Big Lots (BIG) Getting Somewhat Favorable News Coverage, Report Finds
News headlines about Big Lots (NYSE:BIG) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Big Lots earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.6689961010274 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- Big Lots, Inc. (BIG) Director Sells $348,000.00 in Stock (americanbankingnews.com)
- Big Lots, Inc. (BIG) Insider Timothy A. Johnson Sells 20,000 Shares (americanbankingnews.com)
- Anna Kooiman: Here’s how I am embracing my changing pregnant body… even my ‘cankles!’ (foxnews.com)
- Bollinger Band Analysis Review of Big Lots Inc. (NYSE:BIG) – The Oracle Examiner (oracleexaminer.com)
- Big Lots distribution center construction progresses in Apple Valley (vvdailypress.com)
A number of analysts recently weighed in on BIG shares. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Friday, September 15th. ValuEngine upgraded Big Lots from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Oppenheimer restated a “buy” rating on shares of Big Lots in a research report on Wednesday, September 20th. Morgan Stanley started coverage on Big Lots in a research report on Monday, September 25th. They issued an “overweight” rating and a $58.00 target price for the company. Finally, Piper Jaffray Companies set a $52.00 target price on Big Lots and gave the stock a “hold” rating in a research report on Sunday, October 1st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.64.
Big Lots (BIG) opened at $57.86 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.66 and a quick ratio of 0.24. The company has a market capitalization of $2,430.00, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. Big Lots has a 12 month low of $45.10 and a 12 month high of $60.20.
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 Zacks’ consensus estimate of $0.04 by $0.02. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS. equities analysts predict that Big Lots will post 4.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.73%. Big Lots’s dividend payout ratio (DPR) is currently 25.51%.
In other Big Lots news, insider Timothy A. Johnson sold 20,000 shares of Big Lots stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $55.00, for a total value of $1,100,000.00. Following the transaction, the insider now directly owns 65,649 shares of the company’s stock, valued at approximately $3,610,695. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Paul Berger sold 6,000 shares of Big Lots 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 completion of the transaction, the director now directly owns 7,566 shares in the company, valued at $438,828. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
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Big Lots Company Profile
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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