Citigroup set a $69.00 price objective on Big Lots (NYSE:BIG) in a research note published on Tuesday morning. The brokerage currently has a buy rating on the stock.

BIG has been the topic of several other research reports. Zacks Investment Research raised Big Lots from a hold rating to a buy rating and set a $59.00 price objective on the stock in a research report on Tuesday, October 10th. BidaskClub raised Big Lots from a hold rating to a buy rating in a research report on Wednesday, August 9th. KeyCorp reissued a buy rating and issued a $63.00 price objective on shares of Big Lots in a research report on Friday, December 1st. Piper Jaffray Companies set a $52.00 price objective on Big Lots and gave the stock a hold rating in a research report on Sunday, October 1st. Finally, Raymond James Financial reaffirmed a buy rating and set a $67.00 price target on shares of Big Lots in a research report on Saturday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Big Lots presently has an average rating of Buy and an average price target of $60.64.

Big Lots (NYSE:BIG) traded down $0.12 during mid-day trading on Tuesday, reaching $58.81. The company’s stock had a trading volume of 1,194,600 shares, compared to its average volume of 1,018,628. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.24 and a current ratio of 1.66. Big Lots has a twelve month low of $45.10 and a twelve month high of $60.18. The stock has a market capitalization of $2,501.71, a PE ratio of 14.23, a P/E/G ratio of 1.03 and a beta of 0.99.

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, December 1st. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The business’s revenue was up .5% on a year-over-year basis. equities research analysts forecast that Big Lots will post 4.26 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.70%. Big Lots’s dividend payout ratio is presently 25.58%.

In other news, insider Ronald A. Robins, Jr. sold 1,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the transaction, the insider now owns 7,925 shares of the company’s stock, valued at approximately $404,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David J. Campisi sold 96,940 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total value of $5,137,820.00. Following the transaction, the chief executive officer now directly owns 99,203 shares in the company, valued at approximately $5,257,759. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Csenge Advisory Group bought a new stake in shares of Big Lots during the 3rd quarter valued at $218,000. Canada Pension Plan Investment Board raised its stake in shares of Big Lots by 20.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 90,299 shares of the company’s stock valued at $4,837,000 after purchasing an additional 15,200 shares during the period. Wells Fargo & Company MN raised its stake in shares of Big Lots by 8.0% during the 2nd quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock valued at $114,175,000 after purchasing an additional 175,972 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in shares of Big Lots during the 3rd quarter valued at $615,000. Finally, State Street Corp raised its stake in shares of Big Lots by 1.8% during the 2nd quarter. State Street Corp now owns 1,640,504 shares of the company’s stock valued at $79,233,000 after purchasing an additional 28,509 shares during the period.

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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.

Analyst Recommendations for Big Lots (NYSE:BIG)

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