Big Lots, Inc. (NYSE:BIG) EVP Lisa M. Bachmann sold 19,352 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $42.36, for a total value of $819,750.72. Following the sale, the executive vice president now directly owns 111,034 shares of the company’s stock, valued at $4,703,400.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of BIG opened at $42.46 on Monday. The stock has a market capitalization of $1.67 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.98 and a beta of 2.39. Big Lots, Inc. has a twelve month low of $10.13 and a twelve month high of $44.90. The company has a 50 day moving average of $37.82 and a 200-day moving average of $27.17. The company has a quick ratio of 0.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.68.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, May 29th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.40 by $0.86. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.32 billion. Big Lots had a return on equity of 19.99% and a net margin of 5.05%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, sell-side analysts anticipate that Big Lots, Inc. will post 6.2 earnings per share for the current fiscal year.
BIG has been the subject of a number of research reports. Deutsche Bank increased their target price on Big Lots from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised Big Lots from an “underweight” rating to a “neutral” rating in a research note on Sunday, April 19th. Cfra increased their target price on Big Lots from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Jefferies Financial Group increased their target price on Big Lots from $55.00 to $75.00 in a research note on Monday, May 4th. Finally, Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating and set a $38.00 target price for the company. in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.00.
Big Lots Company Profile
Big Lots, Inc, through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, 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, and specialty foods departments.
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