Big Lots (NYSE:BIG) issued an update on its FY19 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $4.75-4.95 for the period, compared to the Thomson Reuters consensus estimate of $5.06. Big Lots also updated its Q1 guidance to $1.15-1.22 EPS.
Big Lots (BIG) opened at $48.45 on Friday. The stock has a market cap of $2,265.15, a PE ratio of 12.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.99. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66. Big Lots has a 1-year low of $45.10 and a 1-year high of $64.42.
Big Lots (NYSE:BIG) last released its earnings results on Friday, March 9th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.14. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.26 EPS. equities research analysts predict that Big Lots will post 4.3 earnings per share for the current year.
Big Lots declared that its board has initiated a share buyback plan on Friday, March 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
BIG has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Big Lots from a hold rating to a buy rating and set a $63.00 target price on the stock in a report on Thursday, November 30th. Telsey Advisory Group upped their target price on shares of Big Lots from $56.00 to $59.00 and gave the company a market perform rating in a report on Monday, December 4th. Citigroup set a $69.00 target price on shares of Big Lots and gave the company a buy rating in a report on Tuesday, December 5th. KeyCorp restated a buy rating and issued a $58.00 target price on shares of Big Lots in a report on Friday, November 10th. Finally, UBS Group lowered shares of Big Lots from an outperform rating to a market perform rating in a report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Big Lots currently has a consensus rating of Buy and an average price target of $62.40.
In other news, insider Timothy A. Johnson sold 20,000 shares of the stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the transaction, the insider now directly owns 65,649 shares in the company, valued at approximately $3,610,695. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey Paul Berger sold 6,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $58.00, for a total transaction of $348,000.00. Following the transaction, the director now owns 7,566 shares in the company, valued at $438,828. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
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Big Lots Company Profile
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.
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