Big Lots, Inc. (BIG) Receives Consensus Rating of “Hold” from Brokerages

Big Lots, Inc. (NYSE:BIG) has been given a consensus rating of “Hold” by the twenty analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $51.50.

Several analysts have commented on BIG shares. Telsey Advisory Group reissued a “market perform” rating and set a $55.00 price target (down from $65.00) on shares of Big Lots in a research report on Monday, March 12th. MKM Partners set a $58.00 price target on shares of Big Lots and gave the company a “buy” rating in a research report on Monday, March 12th. Morgan Stanley set a $64.00 price target on shares of Big Lots and gave the company a “buy” rating in a research report on Monday, March 12th. Loop Capital decreased their price target on shares of Big Lots from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, March 12th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $58.00 price objective (down from $63.00) on shares of Big Lots in a research report on Monday, March 12th.

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A number of large investors have recently modified their holdings of BIG. Arizona State Retirement System increased its holdings in Big Lots by 22.0% in the 4th quarter. Arizona State Retirement System now owns 30,548 shares of the company’s stock worth $1,715,000 after buying an additional 5,514 shares during the period. Alliancebernstein L.P. increased its holdings in Big Lots by 2.3% in the 4th quarter. Alliancebernstein L.P. now owns 133,493 shares of the company’s stock worth $7,496,000 after buying an additional 2,960 shares during the period. AXA increased its holdings in Big Lots by 39.1% in the 4th quarter. AXA now owns 188,400 shares of the company’s stock worth $10,579,000 after buying an additional 53,000 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Big Lots in the 4th quarter worth approximately $239,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Big Lots in the 4th quarter worth approximately $959,000.

Shares of BIG stock traded up $0.61 during mid-day trading on Monday, hitting $41.28. 35,842 shares of the stock traded hands, compared to its average volume of 1,347,004. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.66 and a beta of 1.11. Big Lots has a 52-week low of $36.20 and a 52-week high of $64.42. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.65.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, June 1st. The company reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.24). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Big Lots had a net margin of 3.23% and a return on equity of 28.85%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.15 earnings per share. equities analysts predict that Big Lots will post 4.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, June 14th. This represents a $1.20 annualized dividend and a yield of 2.91%. Big Lots’s dividend payout ratio (DPR) is presently 26.97%.

About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a community 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 Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home d茅cor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.