Big Lots (NYSE:BIG) updated its first quarter earnings guidance on Friday. The company provided EPS guidance of $1.15-1.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.32. Big Lots also updated its FY19 guidance to $4.75-4.95 EPS.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Big Lots from a hold rating to a buy rating and set a $69.00 target price on the stock in a report on Wednesday, January 31st. Loop Capital reiterated a buy rating and issued a $70.00 target price on shares of Big Lots in a report on Monday, January 29th. Oppenheimer reiterated a market perform rating on shares of Big Lots in a report on Wednesday, January 10th. Citigroup downgraded shares of Big Lots from an outperform rating to a market perform rating in a report on Wednesday, January 10th. They noted that the move was a valuation call. Finally, UBS Group downgraded shares of Big Lots from an outperform rating to a market perform rating in a report on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $62.40.
Big Lots (NYSE BIG) opened at $48.45 on Friday. The firm has a market cap of $2,036.50, a P/E ratio of 11.06, a PEG ratio of 0.71 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.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be given a $0.30 dividend. This is an increase from Big Lots’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 2.48%. Big Lots’s dividend payout ratio (DPR) is 22.83%.
Big Lots declared that its board has authorized a stock repurchase program 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. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, Director Jeffrey Paul Berger sold 6,000 shares of Big Lots stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $58.00, for a total value of $348,000.00. Following the transaction, the director now directly owns 7,566 shares of the company’s stock, valued at $438,828. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Timothy A. Johnson sold 20,000 shares of Big Lots stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the completion of the transaction, the insider now directly owns 65,649 shares in the company, valued at $3,610,695. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
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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