A number of other equities research analysts have also issued reports on the company. Loop Capital set a $64.00 target price on Big Lots and gave the stock a buy rating in a research report on Wednesday, August 30th. Zacks Investment Research lowered Big Lots from a buy rating to a hold rating in a research report on Friday, September 8th. Deutsche Bank AG upgraded Big Lots from a hold rating to a buy rating and lifted their price target for the company from $55.00 to $56.00 in a report on Tuesday, July 25th. ValuEngine upgraded Big Lots from a hold rating to a buy rating in a report on Friday, September 15th. Finally, Oppenheimer Holdings, Inc. set a $60.00 price target on Big Lots and gave the company a buy rating in a report on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Big Lots currently has a consensus rating of Buy and an average price target of $57.85.
Shares of Big Lots (BIG) opened at $53.59 on Friday. The stock has a market capitalization of $2,279.26, a price-to-earnings ratio of 13.03, a PEG ratio of 0.94 and a beta of 0.95. The company has a current ratio of 1.62, a quick ratio of 0.27 and a debt-to-equity ratio of 0.39. Big Lots has a 52-week low of $45.10 and a 52-week high of $56.54.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, August 25th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. Big Lots’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 earnings per share. research analysts anticipate that Big Lots will post 4.22 EPS for the current fiscal year.
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In other Big Lots news, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the transaction, the chief executive officer now owns 99,203 shares in the company, valued at $5,257,759. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Allen Schlonsky sold 2,602 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $48.00, for a total value of $124,896.00. Following the completion of the transaction, the insider now owns 34,706 shares in the company, valued at approximately $1,665,888. The disclosure for this sale can be found here. Insiders sold 100,542 shares of company stock worth $5,313,716 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in shares of Big Lots by 13.6% during the 2nd quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock worth $113,000 after acquiring an additional 280 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Big Lots by 78.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock worth $144,000 after acquiring an additional 1,255 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of Big Lots during the 3rd quarter worth about $178,000. First Quadrant L P CA bought a new stake in shares of Big Lots during the 3rd quarter worth about $182,000. Finally, LS Investment Advisors LLC boosted its stake in shares of Big Lots by 19.4% during the 2nd quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock worth $177,000 after acquiring an additional 596 shares in the last quarter.
About Big Lots
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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