Big Lots, Inc. (BIG) Receives Buy Rating from KeyCorp
BIG has been the subject of a number of other research reports. Deutsche Bank AG restated a buy rating and issued a $57.00 price target (up previously from $56.00) on shares of Big Lots in a research report on Saturday, August 26th. Zacks Investment Research cut Big Lots from a buy rating to a hold rating in a research report on Wednesday, August 30th. Piper Jaffray Companies reaffirmed a hold rating and set a $52.00 price objective on shares of Big Lots in a research note on Friday, September 1st. Loop Capital set a $64.00 price objective on Big Lots and gave the company a buy rating in a research note on Wednesday, August 30th. Finally, BidaskClub raised Big Lots from a hold rating to a buy rating in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $57.85.
Shares of Big Lots (NYSE:BIG) traded up $0.39 during mid-day trading on Friday, hitting $53.69. The stock had a trading volume of 768,400 shares, compared to its average volume of 1,013,611. Big Lots has a twelve month low of $45.10 and a twelve month high of $56.54. The stock has a market capitalization of $2,262.71, a PE ratio of 12.94, a P/E/G ratio of 0.93 and a beta of 0.95. The company has a current ratio of 1.62, a quick ratio of 0.27 and a debt-to-equity ratio of 0.39.
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, beating analysts’ consensus estimates of $0.62 by $0.05. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business posted $0.52 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. analysts forecast that Big Lots will post 4.22 EPS for the current year.
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In other Big Lots news, insider Ronald A. Robins, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the sale, the insider now directly owns 7,925 shares of the company’s stock, valued at approximately $404,175. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David J. Campisi sold 96,940 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the sale, the chief executive officer now directly owns 99,203 shares in the company, valued at $5,257,759. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,542 shares of company stock worth $5,313,716. 1.70% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Alps Advisors Inc. boosted its stake in Big Lots by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,834 shares of the company’s stock worth $475,000 after buying an additional 25 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Big Lots by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,536 shares of the company’s stock worth $316,000 after buying an additional 27 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Big Lots by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock valued at $191,000 after purchasing an additional 68 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Big Lots by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,722 shares of the company’s stock valued at $1,339,000 after purchasing an additional 109 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its stake in shares of Big Lots by 2.4% in the 2nd quarter. Suntrust Banks Inc. now owns 8,127 shares of the company’s stock valued at $391,000 after purchasing an additional 190 shares in the last quarter.
Big Lots Company Profile
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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