Big Lots (NYSE:BIG) Trading 6.2% Higher

Big Lots, Inc. (NYSE:BIG) traded up 6.2% during trading on Monday . The company traded as high as $24.24 and last traded at $24.17, 1,120,338 shares were traded during trading. A decline of 21% from the average session volume of 1,417,892 shares. The stock had previously closed at $22.76.

BIG has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a research note on Monday, July 22nd. Loop Capital boosted their target price on shares of Big Lots to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, September 3rd. Bank of America set a $23.00 target price on shares of Big Lots and gave the stock a “sell” rating in a research report on Wednesday, June 26th. KeyCorp cut their target price on shares of Big Lots from $44.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, June 3rd. Finally, ValuEngine cut shares of Big Lots from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.83.

The stock has a market cap of $942.82 million, a P/E ratio of 6.02, a price-to-earnings-growth ratio of 0.79 and a beta of 1.40. The firm’s 50 day simple moving average is $22.89 and its two-hundred day simple moving average is $30.07. The company has a quick ratio of 0.17, a current ratio of 1.09 and a debt-to-equity ratio of 2.31.

Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, August 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.13. Big Lots had a net margin of 2.33% and a return on equity of 24.68%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts predict that Big Lots, Inc. will post 3.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.20 annualized dividend and a yield of 4.94%. Big Lots’s dividend payout ratio (DPR) is 29.70%.

In other Big Lots news, SVP Ronald A. Robins, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.42, for a total value of $117,100.00. Following the transaction, the senior vice president now owns 30,532 shares of the company’s stock, valued at $715,059.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its position in Big Lots by 125.8% in the first quarter. Janney Montgomery Scott LLC now owns 27,578 shares of the company’s stock worth $1,049,000 after buying an additional 15,362 shares during the period. HL Financial Services LLC acquired a new position in shares of Big Lots during the first quarter valued at $228,000. Texas Permanent School Fund grew its position in shares of Big Lots by 3.0% during the first quarter. Texas Permanent School Fund now owns 27,193 shares of the company’s stock worth $1,034,000 after acquiring an additional 794 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Big Lots during the first quarter worth about $514,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of Big Lots during the first quarter worth about $233,000. Institutional investors and hedge funds own 98.98% of the company’s stock.

About Big Lots (NYSE:BIG)

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.

Featured Story: What are high-yield dividend stocks?

Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.