Big Lots (BIG) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Big Lots in the last year. There are currently 3 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" BIG shares.
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6 brokerages have issued 1-year price objectives for Big Lots' shares. Their BIG share price forecasts range from $5.00 to $8.50. On average, they predict the company's share price to reach $6.58 in the next twelve months. This suggests a possible upside of 30.6% from the stock's current price.
View analysts price targets for BIG or view top-rated stocks among Wall Street analysts.

Big Lots' stock was trading at $14.70 at the beginning of the year. Since then, BIG shares have decreased by 65.7% and is now trading at $5.04.
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Big Lots saw a increase in short interest in August. As of August 31st, there was short interest totaling 7,610,000 shares, an increase of 21.8% from the August 15th total of 6,250,000 shares. Based on an average daily trading volume, of 2,150,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 28.0% of the company's shares are sold short.
View Big Lots' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 7th 2023.
View our BIG earnings forecast.

Big Lots, Inc. (NYSE:BIG) posted its quarterly earnings results on Tuesday, August, 29th. The company reported ($3.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($4.11) by $0.87. The firm earned $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Big Lots had a negative net margin of 11.40% and a negative trailing twelve-month return on equity of 47.91%. The firm's revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($2.28) earnings per share.

Big Lots declared a quarterly dividend on Tuesday, February 28th. Shareholders of record on Friday, March 17th will be given a dividend of $0.30 per share on Friday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 23.81%. The ex-dividend date of this dividend is Thursday, March 16th.
Read our dividend analysis for BIG.

Big Lots announced that its board has approved a stock buyback plan on Friday, December 3rd 2021, which allows the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 17.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

190 employees have rated Big Lots Chief Executive Officer Bruce Thorn on Glassdoor.com. Bruce Thorn has an approval rating of 57% among the company's employees. This puts Bruce Thorn in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Big Lots investors own include NVIDIA (nvda), Advanced Micro Devices (AMD), Johnson & Johnson (JNJ), Walmart (WMT), Micron Technology (MU), CVS Health (CVS), Verizon Communications (VZ), AbbVie (ABBV), AT&T (T) and Intel (INTC).

Big Lots trades on the New York Stock Exchange (NYSE) under the ticker symbol "BIG."

Big Lots' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.75%), Northern Trust Corp (2.91%), Dimensional Fund Advisors LP (2.69%), State Street Corp (2.36%), Nuveen Asset Management LLC (2.33%) and Nuveen Asset Management LLC (2.33%). Insiders that own company stock include Bruce K Thorn, James R Chambers, Michael Allen Schlonsky, Nicholas E Padovano, Ronald A Robins Jr and Sebastian Digrande.
View institutional ownership trends.

Shares of BIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BIG stock can currently be purchased for approximately $5.04.

Big Lots (NYSE:BIG) has a market capitalization of $147.12 million and generates $5.47 billion in revenue each year. The company earns $-210,710,000.00 in net income (profit) each year or ($19.65) on an earnings per share basis.

The company employs 32,200 workers across the globe.

Big Lots' mailing address is 4900 EAST DUBLIN GRANVILLE ROAD, COLUMBUS OH, 43081. The official website for the company is www.biglots.com. The company can be reached via phone at (614) 278-6800, via email at investor_relations@biglots.com, or via fax at 614-278-6676.