Northcoast Research Analysts Boost Earnings Estimates for Big Lots, Inc. (BIG)

Big Lots, Inc. (NYSE:BIG) – Analysts at Northcoast Research boosted their FY2018 earnings per share estimates for shares of Big Lots in a research note issued on Monday. Northcoast Research analyst N. Mitchell now anticipates that the company will post earnings of $4.24 per share for the year, up from their prior estimate of $4.22. Northcoast Research also issued estimates for Big Lots’ Q4 2018 earnings at $2.38 EPS, Q1 2019 earnings at $1.22 EPS, Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $2.44 EPS and FY2019 earnings at $4.42 EPS.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, December 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share.

A number of other analysts also recently commented on BIG. BidaskClub raised Big Lots from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded Big Lots from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Oppenheimer set a $60.00 price objective on Big Lots and gave the company a “buy” rating in a report on Friday, August 25th. Deutsche Bank reissued a “buy” rating and set a $57.00 price objective (up from $56.00) on shares of Big Lots in a report on Saturday, August 26th. Finally, Loop Capital set a $64.00 price objective on Big Lots and gave the company a “buy” rating in a report on Wednesday, August 30th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $60.64.

Shares of Big Lots (BIG) traded down $0.12 on Tuesday, hitting $58.81. The company had a trading volume of 1,194,600 shares, compared to its average volume of 1,018,628. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2,501.71, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. Big Lots has a one year low of $45.10 and a one year high of $60.18.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its holdings in shares of Big Lots by 4.2% in the third quarter. Wells Fargo & Company MN now owns 2,462,092 shares of the company’s stock worth $131,894,000 after buying an additional 98,203 shares during the period. LSV Asset Management boosted its position in Big Lots by 1.5% during the 2nd quarter. LSV Asset Management now owns 2,240,023 shares of the company’s stock valued at $108,193,000 after acquiring an additional 32,600 shares in the last quarter. State Street Corp boosted its position in Big Lots by 1.8% during the 2nd quarter. State Street Corp now owns 1,640,504 shares of the company’s stock valued at $79,233,000 after acquiring an additional 28,509 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Big Lots by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,458,840 shares of the company’s stock valued at $78,150,000 after acquiring an additional 4,634 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in Big Lots by 8.5% during the 2nd quarter. Voya Investment Management LLC now owns 1,424,933 shares of the company’s stock valued at $68,824,000 after acquiring an additional 111,593 shares in the last quarter.

In other Big Lots news, insider Ronald A. Robins, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the sale, the insider now owns 7,925 shares in the company, valued at $404,175. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David J. Campisi sold 96,940 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total value of $5,137,820.00. Following the sale, the chief executive officer now owns 99,203 shares in the company, valued at approximately $5,257,759. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.70%. The ex-dividend date is Thursday, December 14th. Big Lots’s dividend payout ratio is 25.58%.

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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.

Earnings History and Estimates for Big Lots (NYSE:BIG)

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