Big Lots Stock Price Target
Big Lots shares are trading lower after Barclays downgraded the stock from Equal-Weight to Underweight and announced a $42 price target. Zoltansuranyi@benzinga.com Thu, 07 Jan 2021 08:35:59 -0500.
- Based on 6 analysts offering 12 month price targets for Big Lots in the last 3 months. The average price target is $53.50 with a high forecast of $70.00 and a low forecast of $42.00. The average price target represents a -1.42% decrease from the last price of $54.27.
- Analyst Actions: Deutsche Bank Adjusts Big Lots' Price Target to $53 From $56, Reiterates Hold Rating MT Newswires 12/07 12:32 ET Big Lots (BIG) Stock Tumbles Despite Q3 Earnings & Sales Beat.
- Stop by your local Big Lots and stock up on batteries at our everyday low prices. We carry alkaline and zinc carbon batteries in all sizes from the top brands Energizer, Duracell and Rayovac. Spring and summer storm seasons are not far away, so keep plenty of.
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Shares of Big Lots, Inc. (NYSE:BIG) have earned a consensus recommendation of “Hold” from the thirteen research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $53.25.
BIG has been the topic of a number of research reports. Piper Sandler raised their price target on shares of Big Lots from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, September 29th. Barclays lowered shares of Big Lots from an “equal weight” rating to an “underweight” rating and set a $42.00 price target on the stock. in a research note on Thursday, January 7th. Loop Capital decreased their price target on shares of Big Lots from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 14th. JPMorgan Chase & Co. decreased their price target on shares of Big Lots from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, January 4th. Finally, Telsey Advisory Group decreased their price target on shares of Big Lots from $73.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, January 14th.
Shares of BIG stock traded up $2.52 during mid-day trading on Tuesday, hitting $53.75. 35,897 shares of the stock were exchanged, compared to its average volume of 1,824,229. The firm has a fifty day moving average of $46.29 and a 200 day moving average of $47.04. The company has a quick ratio of 0.55, a current ratio of 1.49 and a debt-to-equity ratio of 0.03. Big Lots has a 52-week low of $10.13 and a 52-week high of $57.24. The company has a market cap of $1.99 billion, a PE ratio of 3.26, a price-to-earnings-growth ratio of 0.64 and a beta of 2.39.
Big Lots (NYSE:BIG) last posted its earnings results on Thursday, December 3rd. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.10. Big Lots had a net margin of 10.30% and a return on equity of 26.25%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company posted ($0.18) EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Equities analysts predict that Big Lots will post 7.27 EPS for the current year.The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 2.23%. Big Lots’s payout ratio is 32.70%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Huntington National Bank increased its holdings in shares of Big Lots by 162.3% during the 3rd quarter. Huntington National Bank now owns 745 shares of the company’s stock worth $33,000 after buying an additional 461 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in shares of Big Lots by 99.5% during the 2nd quarter. Glenmede Trust Co. NA now owns 766 shares of the company’s stock worth $31,000 after buying an additional 382 shares during the last quarter. USA Financial Portformulas Corp acquired a new stake in shares of Big Lots during the 3rd quarter worth approximately $36,000. C M Bidwell & Associates Ltd. increased its holdings in shares of Big Lots by 74.1% during the 3rd quarter. C M Bidwell & Associates Ltd. now owns 1,280 shares of the company’s stock worth $57,000 after buying an additional 545 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Big Lots by 851.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,703 shares of the company’s stock worth $235,000 after buying an additional 1,524 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.
About Big Lots
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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