Shares of Big Lots, Inc. (NYSE:BIG) have received a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $42.25.
BIG has been the topic of a number of analyst reports. Bank of America lifted their target price on shares of Big Lots from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, March 11th. Morgan Stanley lifted their price target on shares of Big Lots from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, March 11th. Deutsche Bank downgraded shares of Big Lots from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Zacks Investment Research upgraded shares of Big Lots from a “sell” rating to a “hold” rating in a report on Monday, February 18th. Finally, Goldman Sachs Group downgraded shares of Big Lots from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Thursday, January 10th.
In related news, insider Nicholas E. Padovano sold 4,734 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $38.19, for a total transaction of $180,791.46. Following the transaction, the insider now directly owns 10,776 shares in the company, valued at approximately $411,535.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen M. Haffer sold 1,646 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $35.57, for a total transaction of $58,548.22. Following the transaction, the insider now owns 7,432 shares in the company, valued at $264,356.24. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Shares of BIG traded up $1.07 during trading hours on Wednesday, reaching $39.31. 80,459 shares of the stock traded hands, compared to its average volume of 1,557,433. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.25 and a current ratio of 1.77. Big Lots has a 52-week low of $26.21 and a 52-week high of $50.35. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30.
Big Lots (NYSE:BIG) last released its earnings results on Friday, March 8th. The company reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.38. Big Lots had a net margin of 3.00% and a return on equity of 25.67%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the company earned $2.57 EPS. Big Lots’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities research analysts predict that Big Lots will post 3.67 earnings per share for the current year.
Big Lots announced that its board has authorized a share repurchase program on Friday, March 8th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 22nd were issued a $0.30 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. Big Lots’s dividend payout ratio (DPR) is presently 29.70%.
Big Lots Company Profile
Big Lots, Inc, through its subsidiaries, operates as a community 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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