Equities research analysts expect that Big Lots, Inc. (NYSE:BIG) will report sales of $1.17 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Big Lots’ earnings, with the lowest sales estimate coming in at $1.15 billion and the highest estimate coming in at $1.18 billion. Big Lots reported sales of $1.15 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The company is expected to report its next quarterly earnings report on Friday, December 6th.

On average, analysts expect that Big Lots will report full-year sales of $5.34 billion for the current fiscal year, with estimates ranging from $5.31 billion to $5.36 billion. For the next year, analysts expect that the business will post sales of $5.47 billion, with estimates ranging from $5.41 billion to $5.53 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Big Lots.

Big Lots (NYSE:BIG) last issued its earnings results on Friday, August 30th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. Big Lots had a net margin of 2.33% and a return on equity of 24.68%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. Big Lots’s quarterly revenue was up 2.5% compared to the same quarter last year.

A number of research firms have recently issued reports on BIG. Barclays reduced their price target on shares of Big Lots from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 3rd. Telsey Advisory Group set a $26.00 price target on shares of Big Lots and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Bank of America set a $23.00 price target on shares of Big Lots and gave the company a “sell” rating in a research note on Wednesday, June 26th. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a research note on Monday, July 22nd. Finally, Piper Jaffray Companies downgraded shares of Big Lots from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $44.00 to $31.00 in a research note on Friday, May 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $31.83.

In related news, SVP Ronald A. Robins, Jr. sold 5,000 shares of Big Lots stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.42, for a total value of $117,100.00. Following the completion of the transaction, the senior vice president now owns 30,532 shares in the company, valued at $715,059.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Big Lots by 0.5% in the second quarter. Vanguard Group Inc. now owns 4,305,832 shares of the company’s stock valued at $123,190,000 after purchasing an additional 20,170 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Big Lots by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 896,819 shares of the company’s stock valued at $25,658,000 after purchasing an additional 67,682 shares in the last quarter. Morgan Stanley grew its holdings in shares of Big Lots by 212.1% in the second quarter. Morgan Stanley now owns 855,886 shares of the company’s stock valued at $24,487,000 after purchasing an additional 581,647 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in Big Lots by 22.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 815,370 shares of the company’s stock worth $23,328,000 after acquiring an additional 150,912 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Big Lots by 4.8% during the 2nd quarter. Northern Trust Corp now owns 576,643 shares of the company’s stock worth $16,498,000 after acquiring an additional 26,461 shares in the last quarter. Hedge funds and other institutional investors own 98.98% of the company’s stock.

Shares of Big Lots stock traded down $0.31 on Friday, reaching $22.75. The company had a trading volume of 1,118,071 shares, compared to its average volume of 1,416,779. The firm’s 50 day moving average price is $22.82 and its two-hundred day moving average price is $30.03. The firm has a market cap of $895.67 million, a PE ratio of 5.63, a PEG ratio of 0.80 and a beta of 1.40. Big Lots has a 52-week low of $19.83 and a 52-week high of $45.13. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.17 and a current ratio of 1.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Thursday, September 12th. Big Lots’s dividend payout ratio (DPR) is currently 29.70%.

Big Lots Company Profile

Big Lots, Inc, through its subsidiaries, operates as a 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 and Estimates for Big Lots (NYSE:BIG)

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