Big Lots, Inc. (NYSE:BIG) – Stock analysts at Oppenheimer boosted their FY2019 EPS estimates for shares of Big Lots in a note issued to investors on Wednesday. Oppenheimer analyst B. Nagel now anticipates that the company will post earnings per share of $4.95 for the year, up from their prior estimate of $4.50. Oppenheimer currently has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Big Lots’ Q4 2019 earnings at $2.78 EPS and FY2020 earnings at $5.45 EPS.
Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, December 1st. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 EPS.
Shares of Big Lots (NYSE BIG) traded down $0.10 during trading hours on Friday, hitting $57.37. The stock had a trading volume of 1,368,834 shares, compared to its average volume of 899,647. The stock has a market cap of $2,415.62, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.66 and a quick ratio of 0.24. Big Lots has a fifty-two week low of $45.10 and a fifty-two week high of $60.20.
A number of hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in Big Lots by 4.2% in the 3rd quarter. Wells Fargo & Company MN now owns 2,462,092 shares of the company’s stock valued at $131,894,000 after buying an additional 98,203 shares in the last quarter. State Street Corp raised its holdings in Big Lots by 1.8% in the 2nd quarter. State Street Corp now owns 1,640,504 shares of the company’s stock valued at $79,233,000 after acquiring an additional 28,509 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Big Lots by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,458,840 shares of the company’s stock valued at $78,150,000 after acquiring an additional 4,634 shares during the last quarter. Voya Investment Management LLC raised its holdings in Big Lots by 8.5% in the 2nd quarter. Voya Investment Management LLC now owns 1,424,933 shares of the company’s stock valued at $68,824,000 after acquiring an additional 111,593 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its holdings in Big Lots by 37.0% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock valued at $60,100,000 after acquiring an additional 303,207 shares during the last quarter.
In related news, Director Jeffrey Paul Berger sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $58.00, for a total value of $348,000.00. Following the sale, the director now owns 7,566 shares of the company’s stock, valued at approximately $438,828. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Timothy A. Johnson sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $55.00, for a total value of $1,100,000.00. Following the completion of the sale, the insider now directly owns 65,649 shares in the company, valued at approximately $3,610,695. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, December 14th. Big Lots’s payout ratio is currently 25.58%.
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About Big Lots
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
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