BIG has been the topic of several other reports. Zacks Investment Research raised shares of Big Lots from a hold rating to a buy rating and set a $57.00 price objective on the stock in a report on Monday, August 29th. Oppenheimer Holdings Inc. began coverage on shares of Big Lots in a report on Friday, June 3rd. They set an outperform rating and a $52.35 price objective on the stock. MKM Partners reaffirmed a buy rating and set a $60.00 price objective on shares of Big Lots in a report on Thursday, August 25th. Northcoast Research downgraded shares of Big Lots from a buy rating to a neutral rating in a report on Tuesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a hold rating and set a $49.00 price objective on shares of Big Lots in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Big Lots has a consensus rating of Hold and an average price target of $49.03.
Shares of Big Lots (NYSE:BIG) opened at 46.78 on Friday. Big Lots has a 1-year low of $33.78 and a 1-year high of $56.30. The stock has a 50 day moving average of $50.48 and a 200-day moving average of $48.89. The firm has a market capitalization of $2.08 billion, a P/E ratio of 14.56 and a beta of 0.66.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, August 26th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.06. The business had revenue of $1.20 billion for the quarter. Big Lots had a net margin of 2.96% and a return on equity of 25.68%. Big Lots’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. On average, equities analysts expect that Big Lots will post $3.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Wednesday, September 7th. Big Lots’s dividend payout ratio (DPR) is 26.50%.
In related news, Director Russell Solt sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $52.10, for a total value of $156,300.00. Following the transaction, the director now directly owns 12,377 shares in the company, valued at $644,841.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Andrew D. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $53.00, for a total transaction of $530,000.00. Following the completion of the transaction, the senior vice president now owns 26,990 shares in the company, valued at $1,430,470. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC boosted its position 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. bought a new position in Big Lots during the second quarter valued at $211,000. Advance Capital I Inc. bought a new position in Big Lots during the second quarter valued at $215,000. KBC Group NV bought a new position in Big Lots during the second quarter valued at $252,000. Finally, Amalgamated Bank boosted its position in Big Lots by 1.4% in the second quarter. Amalgamated Bank now owns 5,529 shares of the company’s stock valued at $303,000 after buying an additional 79 shares during the period.
Big Lots Company Profile
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