Equities analysts expect Big Lots, Inc. (NYSE:BIG) to post sales of $1.57 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Big Lots’ earnings. The lowest sales estimate is $1.44 billion and the highest is $1.63 billion. Big Lots posted sales of $1.25 billion during the same quarter last year, which would indicate a positive year over year growth rate of 25.6%. The business is scheduled to announce its next earnings results on Friday, September 4th.

On average, analysts expect that Big Lots will report full year sales of $5.91 billion for the current financial year, with estimates ranging from $5.67 billion to $6.00 billion. For the next fiscal year, analysts forecast that the business will report sales of $5.65 billion, with estimates ranging from $5.44 billion to $5.87 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Big Lots.

Big Lots (NYSE:BIG) last issued 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 firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.32 billion. Big Lots had a net margin of 5.05% and a return on equity of 19.99%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share.

BIG has been the subject of a number of research reports. Goldman Sachs Group initiated coverage on shares of Big Lots in a research note on Monday, May 18th. They issued a “neutral” rating and a $25.00 price target for the company. Piper Sandler increased their price target on shares of Big Lots from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating and set a $38.00 price target for the company. in a research note on Wednesday, May 27th. Loop Capital raised shares of Big Lots from a “hold” rating to a “buy” rating in a research note on Monday, June 29th. Finally, Telsey Advisory Group raised shares of Big Lots from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $20.00 to $31.00 in a research note on Monday, May 4th. One research 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. Big Lots currently has a consensus rating of “Hold” and a consensus price target of $38.00.

A number of institutional investors and hedge funds have recently made changes to their positions in BIG. Norges Bank purchased a new stake in shares of Big Lots during the fourth quarter valued at approximately $14,681,000. Balyasny Asset Management LLC grew its holdings in shares of Big Lots by 283.6% during the first quarter. Balyasny Asset Management LLC now owns 680,774 shares of the company’s stock valued at $9,681,000 after buying an additional 503,295 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Big Lots by 3,533.3% during the first quarter. Sunbelt Securities Inc. now owns 468,117 shares of the company’s stock valued at $10,400,000 after buying an additional 455,233 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Big Lots during the first quarter valued at approximately $6,054,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Big Lots during the fourth quarter valued at approximately $7,180,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Shares of NYSE:BIG traded down $0.31 during midday trading on Wednesday, hitting $40.06. 1,097,740 shares of the stock traded hands, compared to its average volume of 2,003,708. The stock has a market capitalization of $1.57 billion, a PE ratio of 5.67, a P/E/G ratio of 0.94 and a beta of 2.39. The business’s 50 day moving average is $35.60 and its two-hundred day moving average is $26.07. 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 has a one year low of $10.13 and a one year high of $44.90.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Thursday, June 11th. Big Lots’s dividend payout ratio (DPR) is presently 32.70%.

About Big Lots

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 d├ęcor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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