Big Lots, Inc. Declares Quarterly Dividend of $0.17 (BIG)
Big Lots (NYSE:BIG) announced a quarterly dividend on Wednesday, June 25th, AnalystRatingsNetwork.com reports. Shareholders of record on Friday, July 11th will be paid a dividend of 0.17 per share on Tuesday, July 29th. This represents a $0.68 annualized dividend and a dividend yield of 1.52%.
A number of analysts have recently weighed in on BIG shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Big Lots in a research note on Monday. They now have a $49.00 price target on the stock, up previously from $43.00. On the ratings front, analysts at KeyCorp reiterated a “buy” rating on shares of Big Lots in a research note on Tuesday, June 17th. They now have a $53.00 price target on the stock, up previously from $50.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Big Lots in a research note on Friday, June 13th. They now have a $47.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Big Lots currently has a consensus rating of “Buy” and a consensus target price of $47.00.
Big Lots (NYSE:BIG) traded up 0.56% during mid-day trading on Wednesday, hitting $44.85. The stock had a trading volume of 810,825 shares. Big Lots has a one year low of $25.50 and a one year high of $46.06. The stock has a 50-day moving average of $41.40 and a 200-day moving average of $35.00. The company has a market cap of $2.488 billion and a P/E ratio of 26.79.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, May 30th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Analysts expect that Big Lots will post $2.49 EPS for the current fiscal year.
Big Lots, Inc, through its wholly owned subsidiaries, is a North America’s closeout retailer. At January 28, 2012, the Company operated a total of 1,533 stores in two countries: the United States and Canada.
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