Big Lots, Inc. (NYSE:BIG) has been given a consensus recommendation of “Buy” by the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $61.11.
A number of analysts recently issued reports on the company. Citigroup lowered Big Lots from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and set a $63.00 price objective on shares of Big Lots in a research note on Friday, December 1st. Oppenheimer reiterated a “market perform” rating on shares of Big Lots in a research note on Wednesday, January 10th. Raymond James Financial reiterated a “buy” rating and set a $67.00 price objective on shares of Big Lots in a research note on Saturday, December 2nd. Finally, Loop Capital reiterated a “buy” rating and set a $70.00 price objective on shares of Big Lots in a research note on Monday, January 29th.
In other Big Lots news, insider Timothy A. Johnson sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $55.00, for a total value of $1,100,000.00. Following the transaction, the insider now directly owns 65,649 shares in the company, valued at approximately $3,610,695. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Paul Berger sold 6,000 shares of the company’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $58.00, for a total value of $348,000.00. Following the completion of the transaction, the director now owns 7,566 shares in the company, valued at $438,828. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
Big Lots (BIG) traded down $1.51 during trading hours on Friday, hitting $55.31. The company had a trading volume of 310,465 shares, compared to its average volume of 1,021,353. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.24 and a current ratio of 1.66. Big Lots has a 12 month low of $45.10 and a 12 month high of $64.42. The company has a market cap of $2,436.22, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 0.87 and a beta of 0.95.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.04 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. sell-side analysts predict that Big Lots will post 4.29 EPS for the current fiscal year.
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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.
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