Wall Street analysts expect Big Lots, Inc. (NYSE:BIG) to report $1.14 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Big Lots’ earnings, with the lowest sales estimate coming in at $1.12 billion and the highest estimate coming in at $1.16 billion. Big Lots posted sales of $1.11 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The company is scheduled to announce its next quarterly earnings report on Friday, December 7th.

According to Zacks, analysts expect that Big Lots will report full-year sales of $5.23 billion for the current year, with estimates ranging from $5.21 billion to $5.25 billion. For the next financial year, analysts anticipate that the company will post sales of $5.30 billion, with estimates ranging from $5.27 billion to $5.35 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Big Lots.

Big Lots (NYSE:BIG) last issued its earnings results on Friday, August 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.08). The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS.

Several research analysts have recently weighed in on BIG shares. Zacks Investment Research upgraded shares of Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 price target on the stock in a research note on Wednesday, August 1st. ValuEngine upgraded shares of Big Lots from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. TheStreet upgraded shares of Big Lots from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Loop Capital lifted their price target on shares of Big Lots from $48.00 to $48.00 and gave the stock a “hold” rating in a research note on Monday, August 27th. Finally, Bank of America started coverage on shares of Big Lots in a research note on Monday, November 5th. They set a “buy” rating and a $56.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $51.81.

Shares of Big Lots stock traded down $2.29 on Thursday, hitting $40.78. 1,481,190 shares of the company’s stock were exchanged, compared to its average volume of 1,394,784. The stock has a market capitalization of $1.66 billion, a PE ratio of 9.16, a P/E/G ratio of 1.06 and a beta of 0.96. Big Lots has a 1 year low of $36.20 and a 1 year high of $64.42. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32.

In other news, EVP Lisa M. Bachmann sold 29,733 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $48.85, for a total transaction of $1,452,457.05. Following the sale, the executive vice president now directly owns 61,630 shares in the company, valued at approximately $3,010,625.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in BIG. BlackRock Inc. increased its holdings in Big Lots by 1.8% in the 2nd quarter. BlackRock Inc. now owns 5,110,859 shares of the company’s stock valued at $213,532,000 after acquiring an additional 90,820 shares during the last quarter. LSV Asset Management increased its holdings in Big Lots by 13.8% in the 2nd quarter. LSV Asset Management now owns 2,563,773 shares of the company’s stock valued at $107,114,000 after acquiring an additional 310,800 shares during the last quarter. AQR Capital Management LLC increased its holdings in Big Lots by 9.6% in the 3rd quarter. AQR Capital Management LLC now owns 2,127,047 shares of the company’s stock valued at $88,890,000 after acquiring an additional 186,036 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Big Lots by 5.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,688,782 shares of the company’s stock valued at $70,573,000 after acquiring an additional 94,193 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Big Lots by 15.7% in the 3rd quarter. Victory Capital Management Inc. now owns 945,276 shares of the company’s stock valued at $39,503,000 after acquiring an additional 128,370 shares during the last quarter.

About Big Lots

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 and Estimates for Big Lots (NYSE:BIG)

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