Oppenheimer Weighs in on Big Lots, Inc.’s Q1 2019 Earnings (BIG)

Big Lots, Inc. (NYSE:BIG) – Equities researchers at Oppenheimer issued their Q1 2019 EPS estimates for Big Lots in a research report issued to clients and investors on Wednesday. Oppenheimer analyst B. Nagel expects that the company will earn $1.35 per share for the quarter. Oppenheimer has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Big Lots’ Q2 2019 earnings at $0.78 EPS and Q3 2019 earnings at $0.04 EPS.

Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, December 1st. The company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business posted $0.04 earnings per share. The company’s revenue was up .5% on a year-over-year basis.

BIG has been the topic of several other reports. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Raymond James Financial reiterated a “buy” rating and set a $67.00 price target on shares of Big Lots in a research report on Saturday, December 2nd. Citigroup set a $69.00 price target on Big Lots and gave the company a “buy” rating in a research report on Tuesday, December 5th. KeyCorp reiterated a “buy” rating and set a $58.00 price target on shares of Big Lots in a research report on Friday, November 10th. Finally, ValuEngine upgraded Big Lots from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.64.

Shares of Big Lots (NYSE:BIG) traded down $0.10 on Thursday, hitting $57.37. The stock had a trading volume of 1,368,834 shares, compared to its average volume of 899,647. Big Lots has a 12-month low of $45.10 and a 12-month high of $60.20. The company has a market capitalization of $2,415.62, a PE ratio of 13.88, a PEG ratio of 1.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.24 and a current ratio of 1.66.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, December 14th. Big Lots’s dividend payout ratio (DPR) is 25.58%.

In other Big Lots news, insider Timothy A. Johnson sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $55.00, for a total value of $1,100,000.00. Following the completion of the sale, the insider now owns 65,649 shares of the company’s stock, valued at $3,610,695. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Paul Berger sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $58.00, for a total value of $348,000.00. Following the completion of the sale, the director now directly owns 7,566 shares of the company’s stock, valued at approximately $438,828. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale boosted its stake in Big Lots by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock worth $144,000 after buying an additional 1,255 shares in the last quarter. Whittier Trust Co. purchased a new stake in Big Lots in the third quarter worth approximately $178,000. First Quadrant L P CA purchased a new stake in Big Lots in the third quarter worth approximately $182,000. Oppenheimer & Co. Inc. purchased a new stake in Big Lots in the third quarter worth approximately $200,000. Finally, Csenge Advisory Group purchased a new stake in Big Lots in the third quarter worth approximately $218,000.

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About Big Lots

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.

Earnings History and Estimates for Big Lots (NYSE:BIG)

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