Shares of Big Lots, Inc. (NYSE:BIG) have been assigned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $59.38.

Several brokerages recently issued reports on BIG. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Thursday, September 21st. Oppenheimer reissued a “buy” rating on shares of Big Lots in a report on Wednesday, September 20th. KeyCorp reissued a “buy” rating and set a $63.00 price target on shares of Big Lots in a report on Friday, December 1st. Citigroup downgraded shares of Big Lots from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. They noted that the move was a valuation call. Finally, Telsey Advisory Group boosted their target price on shares of Big Lots from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Monday, December 4th.

Shares of Big Lots (NYSE:BIG) traded down $0.10 during mid-day trading on Monday, reaching $57.37. 1,368,800 shares of the company traded hands, compared to its average volume of 1,161,111. Big Lots has a 12-month low of $45.10 and a 12-month high of $60.20. The company has a market cap of $2,411.42, a P/E ratio of 14.67, a P/E/G ratio of 1.00 and a beta of 0.99. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66.

Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.04 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. equities research analysts predict that Big Lots will post 4.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, December 14th. Big Lots’s dividend payout ratio is presently 25.58%.

In other Big Lots news, insider Timothy A. Johnson sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $55.00, for a total value of $1,100,000.00. Following the completion of the transaction, the insider now directly owns 65,649 shares of the company’s stock, valued at $3,610,695. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey Paul Berger sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $58.00, for a total transaction of $348,000.00. Following the sale, the director now directly owns 7,566 shares of the company’s stock, valued at $438,828. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its stake in shares of Big Lots by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock worth $144,000 after buying an additional 1,255 shares during the last quarter. Whittier Trust Co. bought a new stake in shares of Big Lots during the third quarter worth approximately $178,000. First Quadrant L P CA bought a new stake in shares of Big Lots during the third quarter worth approximately $182,000. Oppenheimer & Co. Inc. bought a new stake in shares of Big Lots during the third quarter worth approximately $200,000. Finally, Csenge Advisory Group bought a new stake in shares of Big Lots during the third quarter worth approximately $218,000.

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About Big Lots

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.

Analyst Recommendations for Big Lots (NYSE:BIG)

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