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Published: Mon, March 06, 2017
Economy | By Melissa Porter

Big Lots, Inc. (BIG) Upgraded to "Buy" at the Zacks Investment Research


Big Lots updated its Q1 guidance to $0.95-1.05 EPS and its FY18 guidance to $3.95-4.10 EPS.

Several research firms have recently commented on BIG. Oppenheimer Holdings, Inc. restated an "outperform" rating and set a $60.00 price target on shares of Big Lots in a report on Monday, December 5th.

Big Lots (BIG) reported strong fourth-quarter earnings and bullish guidance Friday, sending the stock soaring past a buy point at the open. MKM Partners reaffirmed a "buy" rating and issued a $60.00 price target on shares of Big Lots in a report on Thursday, December 1st. They set a "buy" rating and a $64.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots, Inc. with MarketBeat.com's FREE daily email newsletter. Vanguard Group Inc owns $262.13 million in Big Lots, Inc., which represents roughly 11.55% of the company's market cap and approximately 9% of the institutional ownership.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, December 2nd. The firm's 50-day moving average is $52.28 and its 200-day moving average is $50.15.

Big Lots (NYSE:BIG) traded up 3.79% during midday trading on Friday, hitting $54.23. The business earned $1.11 billion during the quarter. Big Lots had a return on equity of 27.08% and a net margin of 3.02%.

If we have a peek on EPS and surprise factor history during last four quarters, for the previous quarter ended on 10/2016, the consensus mean EPS was $-0.02 while Big Lots, Inc. "I am proud of our team and the accomplishments of 2016 and the last three years as we have made significant progress, in a very short period of time, repositioning our business for long-term success".

"Big Lots, Inc. Forecasted to Post Q1 2018 Earnings of $0.86 Per Share (BIG)" was first published by Community Financial News and is the sole property of of Community Financial News.

The close-out retailer also boosted its dividend and initiated a new share buyback program. Stockholders of record on Friday, December 16th were issued a dividend of $0.21 per share. Comparable-store sales grew 0.3% during the quarter.

Revenue fell 0.3% to $1.58 billion. Big Lots's dividend payout ratio is 26.01%. The shares were sold at an average price of $52.00, for a total transaction of $780,000.00. Following the completion of the sale, the chief executive officer now directly owns 100,569 shares in the company, valued at $5,229,588. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip E. Mallott sold 10,000 shares of Big Lots stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $53.00, for a total transaction of $530,000.00. Following the sale, the director now directly owns 25,202 shares in the company, valued at approximately $1,335,706. LSV Asset Management is the second biggest holder with 2 million shares now valued at 117.04 million whilst BlackRock Fund Advisors has 2 million shares valued at 110.52 million. Finally, Boston Advisors LLC acquired a new position in shares of Big Lots during the second quarter worth about $5,142,000. In 2016, the company bought back $250 million worth of its stock. The ex-dividend date was Wednesday, December 14th. The company indicates a peak revenue level of $1.59B and $1.58B at bottom level.

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