Big Lots, Inc. (NYSE:BIG) has been given a consensus recommendation of “Hold” by the fourteen analysts that are covering the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $53.91.
Several analysts have issued reports on the company. Zacks Investment Research lowered Big Lots from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. MKM Partners restated a “buy” rating and issued a $60.00 price objective on shares of Big Lots in a research note on Thursday, December 1st. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $60.00 price objective on shares of Big Lots in a research note on Monday, December 5th. Loop Capital assumed coverage on Big Lots in a research note on Tuesday, December 6th. They issued a “buy” rating and a $64.00 price objective on the stock. Finally, Telsey Advisory Group upped their price objective on Big Lots from $50.00 to $56.00 and gave the company a “market perform” rating in a research note on Monday, December 5th.
In other Big Lots news, Director Philip E. Mallott sold 10,000 shares of the company’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $53.00, for a total transaction of $530,000.00. Following the completion of the sale, the director now directly owns 25,202 shares in the company, valued at $1,335,706. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David J. Campisi sold 15,000 shares of the company’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $52.00, for a total value of $780,000.00. Following the sale, the chief executive officer now owns 100,569 shares of the company’s stock, valued at $5,229,588. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in BIG. A.R.T. Advisors LLC acquired a new stake in Big Lots during the fourth quarter valued at $1,250,000. Night Square Capital Partners LP acquired a new stake in Big Lots during the fourth quarter valued at $8,251,000. Tyers Asset Management LLC acquired a new stake in Big Lots during the fourth quarter valued at $118,000. Capstone Investment Advisors LLC boosted its stake in Big Lots by 54.5% in the fourth quarter. Capstone Investment Advisors LLC now owns 6,800 shares of the company’s stock valued at $341,000 after buying an additional 2,400 shares during the last quarter. Finally, Menta Capital LLC boosted its stake in Big Lots by 458.6% in the fourth quarter. Menta Capital LLC now owns 57,478 shares of the company’s stock valued at $2,886,000 after buying an additional 47,188 shares during the last quarter.
Big Lots (NYSE:BIG) traded up 1.07% during mid-day trading on Tuesday, reaching $52.09. The company’s stock had a trading volume of 601,110 shares. Big Lots has a 1-year low of $35.90 and a 1-year high of $56.54. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 15.54 and a beta of 0.89. The firm has a 50-day moving average of $50.23 and a 200 day moving average of $49.88.
Big Lots (NYSE:BIG) last released its earnings results on Friday, December 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. Big Lots had a return on equity of 27.08% and a net margin of 3.02%. The business had revenue of $1.11 billion for the quarter. During the same quarter in the previous year, the company posted ($0.01) EPS. The business’s revenue was down 1.0% on a year-over-year basis. Equities analysts expect that Big Lots will post $3.62 earnings per share for the current year.
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Big Lots Company Profile
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