The price of Big Lots Inc. (NYSE:BIG) shares last traded on Wall Street fell -12.69% to $6.95.
Based on available information, 10 analysts follow Big Lots Inc. (NYSE:BIG). 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 $5.00, we find $6.00. Given the previous closing price of $7.96, this indicates a potential downside of -24.62 percent. BIG stock price is now -19.96% away from the 50-day moving average and -42.57% away from the 200-day moving average. The market capitalization of the company currently stands at $201.83M.
Among analysts, 4 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $7.16 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 $1.18 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 $1.35 million. Insiders disposed of 59,252 shares of company stock worth roughly $0.41 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 HRT FINANCIAL LP during the first quarter worth $2,760,000. JANE STREET GROUP, LLC invested $2,204,000 in shares of BIG during the first quarter. In the first quarter, RENAISSANCE TECHNOLOGIES LLC acquired a new stake in Big Lots Inc. valued at approximately $1,903,000. TREXQUANT INVESTMENT LP acquired a new stake in BIG for approximately $1,852,000. MAVERICK CAPITAL LTD purchased a new stake in BIG valued at around $1,283,000 in the second quarter. In total, there are 248 active investors with 100.96% ownership of the company’s stock.
A candlestick chart of Big Lots Inc. (NYSE: BIG) showed a price of $7.78 on Wednesday morning. During the past 12 months, Big Lots Inc. has had a low of $4.78 and a high of $24.35. 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 $8.68 and a two-hundred day moving average price translates $12.04 for the stock.
The latest earnings results from Big Lots Inc. (NYSE: BIG) was released for Apr, 2023. According to the Discount Stores Company, earnings per share came in at -$3.24, beating analysts’ expectations of -$4.12 by 0.88. 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 17.27% percent yield. There was an ex-dividend date of 03/16/2023 for this dividend.
Big Lots Inc.(BIG) Company Profile
Big Lots, Inc., through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday departments; soft home category that consists of home décor, frames, fashion and utility bedding, bath, window, decorative textile, and area rugs departments; and food category that includes beverage and grocery, specialty foods, and pet departments. It also provides merchandise under the consumables category, which comprises health, beauty and cosmetics, plastics, paper, and chemical departments; hard home category, including small appliances, tabletops, and food preparation and stationery products, as well as home maintenance and organization products, and toys departments; and apparel, electronics, and other category consisting of apparel, electronics, jewelry, hosiery, and candy and snacks departments. Big Lots, Inc. was founded in 1967 and is headquartered in Columbus, Ohio.
