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' shares. 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 year. This suggests a possible upside of 4.0% from the stock's current price.
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Big Lots' stock was trading at $45.05 at the beginning of 2022. Since then, BIG stock has decreased by 47.4% and is now trading at $23.68.
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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) released its 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 company had revenue of $1.37 billion for the quarter, compared to the consensus estimate 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 business's quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter last year, the business posted $2.62 earnings per share.

Big Lots declared a quarterly dividend on Friday, May 27th. Investors of record on Friday, June 10th will be given 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 5.07%. The ex-dividend date of this dividend 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 5.18%. 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 of Directors has authorized a stock buyback program on Friday, December 3rd 2021, which allows the company to buyback $250,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 17.5% of its stock through open market purchases. Stock buyback programs are generally 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 number of retail and institutional investors. Top institutional shareholders include FMR LLC (14.36%), Border to Coast Pensions Partnership Ltd (4.65%), Northern Trust Corp (2.35%), Landscape Capital Management L.L.C. (1.25%), Clifford Capital Partners LLC (1.25%) and Victory Capital Management Inc. (1.24%). 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 $23.68.

Big Lots (NYSE:BIG) has a market capitalization of $684.83 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.