A number of firms have modified their ratings and price targets on shares of Big Lots (NYSE: BIG) recently:

  • 8/30/2017 – Big Lots was given a new $64.00 price target on by analysts at Loop Capital. They now have a “buy” rating on the stock.
  • 8/30/2017 – Big Lots was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Big Lots’ second-quarter fiscal 2017 marked the seventh straight quarter of positive earnings surprise. Moreover, the top line also surpassed the Zacks Consensus Estimate after missing the same in the trailing four quarters on account of robust performance of furniture and soft home. Following the results, management raised fiscal 2017 earnings guidance but remained somewhat cautious about its sales and comparable store sales performance. Management’s conservative sales guidance has hurt investor sentiment as a result of which the stock has underperformed the industry in the past month. Sales growth for the full year is predicted to be in the range of 2-2.5%, compared with earlier guided range of 2-3%. Meanwhile, its furniture financing programs have been consistently gaining traction. However, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 8/26/2017 – Big Lots had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $57.00 price target on the stock, up previously from $56.00.
  • 8/25/2017 – Big Lots was given a new $60.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 8/17/2017 – Big Lots was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “Shares of Big Lots have outperformed the industry in the past three months. The company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock is likely to carry the momentum going forward. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 8/16/2017 – Big Lots was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Big Lots have outperformed the industry in the past three months. The company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock is likely to carry the momentum going forward. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 8/9/2017 – Big Lots was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/3/2017 – Big Lots was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/28/2017 – Big Lots was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Big Lots was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Shares of Big Lots have outperformed the industry in the past six months. The company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock is likely to carry the momentum going forward. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 7/27/2017 – Big Lots was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Big Lots have outperformed the industry in the past six months. The company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock might do well in the near term. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 7/25/2017 – Big Lots was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock, up previously from $55.00.
  • 7/11/2017 – Big Lots was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Shares of Big Lots have declined over the past six months. However, the company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock might recover in the near term. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 7/4/2017 – Big Lots was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Big Lots, Inc. (NYSE BIG) traded up 0.06% during mid-day trading on Thursday, reaching $47.60. 940,151 shares of the company’s stock traded hands. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 12.34 and a beta of 0.85. Big Lots, Inc. has a 52 week low of $42.40 and a 52 week high of $56.54. The company’s 50 day moving average is $49.35 and its 200-day moving average is $49.41.

Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Equities analysts expect that Big Lots, Inc. will post $4.24 earnings per share for the current fiscal year.

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

In other news, CEO David J. Campisi sold 28,875 shares of Big Lots stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the transaction, the chief executive officer now directly owns 225,018 shares of the company’s stock, valued at $11,259,900.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lisa M. Bachmann sold 40,000 shares of Big Lots stock in a transaction on Monday, August 7th. The stock was sold at an average price of $51.00, for a total transaction of $2,040,000.00. Following the transaction, the insider now directly owns 48,089 shares in the company, valued at $2,452,539. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,975 shares of company stock worth $3,593,055. Insiders own 1.70% of the company’s stock.

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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