Big Lots (NYSE:BIG) announced its quarterly earnings results on Friday. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.08), Bloomberg Earnings reports. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Big Lots had a net margin of 3.23% and a return on equity of 28.85%. Big Lots’s revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. Big Lots updated its Q3 guidance to ($0.06)-$0.04 EPS and its FY19 guidance to $4.40-4.55 EPS.

NYSE:BIG opened at $47.86 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.25. Big Lots has a 12 month low of $36.20 and a 12 month high of $64.42. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 0.89 and a beta of 1.03.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.51%. Big Lots’s dividend payout ratio (DPR) is presently 26.97%.

Several equities research analysts recently weighed in on BIG shares. Citigroup reduced their price target on shares of Big Lots to $48.00 and set a “buy” rating for the company in a research report on Tuesday, June 5th. Zacks Investment Research downgraded shares of Big Lots from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. JPMorgan Chase & Co. cut their target price on shares of Big Lots from $55.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, May 22nd. Morgan Stanley cut their target price on shares of Big Lots from $62.00 to $47.00 and set an “overweight” rating for the company in a research report on Monday, June 4th. Finally, Loop Capital downgraded shares of Big Lots from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Monday, June 4th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $51.47.

In other news, EVP Lisa M. Bachmann sold 7,517 shares of Big Lots stock in a transaction on Monday, August 20th. The shares were sold at an average price of $48.85, for a total transaction of $367,205.45. Following the transaction, the executive vice president now owns 61,630 shares in the company, valued at approximately $3,010,625.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lisa M. Bachmann sold 29,733 shares of Big Lots stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $48.85, for a total transaction of $1,452,457.05. Following the transaction, the executive vice president now owns 61,630 shares in the company, valued at approximately $3,010,625.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,250 shares of company stock valued at $2,319,663. 1.30% of the stock is currently owned by insiders.

Big Lots Company Profile

Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home d├ęcor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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Earnings History for Big Lots (NYSE:BIG)

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