale, the executive vice president now owns 25,979 shares of the company’s stock, valued at $891,079.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Barnett & Company Inc. acquired a new stake in Big Lots during the fourth quarter worth approximately $28,000. Dark Forest Capital Management LP acquired a new stake in shares of Big Lots in the 3rd quarter valued at $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Big Lots in the 1st quarter valued at $49,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Big Lots by 2,900.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,500 shares of the company’s stock valued at $52,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Econ Financial Services Corp acquired a new stake in shares of Big Lots in the 4th quarter valued at $89,000. 94.42% of the stock is currently owned by institutional investors and hedge funds.

Big Lots Company Profile (Get Rating)

Big Lots, Inc, through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, 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, specialty foods, and pet departments.

Featured Stories

Analyst Recommendations for Big Lots (NYSE:BIG)

Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.