Big Lots Inc. (BIG) Shares Down 3.9%
Big Lots Inc. (NYSE:BIG) shares traded down 3.9% on Thursday . The stock traded as low as $53.02 and last traded at $53.16, with a volume of 1,435,313 shares trading hands. The stock had previously closed at $55.32.
Several research analysts have weighed in on the company. Deutsche Bank AG reiterated a “hold” rating and issued a $49.00 target price on shares of Big Lots in a research note on Tuesday, August 2nd. MKM Partners restated a “buy” rating and issued a $60.00 price target on shares of Big Lots in a research note on Thursday. Northcoast Research downgraded Big Lots from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 2nd. Zacks Investment Research downgraded Big Lots from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Finally, Oppenheimer Holdings Inc. assumed coverage on Big Lots in a research note on Friday, June 3rd. They issued an “outperform” rating and a $52.35 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $49.45.
The stock has a market capitalization of $2.24 billion and a PE ratio of 16.82. The stock’s 50 day moving average price is $53.25 and its 200-day moving average price is $47.58.
Big Lots (NYSE:BIG) last issued its quarterly earnings results on Friday, August 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. During the same period in the previous year, the business posted $0.40 earnings per share. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts forecast that Big Lots Inc. will post $3.47 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, September 7th.
In other news, EVP Michael Allen Schlonsky sold 15,000 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $50.27, for a total transaction of $754,050.00. Following the completion of the sale, the executive vice president now directly owns 51,439 shares of the company’s stock, valued at approximately $2,585,838.53. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Paul Berger sold 7,500 shares of the firm’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $53.00, for a total value of $397,500.00. Following the sale, the director now directly owns 16,302 shares of the company’s stock, valued at $864,006. The disclosure for this sale can be found here.
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