Shares of Big Lots, Inc. (NYSE:BIG) have been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $30.64.
Several research analysts have recently issued reports on the company. ValuEngine raised Big Lots from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Bank of America set a $23.00 target price on Big Lots and gave the stock a “sell” rating in a research report on Wednesday, June 26th. Barclays decreased their target price on Big Lots from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 3rd. Telsey Advisory Group set a $26.00 price objective on Big Lots and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Finally, Loop Capital raised their price objective on Big Lots to $25.00 and gave the company a “hold” rating in a research report on Tuesday, September 3rd.
In related news, SVP Ronald A. Robins, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.42, for a total transaction of $117,100.00. Following the completion of the transaction, the senior vice president now owns 30,532 shares of the company’s stock, valued at approximately $715,059.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.
Shares of NYSE:BIG traded up $0.35 during trading on Wednesday, hitting $20.79. The stock had a trading volume of 604,989 shares, compared to its average volume of 1,388,894. Big Lots has a 12 month low of $19.83 and a 12 month high of $45.13. The company has a market capitalization of $840.01 million, a PE ratio of 5.15, a PEG ratio of 1.40 and a beta of 1.40. The firm’s fifty day moving average is $22.48 and its 200 day moving average is $28.68. The company has a quick ratio of 0.17, a current ratio of 1.09 and a debt-to-equity ratio of 2.31.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, August 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.13. Big Lots had a return on equity of 24.68% and a net margin of 2.33%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that Big Lots will post 3.8 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Thursday, September 12th. Big Lots’s dividend payout ratio (DPR) is presently 29.70%.
About Big Lots
Big Lots, Inc, through its subsidiaries, operates as a 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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