Big Lots (BIG) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Big Lots in the last twelve months. There are currently 4 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" BIG shares.
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7 Wall Street analysts have issued 1 year price targets for Big Lots' stock. Their BIG share price forecasts range from $5.00 to $22.00. On average, they expect the company's share price to reach $10.50 in the next twelve months. This suggests a possible upside of 109.2% from the stock's current price.
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Big Lots' stock was trading at $14.70 at the beginning of 2023. Since then, BIG shares have decreased by 65.9% and is now trading at $5.02.
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Big Lots saw a increase in short interest in April. As of April 30th, there was short interest totaling 10,810,000 shares, an increase of 10.5% from the April 15th total of 9,780,000 shares. Based on an average daily volume of 1,480,000 shares, the short-interest ratio is currently 7.3 days. Currently, 39.8% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023.
View our BIG earnings forecast.

Big Lots, Inc. (NYSE:BIG) issued its earnings results on Friday, May, 26th. The company reported ($3.40) earnings per share for the quarter, missing the consensus estimate of ($1.84) by $1.56. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.19 billion. Big Lots had a negative trailing twelve-month return on equity of 34.74% and a negative net margin of 7.78%. Big Lots's revenue for the quarter was down 18.3% on a year-over-year basis. During the same period last year, the firm earned ($0.39) EPS.

Big Lots announced a quarterly dividend on Tuesday, February 28th. Stockholders 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 23.90%. 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), Cambria Shareholder Yield ETF (SYLD), Cultivar ETF (CVAR), 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 22.22%. 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 of Directors has initiated a share repurchase program on Friday, December 3rd 2021, which permits the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 17.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.58%), Ninety One UK Ltd (5.71%), State Street Corp (5.68%), Dimensional Fund Advisors LP (5.00%), Clifford Capital Partners LLC (2.75%) and LSV Asset Management (2.42%). Insiders that own company stock include James R Chambers, Lisa M Bachmann, Michael Allen Schlonsky and Nicholas E Padovano.
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 $5.02.

Big Lots (NYSE:BIG) has a market capitalization of $145.73 million and generates $5.47 billion in revenue each year. The company earns $-210,710,000.00 in net income (profit) each year or ($14.00) 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.