Big Lots (NYSE:BIG) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday.
Other analysts also recently issued research reports about the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $55.00 target price (down previously from $65.00) on shares of Big Lots in a report on Monday, March 12th. KeyCorp reaffirmed a “buy” rating and set a $63.00 target price on shares of Big Lots in a report on Friday, December 1st. Citigroup reaffirmed a “hold” rating and set a $56.00 target price on shares of Big Lots in a report on Tuesday, March 13th. Barclays reaffirmed a “hold” rating and set a $50.00 target price on shares of Big Lots in a report on Thursday, March 15th. Finally, Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Thursday, November 30th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Big Lots currently has an average rating of “Hold” and a consensus target price of $58.83.
Big Lots stock opened at $45.74 on Thursday. Big Lots has a 12-month low of $45.10 and a 12-month high of $64.42. The company has a market cap of $1,952.42, a PE ratio of 10.44, a PEG ratio of 0.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.73 and a quick ratio of 0.25.
Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, March 9th. The company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.14. Big Lots had a net margin of 3.60% and a return on equity of 31.12%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm posted $2.26 EPS. The company’s quarterly revenue was up 4.0% on a year-over-year basis. sell-side analysts expect that Big Lots will post 4.88 earnings per share for the current year.
Big Lots announced that its Board of Directors has authorized a stock repurchase program on Friday, March 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.
In other Big Lots news, CEO David J. Campisi sold 25,414 shares of Big Lots stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $47.29, for a total value of $1,201,828.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey Paul Berger sold 6,000 shares of Big Lots stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $58.00, for a total transaction of $348,000.00. Following the completion of the sale, the director now owns 7,566 shares of the company’s stock, valued at approximately $438,828. The disclosure for this sale can be found here. Insiders sold a total of 51,414 shares of company stock valued at $2,649,828 in the last quarter. Corporate insiders own 1.70% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. ING Groep NV raised its stake in Big Lots by 18.3% in the 4th quarter. ING Groep NV now owns 6,406 shares of the company’s stock worth $360,000 after purchasing an additional 991 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Big Lots by 78.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock worth $144,000 after purchasing an additional 1,255 shares in the last quarter. Sit Investment Associates Inc. raised its stake in Big Lots by 8.8% in the 4th quarter. Sit Investment Associates Inc. now owns 16,295 shares of the company’s stock worth $915,000 after purchasing an additional 1,320 shares in the last quarter. Advisor Group Inc. raised its stake in Big Lots by 29.9% in the 3rd quarter. Advisor Group Inc. now owns 6,300 shares of the company’s stock worth $337,000 after purchasing an additional 1,449 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Big Lots by 9.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 18,819 shares of the company’s stock worth $1,057,000 after purchasing an additional 1,612 shares in the last quarter.
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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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