On Tuesday, Big Lots, Inc. (NYSE: BIG) announced the publication of its quarterly results report. According to RTT News, the company’s quarterly profits per share came in at $2.28, which is $0.19 higher than the market analyst’s prediction of $2.47 for profit per share. The final total for sales for the period was $1.35 billion, which was greater than the average prediction of $1.34 billion for the amount of money that would be made during the period. Big Lots had a return on equity of 7.25 percent and a net margin of 1.22 percent; these figures represent the company’s profitability. The total revenue for the quarter was lower by 7.6% as compared to the same quarter the previous year. During the same period the prior year, the company generated $1.09 per share earnings. The stock of Big Lots is an attractive investment choice at the moment. These are the tiers of the game. NASDAQ BIG began trading at $21.55 on Tuesday. During the past year, Big Lots’ stock price reached an all-time low of $18.16 per share and an all-time high of $52.19 per share. Currently, the debt-to-equity ratio stands at 0.28, the quick ratio stands at 0.19, and the current ratio sits at 1.52. The moving average over the past 50 days for the company is $22.17, and the moving average over the past 200 days is $29.04. The company has a market capitalization of $623.23 million, a price-to-earnings ratio of 9.84, and a beta value of 1.97.
In addition, the corporation just announced a quarterly dividend, scheduled to be distributed on Friday, September 23rd. The dividend payment will be $0.30 per share, and The company will distribute it to shareholders of record on Friday, September 9th. This coming Thursday, September 8, is the ex-dividend date for the dividend that will be distributed. Consequently, the yield comes to 5.57%, and the annual dividend is $1.20. The dividend payout percentage for Big Lots now stands at 54.79%. When it comes to large lots, short coverage typically begins. Several different research professionals have released recent reports on the stock.
In a report published on Tuesday, June 21st, Loop Capital decreased its target price on Big Lots stock from $27.00 to $22.00 and gave the company a “hold” rating. In a research note published on May 10th, JPMorgan Chase & Co. announced that they were lowering their price objective on Big Lots from $31.00 to $25.00. In a report that was made public by Barclays on Friday, June 10th, the target price for Big Lots was reduced from $27.00 to $22.00. Additionally, the company was given an “underweight” rating by Barclays. In a research note published on Friday, Telsey Advisory Group decreased its price goal for Big Lots from $30.00 to $23.00. The firm evaluated the business as “market perform,” It assigned Big Lots a price objective of $23.00. In a research study made public on the 24th of August by Deutsche Bank Aktiengesellschaft, the target price for Big Lots was decreased from $23.00 to $18.00. The stock has been given a rating of “keep” by five experts on investing while selling it has been urged by four of them. Bloomberg reports that the current average rating for Big Lots is “Hold” and that the consensus price objective for the company is $23.13. Recently, several significant investors’ interests in BIG have shifted in unexpected directions.
During the second quarter, Thrivent Financial for Lutherans increased the percentage of Big Lots shares it owned by 12.9%. After purchasing an additional 3,195 shares over the preceding quarter, Thrivent Financial for Lutherans now possesses 28,057 shares of the company, which have an aggregate value of $588,000. MetLife Investment Management LLC increased its holdings in Big Lots by 58.5% over the year’s first three months. MetLife Investment Management LLC now has a total of 16,782 shares in the firm, valued at $581,000 thanks to the acquisition of an additional 6,194 shares during that period. Royal Bank of Canada increased its holdings in Big Lots by 49.2 percent during the first three months of 2018. After purchasing an additional 5,358 shares during the most recent quarter, Royal Bank of Canada now has a total of 16,256 shares of the company, which is worth a combined total of $522,000. AlphaCrest Capital Management LLC acquired a new position in Big Lots during the first quarter for a purchase price of about $390,000. The last news is that during the second quarter, BNP Paribas Arbitrage SA increased its holdings in Big Lots by 6.9%. BNP Paribas Arbitrage SA now owns 18,533 shares of the company’s stock, valued at $389,000, after purchasing 1,193 more during the most recent quarter. Information pertaining to the Big Lots company The Three Best Performers Among Small-Cap Dividend Increasers Big Lots, Inc. is a discount retailer of home goods in the United States. This business is run via the company’s subsidiaries. The company sells a wide range of products, including furniture, mattresses, case goods, and ready-to-assemble items; seasonal goods, like patio furniture, gazebos, Christmas trim, and other holiday goods; soft home goods, like fashion and utility bedding; bath, window, decorative textile, home organization, area rugs, home décor, and frames; and food goods, like fashion and utility bedding.