Big Lots Stock Zacks
Wall Street analysts expect Big Lots, Inc. (NYSE:BIG) to report $2.50 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Big Lots’ earnings, with estimates ranging from $2.48 to $2.52. Big Lots reported earnings of $2.39 per share in the same quarter last year, which would indicate a. BIG appears to be worth retaining in your portfolio, given its impressive strategic initiatives, including the Operation North Star plan. L Brands LB, also a Zacks Rank #1 stock.
- Big Lots (BIG) Stock Sinks As Market Gains: What You Should Know In the latest trading session, Big Lots (BIG) closed at $45.28, marking a -0.57% move from the previous day.
- Equities analysts expect that Big Lots, Inc. (NYSE:BIG) will report earnings per share (EPS) of $3.02 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Big Lots’ earnings, with the lowest EPS estimate coming in at $2.75 and the highest estimate coming in at $3.19.
- BIG is holding a Zacks Rank of #3 (Hold) right now. Valuation is also important, so investors should note that BIG has a Forward P/E ratio of 5.84 right now. This valuation marks a discount.
Analysts expect that Big Lots, Inc. (NYSE:BIG) will post earnings of $3.02 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Big Lots’ earnings, with the lowest EPS estimate coming in at $2.75 and the highest estimate coming in at $3.19. Big Lots reported earnings of $2.39 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 25th.
On average, analysts expect that Big Lots will report full-year earnings of $7.78 per share for the current financial year, with EPS estimates ranging from $7.53 to $7.95. For the next fiscal year, analysts expect that the company will post earnings of $5.90 per share, with EPS estimates ranging from $4.64 to $6.55. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Big Lots.
Big Lots (NYSE:BIG) last announced its earnings results on Thursday, December 3rd. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.10. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. Big Lots had a return on equity of 25.78% and a net margin of 12.32%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS.
Several analysts have weighed in on BIG shares. Deutsche Bank Aktiengesellschaft cut their target price on Big Lots from $56.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday. Barclays boosted their price objective on Big Lots from $34.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Monday, August 31st. Wolfe Research began coverage on Big Lots in a research note on Friday, October 9th. They issued an “outperform” rating and a $61.00 price objective on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $73.00 price objective on shares of Big Lots in a research note on Friday, December 4th. Finally, Loop Capital boosted their price objective on Big Lots from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, October 16th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Big Lots currently has a consensus rating of “Hold” and an average target price of $53.33.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC grew its holdings in shares of Big Lots by 5.7% in the 2nd quarter. Ancora Advisors LLC now owns 2,611,775 shares of the company’s stock worth $109,695,000 after acquiring an additional 139,932 shares during the last quarter. FMR LLC grew its holdings in shares of Big Lots by 11.8% during the second quarter. FMR LLC now owns 2,102,015 shares of the company’s stock valued at $88,284,000 after buying an additional 222,534 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Big Lots by 91.7% during the second quarter. Goldman Sachs Group Inc. now owns 821,899 shares of the company’s stock valued at $34,520,000 after buying an additional 393,101 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Big Lots by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 728,883 shares of the company’s stock valued at $30,612,000 after buying an additional 7,221 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Big Lots by 1.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 499,214 shares of the company’s stock valued at $22,265,000 after buying an additional 7,805 shares in the last quarter. Institutional investors and hedge funds own 95.38% of the company’s stock.
Big Lots Stock Zacks Price
Shares of Big Lots stock opened at $46.51 on Tuesday. The business’s fifty day moving average price is $49.56 and its two-hundred day moving average price is $44.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.58 and a quick ratio of 0.91. The company has a market capitalization of $1.83 billion, a P/E ratio of 2.96, a PEG ratio of 0.73 and a beta of 2.46. Big Lots has a 1-year low of $10.13 and a 1-year high of $57.24.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, December 15th. Big Lots’s payout ratio is 32.70%.
Big Lots Company Profile
Big Lots, Inc, through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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