Big Lots Inc. (BIG) Price Target Cut to $58.00 by Analysts at KeyCorp
BIG has been the subject of a number of other reports. Deutsche Bank AG reiterated a hold rating and issued a $49.00 target price on shares of Big Lots in a report on Tuesday, August 2nd. Northcoast Research downgraded shares of Big Lots from a buy rating to a neutral rating in a report on Tuesday, August 2nd. Zacks Investment Research downgraded shares of Big Lots from a buy rating to a hold rating in a report on Monday, August 1st. Citigroup Inc. reduced their target price on shares of Big Lots from $62.00 to $59.00 and set a buy rating for the company in a report on Thursday, September 1st. Finally, MKM Partners reiterated a buy rating and issued a $60.00 target price on shares of Big Lots in a report on Thursday, August 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $49.72.
Big Lots (NYSE:BIG) traded down 0.13% during trading on Thursday, hitting $46.82. 128,624 shares of the company were exchanged. The firm’s 50 day moving average price is $49.18 and its 200-day moving average price is $48.98. The stock has a market capitalization of $2.08 billion, a PE ratio of 14.57 and a beta of 0.77. Big Lots has a 1-year low of $33.78 and a 1-year high of $56.30.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, August 26th. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.06. Big Lots had a net margin of 2.96% and a return on equity of 25.68%. The company earned $1.20 billion during the quarter. During the same period last year, the company earned $0.40 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Equities analysts predict that Big Lots will post $3.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.84 annualized dividend and a dividend yield of 1.79%. Big Lots’s dividend payout ratio (DPR) is presently 26.50%.
In other news, SVP Andrew D. Stein sold 10,000 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $53.00, for a total value of $530,000.00. Following the completion of the sale, the senior vice president now owns 26,990 shares of the company’s stock, valued at $1,430,470. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jeffrey Paul Berger sold 7,500 shares of the firm’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $53.00, for a total value of $397,500.00. Following the completion of the sale, the director now directly owns 16,302 shares of the company’s stock, valued at approximately $864,006. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Copper Rock Capital Partners LLC acquired a new stake in shares of Big Lots during the third quarter valued at approximately $24,782,000. BNP Paribas Arbitrage SA raised its stake in shares of Big Lots by 118.9% in the third quarter. BNP Paribas Arbitrage SA now owns 153,975 shares of the company’s stock valued at $7,352,000 after buying an additional 83,641 shares in the last quarter. Eqis Capital Management Inc. raised its stake in shares of Big Lots by 19.2% in the third quarter. Eqis Capital Management Inc. now owns 9,074 shares of the company’s stock valued at $433,000 after buying an additional 1,464 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in shares of Big Lots during the second quarter valued at about $1,014,000. Finally, Royal Bank of Canada raised its stake in shares of Big Lots by 66.9% in the second quarter. Royal Bank of Canada now owns 58,099 shares of the company’s stock valued at $2,910,000 after buying an additional 23,279 shares in the last quarter.
Big Lots Company Profile
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