Big Lots, Inc. (NYSE:BIG) – Equities researchers at Northcoast Research cut their Q1 2019 earnings per share (EPS) estimates for shares of Big Lots in a report issued on Monday. Northcoast Research analyst N. Mitchell now anticipates that the company will post earnings of $1.21 per share for the quarter, down from their previous forecast of $1.22. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Big Lots’ Q2 2019 earnings at $0.75 EPS, FY2019 earnings at $4.85 EPS, Q1 2020 earnings at $1.25 EPS, Q2 2020 earnings at $0.83 EPS, Q3 2020 earnings at $0.04 EPS, Q4 2020 earnings at $3.09 EPS and FY2020 earnings at $5.19 EPS.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, March 9th. The company reported $2.57 EPS for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.14. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. Big Lots had a return on equity of 32.00% and a net margin of 3.60%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.26 EPS.
Big Lots (NYSE BIG) traded down $1.07 during trading on Wednesday, hitting $46.40. 631,772 shares of the stock traded hands, compared to its average volume of 1,363,685. The company has a market capitalization of $1,990.67, a PE ratio of 10.69, a P/E/G ratio of 0.71 and a beta of 0.99. Big Lots has a 52-week low of $45.10 and a 52-week high of $64.42. The company has a current ratio of 1.66, a quick ratio of 0.24 and a debt-to-equity ratio of 0.66.
Big Lots announced that its board has authorized a share repurchase program on Friday, March 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Friday, March 23rd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Thursday, March 22nd. This is a boost from Big Lots’s previous quarterly dividend of $0.25. Big Lots’s dividend payout ratio is currently 22.83%.
In other Big Lots news, Director Jeffrey Paul Berger sold 6,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $58.00, for a total transaction of $348,000.00. Following the completion of the sale, the director now directly owns 7,566 shares in the company, valued at $438,828. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Timothy A. Johnson sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the sale, the insider now owns 65,649 shares of the company’s stock, valued at $3,610,695. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. purchased a new position in shares of Big Lots during the 4th quarter worth $104,000. We Are One Seven LLC bought a new stake in shares of Big Lots in the 4th quarter worth about $110,000. Cerebellum GP LLC bought a new stake in shares of Big Lots in the 4th quarter worth about $128,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Big Lots by 78.3% in the 3rd 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. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Big Lots in the 3rd quarter worth about $200,000.
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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.
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