Big Lots, Inc. (NYSE:BIG) Receives Average Recommendation of “Hold” from Analysts


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Big Lots, Inc. (NYSE:BIG) has received a consensus recommendation of “Hold” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $60.44.

A number of research analysts recently commented on BIG shares. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, April 27th. Telsey Advisory Group decreased their price target on shares of Big Lots from $73.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, January 14th. Loop Capital lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Thursday, January 28th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Big Lots from $46.00 to $61.00 and gave the stock a “hold” rating in a research note on Tuesday, March 9th. Finally, Barclays restated a “sell” rating on shares of Big Lots in a research note on Sunday, March 7th.

Shares of NYSE:BIG traded down $1.94 during midday trading on Thursday, hitting $68.72. 16,136 shares of the stock were exchanged, compared to its average volume of 1,122,107. The stock has a market cap of $2.41 billion, a P/E ratio of 4.50, a PEG ratio of 0.64 and a beta of 2.39. The company has a current ratio of 1.49, a quick ratio of 0.55 and a debt-to-equity ratio of 0.03. Big Lots has a twelve month low of $23.37 and a twelve month high of $72.27. The company has a 50 day moving average price of $68.10 and a 200-day moving average price of $56.44.

Big Lots (NYSE:BIG) last released its quarterly earnings data on Thursday, March 4th. The company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.09. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.74 billion. Big Lots had a return on equity of 26.25% and a net margin of 10.30%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.39 EPS. On average, equities research analysts expect that Big Lots will post 7.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 2nd. Stockholders of record on Friday, March 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Thursday, March 18th. Big Lots’s dividend payout ratio (DPR) is presently 32.70%.

In other news, EVP Nicholas E. Padovano sold 5,820 shares of the stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $67.15, for a total transaction of $390,813.00. Also, Director James R. Chambers sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 8th. The shares were sold at an average price of $65.22, for a total transaction of $652,200.00. Following the sale, the director now owns 25,345 shares in the company, valued at approximately $1,653,000.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,258 shares of company stock valued at $1,675,690. Insiders own 0.88% of the company’s stock.

A number of institutional investors have recently modified their holdings of BIG. Schonfeld Strategic Advisors LLC raised its position in Big Lots by 26.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 173,200 shares of the company’s stock worth $7,725,000 after acquiring an additional 36,404 shares during the period. Eudaimonia Partners LLC bought a new position in Big Lots in the third quarter worth approximately $499,000. Sei Investments Co. raised its position in Big Lots by 94.9% in the third quarter. Sei Investments Co. now owns 129,140 shares of the company’s stock worth $5,631,000 after acquiring an additional 62,869 shares during the period. Matarin Capital Management LLC bought a new stake in shares of Big Lots during the 3rd quarter valued at $5,557,000. Finally, Strs Ohio raised its position in shares of Big Lots by 3.1% during the 3rd quarter. Strs Ohio now owns 20,000 shares of the company’s stock valued at $892,000 after purchasing an additional 600 shares during the period. Institutional investors own 96.95% of the company’s stock.

About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a 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 patio furniture, gazebos, Christmas trim, 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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Analyst Recommendations for Big Lots (NYSE:BIG)

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