Big Lots, Inc. (NYSE:BIG) – Stock analysts at Piper Jaffray Companies dropped their FY2019 earnings estimates for shares of Big Lots in a note issued to investors on Sunday, November 18th. Piper Jaffray Companies analyst P. Keith now anticipates that the company will post earnings per share of $4.43 for the year, down from their previous forecast of $4.44. Piper Jaffray Companies has a “Overweight” rating and a $53.00 price target on the stock. Piper Jaffray Companies also issued estimates for Big Lots’ Q2 2020 earnings at $0.53 EPS, Q4 2020 earnings at $3.24 EPS and FY2020 earnings at $4.80 EPS.

A number of other research analysts have also recently issued reports on BIG. ValuEngine raised Big Lots from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. Loop Capital lifted their price target on Big Lots from $48.00 to $48.00 and gave the company a “hold” rating in a report on Monday, August 27th. Bank of America began coverage on Big Lots in a report on Monday, November 5th. They issued a “buy” rating and a $56.00 price target for the company. TheStreet raised Big Lots from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research raised Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 price target for the company in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. Big Lots currently has an average rating of “Buy” and an average price target of $51.81.

Big Lots stock opened at $40.78 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32. Big Lots has a 12-month low of $36.20 and a 12-month high of $64.42. The stock has a market capitalization of $1.66 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96.

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

A number of hedge funds have recently made changes to their positions in BIG. Mutual of America Capital Management LLC grew its position in shares of Big Lots by 3.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 36,159 shares of the company’s stock worth $1,511,000 after buying an additional 1,224 shares during the period. HL Financial Services LLC grew its position in shares of Big Lots by 27.0% during the 2nd quarter. HL Financial Services LLC now owns 6,848 shares of the company’s stock worth $286,000 after buying an additional 1,455 shares during the period. Pacer Advisors Inc. grew its position in shares of Big Lots by 12.9% during the 3rd quarter. Pacer Advisors Inc. now owns 14,267 shares of the company’s stock worth $596,000 after buying an additional 1,631 shares during the period. Itau Unibanco Holding S.A. grew its position in shares of Big Lots by 87.4% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 3,569 shares of the company’s stock worth $149,000 after buying an additional 1,665 shares during the period. Finally, Meadow Creek Investment Management LLC grew its position in shares of Big Lots by 58.9% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 4,880 shares of the company’s stock worth $204,000 after buying an additional 1,808 shares during the period.

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.

Further Reading: Quiet Period

Earnings History and Estimates for Big Lots (NYSE:BIG)

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