Big Lots, Inc. (NYSE:BIG) – Northcoast Research upped their FY2018 earnings per share (EPS) estimates for Big Lots in a note issued to investors on Monday. Northcoast Research analyst N. Mitchell now expects that the company will post earnings of $4.24 per share for the year, up from their prior forecast of $4.22. Northcoast Research also issued estimates for Big Lots’ Q4 2018 earnings at $2.38 EPS, Q1 2019 earnings at $1.22 EPS, Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $2.44 EPS and FY2019 earnings at $4.42 EPS.

Other equities analysts also recently issued research reports about the stock. Loop Capital set a $64.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Deutsche Bank reiterated a “buy” rating and set a $57.00 target price (up previously from $56.00) on shares of Big Lots in a research note on Saturday, August 26th. Oppenheimer set a $60.00 price objective on shares of Big Lots and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, August 17th. Finally, KeyCorp restated a “buy” rating on shares of Big Lots in a research note on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $60.64.

Shares of Big Lots (NYSE BIG) traded down $0.12 during mid-day trading on Tuesday, hitting $58.81. 1,194,626 shares of the company were exchanged, compared to its average volume of 1,018,628. The company has a current ratio of 1.66, a quick ratio of 0.24 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2,500.00, a P/E ratio of 14.06, a P/E/G ratio of 1.02 and a beta of 0.99. Big Lots has a 12-month low of $45.10 and a 12-month high of $60.18.

Big Lots (NYSE:BIG) last issued its earnings results on Friday, December 1st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.70%. Big Lots’s dividend payout ratio (DPR) is 25.51%.

In related news, insider Ronald A. Robins, Jr. sold 1,000 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the transaction, the insider now directly owns 7,925 shares of the company’s stock, valued at $404,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David J. Campisi sold 96,940 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the transaction, the chief executive officer now directly owns 99,203 shares of the company’s stock, valued at $5,257,759. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of BIG. Balyasny Asset Management LLC raised its holdings in Big Lots by 43.3% during the second quarter. Balyasny Asset Management LLC now owns 1,080,139 shares of the company’s stock worth $52,171,000 after purchasing an additional 326,620 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in Big Lots by 37.0% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock valued at $60,100,000 after buying an additional 303,207 shares in the last quarter. Stifel Financial Corp increased its holdings in Big Lots by 631.7% in the second quarter. Stifel Financial Corp now owns 261,342 shares of the company’s stock valued at $12,651,000 after buying an additional 225,625 shares in the last quarter. APG Asset Management N.V. purchased a new position in Big Lots in the third quarter valued at about $11,523,000. Finally, Marshall Wace North America L.P. increased its holdings in Big Lots by 120.4% in the second quarter. Marshall Wace North America L.P. now owns 347,046 shares of the company’s stock valued at $16,658,000 after buying an additional 189,591 shares in the last quarter.

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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.

Earnings History and Estimates for Big Lots (NYSE:BIG)

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