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 Performance
Shares of Big Lots stock traded up $0.53 during trading on Friday, hitting $23.68. 575,603 shares of the stock were exchanged, compared to its average volume of 993,410. The company has a current ratio of 1.52, a quick ratio of 0.19 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average price of $21.94 and a 200-day moving average price of $30.39. The stock has a market capitalization of $684.83 million, a price-to-earnings ratio of 10.81 and a beta of 1.97. Big Lots has a 1-year low of $18.16 and a 1-year high of $59.13.
Big Lots (NYSE:BIG - Get Rating) last announced its quarterly earnings results on Friday, May 27th. The company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($1.28). Big Lots had a return on equity of 7.25% and a net margin of 1.22%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm earned $2.62 EPS. Big Lots's quarterly revenue was down 15.4% compared to the same quarter last year. As a group, equities analysts predict that Big Lots will post -2.34 EPS for the current fiscal year.
Big Lots Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, June 9th. This represents a $1.20 dividend on an annualized basis and a yield of 5.07%. Big Lots's dividend payout ratio (DPR) is 54.79%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Telsey Advisory Group reduced their price objective on Big Lots from $32.00 to $30.00 and set a "market perform" rating for the company in a research report on Tuesday, May 31st. Bank of America lowered their price objective on shares of Big Lots from $31.00 to $25.00 and set an "underperform" rating on the stock in a report on Tuesday, May 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Big Lots from $31.00 to $23.00 in a report on Tuesday, May 31st. Piper Sandler lowered their price target on shares of Big Lots to $25.00 in a research note on Monday, May 30th. Finally, Loop Capital reduced their price objective on shares of Big Lots from $27.00 to $22.00 and set a "hold" rating for the company in a research note on Tuesday, June 21st. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, Big Lots has a consensus rating of "Hold" and an average target price of $24.63.