Big Lots Inc. (NYSE:BIG) had its price objective lowered by KeyCorp from $60.00 to $58.00 in a research note published on Thursday, StockTargetPrices.com reports. KeyCorp currently has an overweight rating on the stock.
Several other research firms have also recently weighed in on BIG. MKM Partners restated a buy rating and issued a $60.00 price objective on shares of Big Lots in a research report on Thursday, August 25th. Northcoast Research cut shares of Big Lots from a buy rating to a neutral rating in a research report on Tuesday, August 2nd. Deutsche Bank AG reiterated a hold rating and set a $49.00 target price on shares of Big Lots in a research report on Tuesday, August 2nd. Zacks Investment Research cut shares of Big Lots from a buy rating to a hold rating in a research report on Monday, August 1st. Finally, Citigroup Inc. dropped their target price on shares of Big Lots from $62.00 to $59.00 and set a buy rating for the company in a research report on Thursday, September 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Big Lots presently has an average rating of Hold and a consensus target price of $49.72.
Shares of Big Lots (NYSE:BIG) traded down 0.13% during mid-day trading on Thursday, hitting $46.82. The company had a trading volume of 128,624 shares. The company has a market capitalization of $2.08 billion, a P/E ratio of 14.57 and a beta of 0.77. The firm’s 50-day moving average price is $49.18 and its 200 day moving average price is $48.98. Big Lots has a one year low of $33.78 and a one year high of $56.30.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, August 26th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.06. Big Lots had a net margin of 2.96% and a return on equity of 25.68%. The firm earned $1.20 billion during the quarter. During the same quarter last year, the firm earned $0.40 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Analysts predict that Big Lots will post $3.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Wednesday, September 7th. Big Lots’s dividend payout ratio (DPR) is currently 26.50%.
In other news, insider Timothy A. Johnson sold 12,262 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $50.88, for a total value of $623,890.56. Following the sale, the insider now owns 96,615 shares of the company’s stock, valued at $4,915,771.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $53.00, for a total transaction of $530,000.00. Following the completion of the sale, the senior vice president now directly owns 26,990 shares in the company, valued at approximately $1,430,470. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC raised its stake in Big Lots by 48.8% in the second quarter. LS Investment Advisors LLC now owns 2,716 shares of the company’s stock valued at $136,000 after buying an additional 891 shares during the period. American Financial Group Inc. acquired a new stake in Big Lots during the second quarter valued at about $211,000. Advance Capital I Inc. acquired a new stake in Big Lots during the second quarter valued at about $215,000. KBC Group NV acquired a new stake in Big Lots during the second quarter valued at about $252,000. Finally, Parkwood LLC acquired a new stake in Big Lots during the second quarter valued at about $291,000.
About Big Lots
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