Big Lots, Inc. (NYSE:BIG – Get Rating) has received an average rating of “Reduce” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $16.11.
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Several analysts have issued reports on BIG shares. TheStreet cut shares of Big Lots from a “c-” rating to a “d+” rating in a research note on Monday, December 19th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Big Lots from $10.00 to $9.00 in a research note on Thursday, January 5th. Piper Sandler lowered their price objective on shares of Big Lots from $25.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, December 2nd. Credit Suisse Group lowered their price objective on shares of Big Lots from $15.00 to $13.00 and set an “underperform” rating on the stock in a research report on Monday, March 6th. Finally, StockNews.com started coverage on shares of Big Lots in a research report on Thursday, March 16th. They set a “sell” rating on the stock.
Institutional Investors Weigh In On Big Lots
A number of large investors have recently added to or reduced their stakes in BIG. PNC Financial Services Group Inc. boosted its stake in shares of Big Lots by 69.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,819 shares of the company’s stock valued at $27,000 after purchasing an additional 747 shares in the last quarter. US Bancorp DE increased its position in shares of Big Lots by 32.5% during the first quarter. US Bancorp DE now owns 2,053 shares of the company’s stock valued at $71,000 after buying an additional 503 shares during the period. Belpointe Asset Management LLC purchased a new position in shares of Big Lots during the fourth quarter valued at about $41,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Big Lots by 42.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,231 shares of the company’s stock valued at $62,000 after buying an additional 1,259 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of Big Lots by 22.8% during the first quarter. Captrust Financial Advisors now owns 5,171 shares of the company’s stock valued at $180,000 after buying an additional 960 shares during the period.
Big Lots Stock Performance
Shares of BIG stock opened at $10.31 on Thursday. Big Lots has a 12 month low of $9.78 and a 12 month high of $40.45. The company has a current ratio of 1.40, a quick ratio of 0.15 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $298.58 million, a P/E ratio of -1.41 and a beta of 2.01. The firm’s 50 day moving average is $14.99 and its 200 day moving average is $16.63.
Big Lots (NYSE:BIG – Get Rating) last posted its earnings results on Thursday, March 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.41. Big Lots had a negative net margin of 3.85% and a negative return on equity of 20.12%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the company posted $1.75 EPS. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Big Lots will post -4.39 earnings per share for the current year.
Big Lots Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 11.64%. The ex-dividend date of this dividend is Thursday, March 16th. Big Lots’s dividend payout ratio is currently -16.46%.
About Big Lots
Big Lots, Inc engages in the operation of retail stores. It operates through the Discount Retailing segment which includes merchandising categories such as furniture, seasonal, soft home, food, consumables, hard home, and electronics, toys, and accessories. The company was founded by Sol A. Shenk in 1967 and is headquartered in Columbus, OH.
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