Big Lots, Inc., through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, 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, specialty foods, and pet departments. It also provides merchandise under the consumables category, which comprises health, beauty and cosmetics, plastics, paper, and chemical departments; hard home category, including small appliances, tabletops, and food preparation and stationery products; home maintenance and organization products; toys; and accessories category consisting of apparel, electronics, jewelry, apparel, and hosiery departments. As of January 29, 2022, it operated 1,431 stores in 47 states and an e-commerce platform. Big Lots, Inc. was founded in 1967 and is headquartered in Columbus, Ohio.
Big Lots Stock Up 2.2 %
Shares of NYSE:BIG traded up $0.53 on Monday, hitting $24.21. 24,655 shares of the company traded hands, compared to its average volume of 1,314,212. The stock has a 50 day simple moving average of $21.94 and a 200-day simple moving average of $30.26. The company has a quick ratio of 0.19, a current ratio of 1.52 and a debt-to-equity ratio of 0.28. The company has a market cap of $700.08 million, a PE ratio of 10.81 and a beta of 1.97. Big Lots has a 52 week low of $18.16 and a 52 week high of $59.13.
Big Lots (NYSE:BIG - Get Rating) last issued its earnings results on Friday, May 27th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($1.28). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.46 billion. Big Lots had a return on equity of 7.25% and a net margin of 1.22%. The company's quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.62 EPS. As a group, research analysts expect that Big Lots will post -2.34 earnings per share for the current year.
Big Lots Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.96%. Big Lots's dividend payout ratio (DPR) is 54.79%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on BIG. Loop Capital decreased their price target on Big Lots from $27.00 to $22.00 and set a "hold" rating for the company in a research note on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Big Lots from $31.00 to $23.00 in a research note on Tuesday, May 31st. JPMorgan Chase & Co. dropped their price objective on Big Lots from $31.00 to $25.00 in a research note on Tuesday, May 10th. Bank of America cut their target price on Big Lots from $31.00 to $25.00 and set an "underperform" rating for the company in a research note on Tuesday, May 24th. Finally, Piper Sandler reduced their price target on Big Lots to $25.00 in a research report on Monday, May 30th. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $24.63.