Big Lots, Inc. (BIG) Given a $60.00 Price Target by Oppenheimer Holdings, Inc. Analysts
Big Lots, Inc. (NYSE:BIG) has been assigned a $60.00 price target by analysts at Oppenheimer Holdings, Inc. in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Oppenheimer Holdings, Inc.’s target price would suggest a potential upside of 20.94% from the company’s previous close.
Several other research firms have also weighed in on BIG. Zacks Investment Research lowered Big Lots from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Citigroup Inc. reaffirmed a “buy” rating and issued a $62.00 price objective (up from $61.00) on shares of Big Lots in a research note on Friday, June 9th. BidaskClub lowered Big Lots from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Finally, ValuEngine lowered Big Lots from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $58.18.
Big Lots (BIG) opened at 49.61 on Friday. The firm’s 50-day moving average is $49.35 and its 200-day moving average is $49.41. Big Lots has a 52-week low of $42.40 and a 52-week high of $56.54. The stock has a market cap of $2.19 billion, a P/E ratio of 13.47 and a beta of 0.85.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.05. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Big Lots had a return on equity of 29.88% and a net margin of 3.20%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. Equities research analysts predict that Big Lots will post $4.20 earnings per share for the current year.
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In other Big Lots news, CEO David J. Campisi sold 28,875 shares of Big Lots stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the sale, the chief executive officer now directly owns 225,018 shares in the company, valued at approximately $11,259,900.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa M. Bachmann sold 40,000 shares of Big Lots stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $51.00, for a total value of $2,040,000.00. Following the sale, the insider now owns 48,089 shares in the company, valued at $2,452,539. The disclosure for this sale can be found here. Insiders have sold a total of 70,975 shares of company stock worth $3,593,055 over the last 90 days. 1.70% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd increased its stake in Big Lots by 17.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 12,880 shares of the company’s stock valued at $622,000 after buying an additional 1,897 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Big Lots by 1.6% in the second quarter. Public Employees Retirement System of Ohio now owns 23,978 shares of the company’s stock valued at $1,158,000 after buying an additional 369 shares in the last quarter. Dean Capital Management increased its stake in Big Lots by 51.7% in the second quarter. Dean Capital Management now owns 65,815 shares of the company’s stock valued at $3,179,000 after buying an additional 22,430 shares in the last quarter. Sterling Capital Management LLC increased its stake in Big Lots by 21.7% in the second quarter. Sterling Capital Management LLC now owns 15,655 shares of the company’s stock valued at $756,000 after buying an additional 2,794 shares in the last quarter. Finally, 361 Capital LLC increased its stake in Big Lots by 94.4% in the second quarter. 361 Capital LLC now owns 35,574 shares of the company’s stock valued at $1,718,000 after buying an additional 17,278 shares in the last quarter.
Big Lots Company Profile
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
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