ValuEngine upgraded shares of Big Lots, Inc. (NYSE:BIG) from a hold rating to a buy rating in a research report report published on Friday.

A number of other equities research analysts have also recently commented on the stock. BidaskClub cut shares of Big Lots from a hold rating to a sell rating in a research note on Thursday, June 22nd. Citigroup Inc. restated a buy rating and set a $62.00 target price (up previously from $61.00) on shares of Big Lots in a research note on Friday, June 9th. Loop Capital set a $64.00 target price on shares of Big Lots and gave the stock a buy rating in a research note on Wednesday, August 30th. Deutsche Bank AG upgraded shares of Big Lots from a hold rating to a buy rating and raised their target price for the stock from $55.00 to $56.00 in a research note on Tuesday, July 25th. Finally, Zacks Investment Research cut shares of Big Lots from a buy rating to a hold rating in a research note on Wednesday, August 30th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $57.50.

Shares of Big Lots (NYSE:BIG) opened at 50.02 on Friday. Big Lots has a 12-month low of $42.40 and a 12-month high of $56.54. The company’s 50-day moving average is $49.47 and its 200-day moving average is $49.03. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 12.97 and a beta of 0.92.

Big Lots (NYSE:BIG) last released its earnings results on Friday, August 25th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business earned $0.52 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts predict that Big Lots will post $4.24 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, September 7th. Big Lots’s payout ratio is currently 26.04%.

In other news, insider Lisa M. Bachmann sold 40,000 shares of Big Lots stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $51.00, for a total transaction of $2,040,000.00. Following the sale, the insider now owns 48,089 shares in the company, valued at $2,452,539. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David J. Campisi sold 28,875 shares of Big Lots stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the sale, the chief executive officer now owns 225,018 shares in the company, valued at approximately $11,259,900.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,577 shares of company stock worth $3,717,951. Company insiders own 1.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its holdings in shares of Big Lots by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,834 shares of the company’s stock valued at $475,000 after purchasing an additional 25 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Big Lots by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,536 shares of the company’s stock valued at $316,000 after purchasing an additional 27 shares in the last quarter. Somerset Trust Co grew its holdings in shares of Big Lots by 0.5% in the second quarter. Somerset Trust Co now owns 11,008 shares of the company’s stock valued at $531,000 after purchasing an additional 54 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Big Lots by 1.8% in the second 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. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Big Lots by 0.4% in the second 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.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Big Lots (NYSE:BIG)

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