Big Lots, Inc. (NYSE:BIG) – Investment analysts at Griffin Securities reduced their Q4 2018 earnings estimates for Big Lots in a research report issued to clients and investors on Monday. Griffin Securities analyst M. Ajzenman now forecasts that the company will earn $2.35 per share for the quarter, down from their previous forecast of $2.41. Griffin Securities also issued estimates for Big Lots’ Q1 2019 earnings at $1.33 EPS, Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $2.45 EPS and FY2019 earnings at $4.58 EPS.

Big Lots (NYSE:BIG) last issued its quarterly earnings results on Friday, August 25th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. Big Lots’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share.

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A number of other research firms have also weighed in on BIG. BidaskClub raised Big Lots from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, August 17th. Oppenheimer Holdings, Inc. set a $60.00 price objective on Big Lots and gave the stock a “buy” rating in a research note on Friday, August 25th. Loop Capital reissued a “buy” rating and set a $64.00 price objective on shares of Big Lots in a research note on Tuesday, May 30th. Finally, ValuEngine lowered Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $58.18.

Shares of Big Lots (BIG) traded up 0.15% during mid-day trading on Tuesday, reaching $47.64. The company had a trading volume of 387,333 shares. The company has a market capitalization of $2.05 billion, a PE ratio of 12.35 and a beta of 0.85. The stock’s 50-day moving average price is $49.35 and its 200 day moving average price is $49.41. Big Lots has a 1-year low of $42.40 and a 1-year high of $56.54.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, September 7th. Big Lots’s dividend payout ratio (DPR) is presently 26.04%.

In other news, CEO David J. Campisi sold 28,875 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $50.04, for a total value of $1,444,905.00. Following the transaction, the chief executive officer now owns 225,018 shares of the company’s stock, valued at approximately $11,259,900.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Russell Solt sold 2,100 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $51.50, for a total value of $108,150.00. Following the completion of the transaction, the director now directly owns 10,041 shares in the company, valued at approximately $517,111.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,975 shares of company stock worth $3,593,055. Corporate insiders own 1.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Big Lots by 3,846.5% in the first quarter. BlackRock Inc. now owns 6,101,011 shares of the company’s stock valued at $296,996,000 after buying an additional 5,946,417 shares during the period. Acadian Asset Management LLC raised its position in shares of Big Lots by 105.1% in the second quarter. Acadian Asset Management LLC now owns 813,168 shares of the company’s stock valued at $39,276,000 after buying an additional 416,770 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Big Lots by 206.9% in the first quarter. UBS Asset Management Americas Inc. now owns 547,890 shares of the company’s stock valued at $26,671,000 after buying an additional 369,367 shares during the period. Vanguard Group Inc. raised its position in shares of Big Lots by 7.2% in the first quarter. Vanguard Group Inc. now owns 5,474,133 shares of the company’s stock valued at $266,480,000 after buying an additional 368,464 shares during the period. Finally, Balyasny Asset Management LLC raised its position in shares of Big Lots by 43.3% in the second quarter. Balyasny Asset Management LLC now owns 1,080,139 shares of the company’s stock valued at $52,171,000 after buying an additional 326,620 shares during the period.

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.

Earnings History and Estimates for Big Lots (NYSE:BIG)

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