Big Lots - BIG Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Big Lots in the last year. There are currently 4 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BIG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BIG, but not buy additional shares or sell existing shares.
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8 analysts have issued 12 month price targets for Big Lots' shares. Their BIG share price forecasts range from $9.00 to $25.00. On average, they expect the company's share price to reach $16.11 in the next year. This suggests a possible upside of 41.1% from the stock's current price.
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Big Lots' stock was trading at $14.70 at the beginning of the year. Since then, BIG stock has decreased by 22.3% and is now trading at $11.42.
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Big Lots saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 9,070,000 shares, an increase of 7.1% from the February 13th total of 8,470,000 shares. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is presently 7.4 days. Currently, 32.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 26th 2023.
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Big Lots, Inc. (NYSE:BIG) posted its earnings results on Thursday, March, 2nd. The company reported ($0.28) earnings per share for the quarter, topping analysts' consensus estimates of ($0.69) by $0.41. The company earned $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. Big Lots had a negative net margin of 3.85% and a negative trailing twelve-month return on equity of 20.12%. Big Lots's revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 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 annualized dividend and a yield of 10.51%. The ex-dividend date of this dividend is Thursday, March 16th.
Read our dividend analysis for BIG.

ETFs with the largest weight of Big Lots (NYSE:BIG) stock in their portfolio include SPDR S&P Retail ETF (XRT), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Direxion Daily Retail Bull 3X Shares (RETL), Cultivar ETF (CVAR), Cambria Shareholder Yield ETF (SYLD), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS).

Big Lots (NYSE:BIG) pays an annual dividend of $1.20 per share and currently has a dividend yield of 9.88%. BIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for BIG.

Big Lots announced that its board has initiated a stock buyback program on Friday, December 3rd 2021, which permits the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 17.5% of its shares through open market purchases. Shares buyback programs 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 Ninety One UK Ltd (6.03%), Dimensional Fund Advisors LP (5.33%), LSV Asset Management (3.42%), Morgan Stanley (2.51%), Clifford Capital Partners LLC (2.05%) and Arrowstreet Capital Limited Partnership (2.04%). Insiders that own company stock include James R Chambers, Lisa M Bachmann, Michael Allen Schlonsky and Nicholas E Padovano.
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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 $11.42.

Big Lots (NYSE:BIG) has a market capitalization of $330.72 million and generates $5.47 billion in revenue each year. The company earns $-210,710,000.00 in net income (profit) each year or ($7.29) on an earnings per share basis.

The company employs 36,200 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.