Shares of Big Lots, Inc. (NYSE:BIG) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $30.64.
A number of analysts have recently issued reports on BIG shares. Deutsche Bank increased their price target on shares of Big Lots from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. ValuEngine raised shares of Big Lots from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 price target on shares of Big Lots in a research report on Friday, December 6th. Finally, Citigroup reduced their price target on shares of Big Lots from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th.
BIG stock traded down $0.48 during mid-day trading on Friday, reaching $28.30. 1,054,300 shares of the stock traded hands, compared to its average volume of 1,296,425. The company has a current ratio of 1.29, a quick ratio of 0.15 and a debt-to-equity ratio of 2.06. Big Lots has a 52-week low of $18.54 and a 52-week high of $39.53. The company has a market cap of $1.18 billion, a P/E ratio of 7.00, a P/E/G ratio of 1.09 and a beta of 1.39. The stock’s fifty day moving average is $27.10 and its 200-day moving average is $23.94.
The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Friday, December 13th. Big Lots’s dividend payout ratio (DPR) is 29.70%.
In other Big Lots news, Director Marla C. Gottschalk acquired 1,850 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $27.06 per share, with a total value of $50,061.00. Following the completion of the transaction, the director now owns 17,704 shares in the company, valued at $479,070.24. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ronald A. Robins, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $29.14, for a total transaction of $58,280.00. Following the transaction, the executive vice president now directly owns 28,532 shares in the company, valued at approximately $831,422.48. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. First National Bank of Omaha raised its position in Big Lots by 9.6% during the fourth quarter. First National Bank of Omaha now owns 54,847 shares of the company’s stock valued at $1,575,000 after acquiring an additional 4,822 shares in the last quarter. 6 Meridian raised its position in Big Lots by 15.3% during the fourth quarter. 6 Meridian now owns 12,082 shares of the company’s stock valued at $347,000 after acquiring an additional 1,600 shares in the last quarter. Millennium Management LLC raised its position in Big Lots by 2,236.0% during the third quarter. Millennium Management LLC now owns 415,995 shares of the company’s stock valued at $10,191,000 after acquiring an additional 398,187 shares in the last quarter. Man Group plc raised its position in Big Lots by 59.8% during the third quarter. Man Group plc now owns 205,720 shares of the company’s stock valued at $5,040,000 after acquiring an additional 77,023 shares in the last quarter. Finally, State Street Corp raised its position in Big Lots by 2.0% during the third quarter. State Street Corp now owns 1,423,881 shares of the company’s stock valued at $34,885,000 after acquiring an additional 28,413 shares in the last quarter. 95.95% of the stock is currently owned by hedge funds and other institutional investors.
Big Lots Company Profile
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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