News stories about Big Lots (NYSE:BIG) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Big Lots earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.3830435820252 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Big Lots: Moving Higher (seekingalpha.com)
- Why Cloudera, Inc. Stock Fell 14.3% in September (fool.com)
- Big Lots, Inc. (BIG) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Big Lots grand opening brings cash to schools (bradfordera.com)
- Big Lots, Inc. (BIG) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
Shares of Big Lots (NYSE BIG) opened at 52.82 on Wednesday. Big Lots has a one year low of $42.40 and a one year high of $56.54. The stock has a 50 day moving average price of $50.05 and a 200 day moving average price of $49.14. The stock has a market capitalization of $2.24 billion, a P/E ratio of 13.69 and a beta of 0.96.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, August 25th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts forecast that Big Lots will post $4.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date was Thursday, September 7th. Big Lots’s dividend payout ratio is presently 26.04%.
A number of equities research analysts have issued reports on the company. Piper Jaffray Companies set a $52.00 price objective on Big Lots and gave the company a “hold” rating in a research report on Sunday, October 1st. Zacks Investment Research downgraded Big Lots from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub upgraded Big Lots from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. set a $60.00 price objective on Big Lots and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, ValuEngine upgraded Big Lots from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $57.83.
In related news, CEO David J. Campisi sold 96,940 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the transaction, the chief executive officer now directly owns 99,203 shares in the company, valued at $5,257,759. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa M. Bachmann sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $51.00, for a total value of $2,040,000.00. Following the completion of the sale, the insider now directly owns 48,089 shares in the company, valued at approximately $2,452,539. The disclosure for this sale can be found here. Insiders sold 171,517 shares of company stock worth $8,906,771 over the last quarter. 1.70% of the stock is currently owned by insiders.
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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