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 Wall Street analysts have issued 12 month price targets for Big Lots' stock. Their BIG share price forecasts range from $22.00 to $30.00. On average, they expect the company's stock price to reach $24.63 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price.
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Big Lots' stock was trading at $45.05 at the beginning of the year. Since then, BIG stock has decreased by 50.2% and is now trading at $22.45.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 26th 2022.
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Big Lots, Inc. (NYSE:BIG) posted its quarterly earnings results on Friday, May, 27th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by $1.28. The firm earned $1.37 billion during the quarter, compared to analysts' expectations of $1.46 billion. Big Lots had a trailing twelve-month 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 period in the prior year, the business earned $2.62 EPS.

Big Lots declared a quarterly dividend on Friday, May 27th. Shareholders of record on Friday, June 10th will be paid a dividend of $0.30 per share on Friday, June 24th. This represents a $1.20 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Thursday, June 9th.
Read our dividend analysis for BIG.

Big Lots (NYSE:BIG) pays an annual dividend of $1.20 per share and currently has a dividend yield of 5.49%. BIG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, BIG will have a dividend payout ratio of 80.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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Big Lots announced that its board has authorized a share buyback program on Friday, December 3rd 2021, which authorizes the company to buyback $250,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 17.5% of its stock through open market purchases. Stock buyback programs are generally a sign 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 institutional and retail investors. Top institutional investors include Border to Coast Pensions Partnership Ltd (4.65%), Landscape Capital Management L.L.C. (1.25%), Clifford Capital Partners LLC (1.25%), Victory Capital Management Inc. (1.24%), Principal Financial Group Inc. (0.61%) and Cambria Investment Management L.P. (0.58%). Insiders that own company stock include James R Chambers, Lisa M Bachmann, Marla C Gottschalk, Michael Allen Schlonsky, Nicholas E Padovano and Ronald A Robins Jr.
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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 $22.45.

Big Lots (NYSE:BIG) has a market capitalization of $649.19 million and generates $6.15 billion in revenue each year. The company earns $177.78 million in net income (profit) each year or $2.19 on an earnings per share basis.

The company employs 36,200 workers across the globe.

Big Lots was founded in 1967.

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.