KeyCorp Reaffirms Buy Rating for Big Lots, Inc. (BIG)
BIG has been the subject of several other reports. Zacks Investment Research raised Big Lots from a hold rating to a buy rating and set a $59.00 price objective for the company in a research note on Tuesday, October 10th. BidaskClub raised Big Lots from a hold rating to a buy rating in a research note on Wednesday, August 9th. Piper Jaffray Companies set a $52.00 price objective on Big Lots and gave the company a hold rating in a research note on Sunday, October 1st. Deutsche Bank AG upgraded Big Lots from a hold rating to a buy rating and boosted their target price for the stock from $55.00 to $56.00 in a research report on Tuesday, July 25th. Finally, Loop Capital set a $64.00 target price on Big Lots and gave the stock a buy rating in a research report on Wednesday, August 30th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Big Lots presently has an average rating of Buy and a consensus target price of $57.85.
Shares of Big Lots (BIG) opened at $53.69 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.27 and a current ratio of 1.62. The company has a market capitalization of $2,279.26, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 0.94 and a beta of 0.95. Big Lots has a one year low of $45.10 and a one year high of $56.54.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, August 25th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.05. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. equities research analysts predict that Big Lots will post 4.22 earnings per share for the current year.
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In related news, CEO David J. Campisi sold 96,940 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the sale, the chief executive officer now owns 99,203 shares in the company, valued at approximately $5,257,759. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the sale, the insider now owns 7,925 shares in the company, valued at approximately $404,175. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,542 shares of company stock worth $5,313,716. Insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in shares of Big Lots by 13.6% in the 2nd quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock worth $113,000 after acquiring an additional 280 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Big Lots by 78.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock valued at $144,000 after buying an additional 1,255 shares during the last quarter. Whittier Trust Co. acquired a new stake in Big Lots during the 3rd quarter valued at $178,000. First Quadrant L P CA acquired a new stake in Big Lots during the 3rd quarter valued at $182,000. Finally, LS Investment Advisors LLC grew its holdings in Big Lots by 19.4% during the 2nd quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock valued at $177,000 after buying an additional 596 shares during the last quarter.
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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