Big Lots (BIG) Stock Forecast, Price & News

6 Wall Street equities 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 equities research analysts is that investors should "reduce" BIG shares.
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6 analysts have issued 12-month price objectives for Big Lots' stock. Their BIG share price forecasts range from $5.00 to $8.50. On average, they expect the company's stock price to reach $6.58 in the next year. This suggests a possible upside of 28.8% 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 stock has decreased by 65.2% and is now trading at $5.11.
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Big Lots saw a increase in short interest in September. As of September 15th, there was short interest totaling 8,040,000 shares, an increase of 5.7% from the August 31st total of 7,610,000 shares. Based on an average daily volume of 1,760,000 shares, the days-to-cover ratio is currently 4.6 days. Approximately 29.6% of the company's stock are short sold.
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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) issued its earnings results on Tuesday, August, 29th. The company reported ($3.24) earnings per share for the quarter, topping analysts' consensus estimates of ($4.11) by $0.87. The business earned $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Big Lots had a negative trailing twelve-month return on equity of 47.91% and a negative net margin of 11.40%. The business's revenue was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.28) earnings per share.

Big Lots declared a quarterly dividend on Tuesday, February 28th. Investors 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 yield of 23.48%. The ex-dividend date of this dividend is Thursday, March 16th.
Read our dividend analysis for BIG.

Big Lots announced that its board has initiated a share buyback program on Friday, December 3rd 2021, which permits the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 17.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board 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."

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 $5.11.

Big Lots (NYSE:BIG) has a market capitalization of $149.16 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.