Big Lots (NYSE:BIG) received a $69.00 price objective from equities researchers at Citigroup in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 18.99% from the company’s previous close.
Several other equities research analysts also recently weighed in on BIG. BidaskClub raised shares of Big Lots from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Raymond James Financial reaffirmed a “buy” rating and set a $67.00 target price on shares of Big Lots in a research note on Saturday, December 2nd. Telsey Advisory Group upped their target price on shares of Big Lots from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Monday. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Thursday, November 30th. Finally, Piper Jaffray Companies set a $52.00 price objective on shares of Big Lots and gave the company a “hold” rating in a research report on Sunday, October 1st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.64.
Shares of Big Lots (BIG) opened at $57.99 on Tuesday. Big Lots has a 52 week low of $45.10 and a 52 week high of $60.18. The firm has a market cap of $2,501.71, a P/E ratio of 14.23, a P/E/G ratio of 1.03 and a beta of 0.99. The company has a current ratio of 1.66, a quick ratio of 0.24 and a debt-to-equity ratio of 0.66.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, December 1st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. analysts predict that Big Lots will post 4.26 earnings per share for the current year.
In other news, insider Ronald A. Robins, Jr. sold 1,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the transaction, the insider now owns 7,925 shares in the company, valued at approximately $404,175. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David J. Campisi sold 96,940 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the completion of the transaction, the chief executive officer now owns 99,203 shares of the company’s stock, valued at approximately $5,257,759. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Institutional investors have recently modified their holdings of the company. IFP Advisors Inc boosted 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 valued at $113,000 after buying an additional 280 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Big Lots by 78.3% in 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 in the last quarter. Whittier Trust Co. acquired a new position in shares of Big Lots in the 3rd quarter valued at $178,000. First Quadrant L P CA acquired a new position in shares of Big Lots in the 3rd quarter valued at $182,000. Finally, LS Investment Advisors LLC boosted its holdings in shares of Big Lots by 19.4% in 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 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.
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