News articles about Big Lots (NYSE:BIG) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Big Lots earned a news impact score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.7521272675915 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Big Lots (BIG) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- For Players, the Road to the Final Four Means Lots of Time Away From Campus (wsj.com)
- Downtown’s new places could mean lots of empty spaces (slideshow) (bizjournals.com)
- Big Star comes to Wrigleyville just days before Cubs home opener at neighboring Wrigley Field (msn.com)
- Big Lots (BIG) Downgraded by UBS to “Market Perform” (americanbankingnews.com)
Several research analysts recently weighed in on the stock. Loop Capital restated a “buy” rating and set a $70.00 price target on shares of Big Lots in a report on Monday, January 29th. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Wednesday, January 31st. Citigroup set a $69.00 price target on shares of Big Lots and gave the stock a “buy” rating in a report on Tuesday, December 5th. Telsey Advisory Group boosted their price target on shares of Big Lots from $56.00 to $59.00 and gave the stock a “market perform” rating in a report on Monday, December 4th. Finally, Raymond James Financial restated a “buy” rating and set a $67.00 price target on shares of Big Lots in a report on Saturday, December 2nd. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $58.83.
Big Lots (NYSE:BIG) last released its earnings results on Friday, March 9th. The company reported $2.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.14. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Big Lots had a net margin of 3.60% and a return on equity of 31.12%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.26 earnings per share. research analysts anticipate that Big Lots will post 4.88 earnings per share for the current fiscal year.
Big Lots declared that its board has authorized a share buyback plan on Friday, March 9th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.76%. This is a boost from Big Lots’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, March 22nd. Big Lots’s payout ratio is presently 26.97%.
In other Big Lots news, Director Jeffrey Paul Berger sold 6,000 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $58.00, for a total value of $348,000.00. Following the transaction, the director now directly owns 7,566 shares in the company, valued at $438,828. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Timothy A. Johnson sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the completion of the transaction, the insider now owns 65,649 shares in the company, valued at $3,610,695. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,414 shares of company stock worth $2,649,828. Corporate insiders own 1.70% of the company’s stock.
Big Lots Company Profile
Big Lots, Inc, through its subsidiaries, operates as a non-traditional, discount retailer in the United States. The company offers products under various merchandising categories, such as food category that includes beverage and grocery, candy and snacks, and specialty foods departments; consumables category, which comprises health and beauty, plastics, paper, chemical, and pet departments; soft home category that consists of home décor, frames, fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and furniture category consisting of upholstery, mattress, ready-to-assemble, and case goods departments.
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