Big Lots (NYSE: BIG) has recently received a number of price target changes and ratings updates:

  • 9/8/2017 – Big Lots was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Big Lots’ second-quarter fiscal 2017 marked the seventh straight quarter of positive earnings surprise. Top line also beat the Zacks Consensus Estimate after missing the same in the trailing four quarters on account of robust performance of furniture and soft home. Following the results, management raised fiscal 2017 earnings view but remained somewhat cautious about its sales and comparable store sales performance due to softness in hard home and electronics. Management’s conservative sales guidance hurt investor sentiment, as a result the stock has underperformed the industry in a month. Big Lots now projects full year sales growth in the range of 2-2.5% versus 2-3% earlier. Meanwhile, its furniture financing programs have been consistently gaining traction. However, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance. Of late, estimates have been falling.”
  • 9/6/2017 – Big Lots was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Though, Big Lots’ shares have underperformed the industry in a month, the trend might reverse in the near term owing to better-than-expected second-quarter fiscal 2017 results and encouraging earnings outlook. Moreover, the top line also surpassed the Zacks Consensus Estimate after missing the same in the trailing four quarters on account of robust performance of furniture and soft home. Following the results, management raised fiscal 2017 earnings guidance but remained somewhat cautious about its sales and comparable store sales performance. Sales growth for the full year is predicted to be in the range of 2-2.5%, compared with earlier guided range of 2-3%. Meanwhile, its furniture financing programs have been consistently gaining traction. However, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 9/1/2017 – Big Lots had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $52.00 price target on the stock.
  • 9/1/2017 – Big Lots had its “buy” rating reaffirmed by analysts at KeyCorp.
  • 8/30/2017 – Big Lots was given a new $64.00 price target on by analysts at Loop Capital. They now have a “buy” rating on the stock.
  • 8/30/2017 – Big Lots was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Big Lots’ second-quarter fiscal 2017 marked the seventh straight quarter of positive earnings surprise. Moreover, the top line also surpassed the Zacks Consensus Estimate after missing the same in the trailing four quarters on account of robust performance of furniture and soft home. Following the results, management raised fiscal 2017 earnings guidance but remained somewhat cautious about its sales and comparable store sales performance. Management’s conservative sales guidance has hurt investor sentiment as a result of which the stock has underperformed the industry in the past month. Sales growth for the full year is predicted to be in the range of 2-2.5%, compared with earlier guided range of 2-3%. Meanwhile, its furniture financing programs have been consistently gaining traction. However, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 8/26/2017 – Big Lots had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $57.00 price target on the stock, up previously from $56.00.
  • 8/25/2017 – Big Lots was given a new $60.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 8/17/2017 – Big Lots was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “Shares of Big Lots have outperformed the industry in the past three months. The company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock is likely to carry the momentum going forward. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 8/16/2017 – Big Lots was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Big Lots have outperformed the industry in the past three months. The company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock is likely to carry the momentum going forward. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 8/9/2017 – Big Lots was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/3/2017 – Big Lots was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/28/2017 – Big Lots was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Big Lots was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Shares of Big Lots have outperformed the industry in the past six months. The company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock is likely to carry the momentum going forward. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 7/27/2017 – Big Lots was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Big Lots have outperformed the industry in the past six months. The company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock might do well in the near term. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 7/25/2017 – Big Lots was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock, up previously from $55.00.

Shares of Big Lots, Inc. (BIG) opened at 48.89 on Thursday. Big Lots, Inc. has a 12-month low of $42.40 and a 12-month high of $56.54. The company has a market cap of $2.08 billion, a PE ratio of 12.67 and a beta of 0.92. The company has a 50 day moving average of $49.48 and a 200-day moving average of $49.05.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Equities research analysts anticipate that Big Lots, Inc. will post $4.24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. Big Lots’s dividend payout ratio (DPR) is 26.04%.

In related news, insider Lisa M. Bachmann sold 40,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $51.00, for a total transaction of $2,040,000.00. Following the transaction, the insider now owns 48,089 shares in the company, valued at $2,452,539. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David J. Campisi sold 28,875 shares of the stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the transaction, the chief executive officer now owns 225,018 shares in the company, valued at approximately $11,259,900.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,577 shares of company stock worth $3,717,951. 1.70% of the stock is owned by insiders.

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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