Big Lots (NYSE:BIG) posted its earnings results on Friday. The company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.14, Bloomberg Earnings reports. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $2.26 earnings per share. Big Lots updated its Q1 guidance to $1.15-1.22 EPS and its FY19 guidance to $4.75-4.95 EPS.
Shares of Big Lots (NYSE:BIG) traded down $5.44 during midday trading on Friday, hitting $48.45. The stock had a trading volume of 12,533,769 shares, compared to its average volume of 1,081,578. The stock has a market capitalization of $2,036.50, a PE ratio of 11.06, a PEG ratio of 0.71 and a beta of 0.99. Big Lots has a one year low of $45.10 and a one year high of $64.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.24 and a current ratio of 1.66.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Friday, March 23rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from Big Lots’s previous quarterly dividend of $0.25. Big Lots’s dividend payout ratio (DPR) is presently 22.83%.
Big Lots declared that its Board of Directors has authorized a stock buyback plan on Friday, March 9th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
In other Big Lots news, Director Jeffrey Paul Berger sold 6,000 shares of the 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 sale, the director now directly owns 7,566 shares of the company’s stock, valued at approximately $438,828. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Timothy A. Johnson sold 20,000 shares of the stock in a transaction that occurred on 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 completion of the sale, 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. 1.70% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. C M Bidwell & Associates Ltd. acquired a new position in Big Lots during the fourth quarter valued at approximately $104,000. We Are One Seven LLC purchased a new position in Big Lots during the fourth quarter valued at approximately $110,000. Cerebellum GP LLC acquired a new position in Big Lots during the fourth quarter valued at $128,000. DekaBank Deutsche Girozentrale grew its stake in Big Lots by 78.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock valued at $144,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Big Lots in the 3rd quarter worth approximately $200,000.
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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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