The stock of Big Lots Inc. (NYSE:BIG) last traded at $9.38, down -5.06% from the previous session.
Data from the available sources indicates that Big Lots Inc. (NYSE:BIG) is covered by 10 analysts. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $4.00, we find $6.00. Given the previous closing price of $9.88, this indicates a potential downside of -39.27 percent. BIG stock price is now 13.58% away from the 50-day moving average and -28.01% away from the 200-day moving average. The market capitalization of the company currently stands at $267.05M.
In total, 4 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $6.48 as their price target over the next twelve months.
With the price target reduced from $12 to $7, Piper Sandler Downgraded its rating from Neutral to Underweight for Big Lots Inc. (NYSE: BIG).
In other news, Robins Ronald A Jr, Executive Vice President bought 10,000 shares of the company’s stock on Jun 01. The stock was bought for $50,050 at an average price of $5.00. Upon completion of the transaction, the Executive Vice President now directly owns 169,897 shares in the company, valued at $1.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Executive Vice President Schlonsky Michael Allen bought 10,000 shares of the business’s stock. A total of $48,800 was incurred on buying the stock at an average price of $4.88. This leaves the insider owning 194,207 shares of the company worth $1.82 million. Insiders disposed of 59,252 shares of company stock worth roughly $0.56 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BIG stock. A new stake in Big Lots Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $9,108,000. ARTHA ASSET MANAGEMENT LLC invested $1,126,000 in shares of BIG during the first quarter. In the first quarter, QUANTBOT TECHNOLOGIES LP acquired a new stake in Big Lots Inc. valued at approximately $779,000. GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in BIG for approximately $465,000. KINGSVIEW WEALTH MANAGEMENT, LLC purchased a new stake in BIG valued at around $449,000 in the second quarter.
With an opening price of $9.83 on Wednesday morning, Big Lots Inc. (NYSE: BIG) set off the trading day. During the past 12 months, Big Lots Inc. has had a low of $4.78 and a high of $29.25. As of last week, the company has a debt-to-equity ratio of 0.91, a current ratio of 1.50, and a quick ratio of 0.20. The fifty day moving average price for BIG is $8.29 and a two-hundred day moving average price translates $12.99 for the stock.
According to the Discount Stores Company, earnings per share came in at -$3.4, missing analysts’ expectations of -$1.82 by -1.58. This compares to -$0.39 EPS in the same period last year. The net profit margin was -7.80% and return on equity was -54.30% for BIG. The company reported revenue of $1.12 billion for the quarter, compared to $1.37 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.27 percent. For the current quarter, analysts expect BIG to generate $1.1B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/31/2023. Investors who held shares on 03/17/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 12.79% percent yield. There was an ex-dividend date of 03/16/2023 for this dividend.
