Big Lots - BIG Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Big Lots in the last twelve months. There are currently 4 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street 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 target prices for Big Lots' stock. Their BIG share price forecasts range from $9.00 to $25.00. On average, they expect the company's stock price to reach $20.50 in the next year. This suggests a possible upside of 17.5% 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 61.3% and is now trading at $17.45.
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The company is scheduled to release its next quarterly earnings announcement on Friday, December 2nd 2022.
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Big Lots, Inc. (NYSE:BIG) posted its quarterly earnings data on Tuesday, August, 30th. The company reported ($2.28) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.39) by $0.11. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.34 billion. Big Lots had a negative net margin of 0.86% and a negative trailing twelve-month return on equity of 2.83%. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share.

Big Lots declared a quarterly dividend on Thursday, August 25th. Investors of record on Friday, September 9th will be given a dividend of $0.30 per share on Friday, September 23rd. This represents a $1.20 annualized dividend and a yield of 6.88%. The ex-dividend date is Thursday, September 8th.
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 6.76%. 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 repurchase program on Friday, December 3rd 2021, which allows the company to repurchase $250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 17.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors 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 a variety of retail and institutional investors. Top institutional investors include Econ Financial Services Corp (0.13%). 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 $17.45.

Big Lots (NYSE:BIG) has a market capitalization of $505.00 million and generates $6.15 billion in revenue each year. The company earns $177.78 million in net income (profit) each year or ($1.81) 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.