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

Big Lots, Inc. (NYSE:BIGGet Rating) has received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $39.56.

Several analysts recently weighed in on the stock. Loop Capital cut their price objective on shares of Big Lots from $44.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, March 4th. The Goldman Sachs Group cut their price objective on shares of Big Lots from $40.00 to $36.00 and set a “sell” rating on the stock in a research report on Monday, March 7th. Barclays cut their price objective on shares of Big Lots from $45.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 12th. JPMorgan Chase & Co. downgraded shares of Big Lots from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $54.00 to $31.00 in a research report on Wednesday, February 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Big Lots from $48.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, January 12th.

In other news, EVP Nicholas E. Padovano sold 3,500 shares of Big Lots stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $34.82, for a total value of $121,870.00. Following the transaction, the executive vice president now directly owns 25,841 shares of the company’s stock, valued at $899,783.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Nicholas E. Padovano sold 900 shares of Big Lots stock in a transaction that occurred on Tuesday, March 22nd. The stock was sold at an average price of $38.39, for a total transaction of $34,551.00. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock worth $349,918 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BIG. Barnett & Company Inc. purchased a new position in shares of Big Lots in the fourth quarter worth approximately $28,000. Dark Forest Capital Management LP purchased a new position in shares of Big Lots in the third quarter worth approximately $30,000. Benjamin F. Edwards & Company Inc. grew its position in Big Lots by 2,900.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,500 shares of the company’s stock valued at $52,000 after purchasing an additional 1,450 shares in the last quarter. Gladius Capital Management LP grew its position in Big Lots by 19.5% during the first quarter. Gladius Capital Management LP now owns 2,362 shares of the company’s stock valued at $82,000 after purchasing an additional 386 shares in the last quarter. Finally, Econ Financial Services Corp purchased a new position in Big Lots during the fourth quarter valued at approximately $89,000. 94.42% of the stock is currently owned by institutional investors and hedge funds.

NYSE BIG opened at $30.99 on Monday. Big Lots has a one year low of $29.73 and a one year high of $73.23. The company has a 50-day simple moving average of $35.71 and a 200-day simple moving average of $40.68. The firm has a market capitalization of $885.01 million, a PE ratio of 5.96, a price-to-earnings-growth ratio of 0.54 and a beta of 2.12.

Big Lots (NYSE:BIGGet Rating) last issued its quarterly earnings data on Thursday, March 3rd. The company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.14). The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. Big Lots had a net margin of 2.89% and a return on equity of 16.21%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.59 earnings per share. Equities research analysts expect that Big Lots will post 4.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 18th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 17th. This represents a $1.20 annualized dividend and a dividend yield of 3.87%. Big Lots’s dividend payout ratio is currently 23.08%.

Big Lots Company Profile (Get Rating)

Big Lots, Inc, through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, 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, specialty foods, and pet departments.

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Analyst Recommendations for Big Lots (NYSE:BIG)

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