About Big Lots (NYSE:BIG)
Big Lots, Inc., through its subsidiaries, operates as a community 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. It also provides merchandise under the consumables category, which comprises health, beauty and cosmetics, plastics, paper, chemical, and pet departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and electronics, toys, and accessories category consisting of electronics, toys, jewelry, and hosiery departments. As of February 3, 2018, it operated 1,416 stores in 47 states. Big Lots, Inc. was founded in 1967 and is headquartered in Columbus, Ohio.
Industry, Sector and Symbol
Industry Variety stores
Sub-IndustryGeneral Merchandise Stores
SectorRetail/Wholesale
SymbolNYSE:BIG
CUSIP08930210
Phone614-278-6800
Debt
Debt-to-Equity Ratio0.25
Current Ratio1.65
Quick Ratio0.32
Price-To-Earnings
Trailing P/E Ratio9.29
Forward P/E Ratio9.04
P/E Growth0.67
Sales & Book Value
Annual Sales$5.27 billion
Price / Sales0.32
Cash Flow$7.1136 per share
Price / Cash5.81
Book Value$15.93 per share
Price / Book2.59
Profitability
EPS (Most Recent Fiscal Year)$4.45
Net Income$189.83 million
Net Margins3.23%
Return on Equity28.85%
Return on Assets10.62%
Miscellaneous
Employees34,800
Outstanding Shares40,340,000
Big Lots (NYSE:BIG) Frequently Asked Questions
What is Big Lots' stock symbol?
Big Lots trades on the New York Stock Exchange (NYSE) under the ticker symbol "BIG."
How often does Big Lots pay dividends? What is the dividend yield for Big Lots?
Big Lots announced a quarterly dividend on Friday, June 1st. Stockholders of record on Friday, June 15th will be given a dividend of $0.30 per share on Friday, June 29th. This represents a $1.20 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, June 14th. View Big Lots' Dividend History.
How will Big Lots' stock buyback program work?
Big Lots announced that its board has approved a stock buyback program on Friday, March 9th 2018, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.
How were Big Lots' earnings last quarter?
Big Lots, Inc. (NYSE:BIG) posted its earnings results on Friday, June, 1st. The company reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.19 by $0.24. The firm earned $1.27 billion during the quarter, compared to analysts' expectations of $1.28 billion. Big Lots had a net margin of 3.23% and a return on equity of 28.85%. The business's revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.15 EPS. View Big Lots' Earnings History.
When is Big Lots' next earnings date?
What guidance has Big Lots issued on next quarter's earnings?
Big Lots issued an update on its FY19 earnings guidance on Friday, June, 1st. The company provided earnings per share (EPS) guidance of $4.50-4.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.87. Big Lots also updated its Q2 guidance to $0.60-0.70 EPS.
What price target have analysts set for BIG?
16 brokerages have issued twelve-month target prices for Big Lots' shares. Their predictions range from $40.00 to $60.00. On average, they anticipate Big Lots' share price to reach $51.8571 in the next twelve months. View Analyst Ratings for Big Lots.
What are Wall Street analysts saying about Big Lots stock?
Here are some recent quotes from research analysts about Big Lots stock:
- 1. According to Zacks Investment Research, "Estimates have been declining ahead of Big Lot’s first-quarter fiscal 2018 earnings release. Moreover, shares of the same have declined and underperformed the industry in the past three months, courtesy to lower-than-expected comps and net sales in the final quarter of fiscal 2017. Soft first-quarter and full year view also hurt investor sentiment. We note that although, fiscal 2018 earnings are projected to improve, the metric was below the consensus estimate. Meanwhile, financing programs and soft home category continues to impress investors. Additionally, management has been expanding assortments in this category by including lawn and garden items, such as patio furniture, gazebos and gas grills. Also, gross margin that have witnessed a decline in the trailing two quarters expanded in the fourth quarter. However, challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance." (5/31/2018)
- 2. Barclays PLC analysts commented, "We estimate the midpoint of FY18 guidance implies EBIT of ~$280mn and ~$305mn after adding back tax reinvestment, or ~4-5% growth y/y, at/just below BIG’s long-term plan despite the freight headwinds. Soft comps in 4Q17 and in the 1Q18 outlook are understandable (e.g. weather, tax refund delays, Easter shift), and comps should build as the year progresses, helped by Store of the Future (SoF) remodels (~13% of stores in FY18; MSD-HSD comp lift), improved merchandising, and credit expansion (new items & simpler terms), but guidance on comps appears optimistic. We remain EW as we believe 1) the incremental benefit from initiatives will wane, 2) 4Q becomes more competitive each year (~50% of EBITDA), and 3) SoF remodels may only generate a 1x comp bump, will limit FCF, and have an uncertain ROI. Our new PT of $50 is based on a 5.0x EV/EBITDA multiple and FY19E EBITDA of $409mn (prior PT of $54 was based on a 5.3x EV/EBITDA multiple and our old FY18E EBITDA of $427mn)." (3/15/2018)
Who are some of Big Lots' key competitors?
Who are Big Lots' key executives?
Big Lots' management team includes the folowing people:
- Mr. David J. Campisi, CEO, Pres & Director (Leave of Absence) (Age 62)
- Mr. Timothy A. Johnson, Exec. VP, Chief Admin. Officer & CFO (Age 50)
- Ms. Lisa M. Bachmann, Exec. VP and Chief Merchandising & Operating Officer (Age 57)
- Mr. Ronald A. Robins Jr., Sr. VP, Gen. Counsel & Corp. Sec. (Age 54)
- Mr. Michael Allen Schlonsky, Exec. VP of HR & Store Operations (Age 51)
Has Big Lots been receiving favorable news coverage?
News coverage about BIG stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm rates the sentiment of media 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 positive one, with scores closest to one being the most favorable. Big Lots earned a news sentiment score of 0.02 on Accern's scale. They also assigned news headlines about the company an impact score of 46.40 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Big Lots' major shareholders?
Big Lots' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.94%), Wells Fargo & Company MN (5.87%), Dimensional Fund Advisors LP (3.48%), Nuveen Asset Management LLC (2.30%), Northern Trust Corp (2.04%) and Millennium Management LLC (2.00%). Company insiders that own Big Lots stock include Andrew D Stein, David J Campisi, Jeffrey Paul Berger, Lisa M Bachmann, Michael Allen Schlonsky, Philip E Mallott, Ronald A Robins Jr, Russell Solt and Timothy A Johnson. View Institutional Ownership Trends for Big Lots.
Which major investors are selling Big Lots stock?
BIG stock was sold by a variety of institutional investors in the last quarter, including Sei Investments Co., Wells Fargo & Company MN, Earnest Partners LLC, UBS Group AG, BNP Paribas Arbitrage SA, Allianz Asset Management GmbH, Allianz Asset Management GmbH and Prudential Financial Inc.. Company insiders that have sold Big Lots company stock in the last year include David J Campisi, Jeffrey Paul Berger, Lisa M Bachmann, Michael Allen Schlonsky, Ronald A Robins Jr, Russell Solt and Timothy A Johnson. View Insider Buying and Selling for Big Lots.
Which major investors are buying Big Lots stock?
BIG stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, JPMorgan Chase & Co., BlackRock Inc., Nuveen Asset Management LLC, Carillon Tower Advisers Inc., Loomis Sayles & Co. L P, Denver Investment Advisors LLC and Trexquant Investment LP. View Insider Buying and Selling for Big Lots.
How do I buy shares of Big Lots?
Shares of BIG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Big Lots' stock price today?
One share of BIG stock can currently be purchased for approximately $41.33.
How big of a company is Big Lots?
Big Lots has a market capitalization of $1.66 billion and generates $5.27 billion in revenue each year. The company earns $189.83 million in net income (profit) each year or $4.45 on an earnings per share basis. Big Lots employs 34,800 workers across the globe.
How can I contact Big Lots?
Big Lots' mailing address is 300 PHILLIPI ROAD P.O.BOX 28512, COLUMBUS OH, 43228. The company can be reached via phone at 614-278-6800 or via email at [email protected]
MarketBeat Community Rating for Big Lots (BIG)
MarketBeat's community ratings are surveys of what our community members think about Big Lots and other stocks. Vote "Outperform" if you believe BIG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BIG will underperform the S&P 500 over the long term. You may vote once every thirty days.
