Investors in cash trouble should check out Big Lots Inc. (BIG)

Big Lots Inc. (NYSE: BIG) stock jumped 3.23% on Wednesday to $19.82 against a previous-day closing price of $19.20. With 1.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.14 million shares. During the session, the Discount Stores company that operates in wider Consumer Defensive sector, reached to the highest price of $20.04 whereas the lowest price it dropped to was $19.03. The 52-week range on BIG shows that it touched its highest point at $50.87 and its lowest point at $15.16 during that stretch. It currently has a 1-year price target of $19.25. With its current market cap of 571.01 million, BIG has annualized dividend of $1.20 while the current yield stands at 6.05%. Beta for the stock currently stands at 1.99.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BIG was up-trending over the past week, with a rise of 11.22%, but this was up by 19.47% over a month. Three-month performance dropped to -15.15% while six-month performance fell -33.78%. The stock lost -58.18% in the past year, while it has lost -56.00% so far this year. A look at the trailing 12-month EPS for BIG yields -1.80 with Next year EPS estimates of 1.09. For the next quarter, that number is -3.06. This implies an EPS growth rate of -66.90% for this year and 123.90% for next year. EPS is expected to decline by -10.91% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.90%.

Float and Shares Shorts:

At present, 28.92 million BIG shares are outstanding with a float of 28.16 million shares on hand for trading. On Oct 13, 2022, short shares totaled 8.61 million, which was 29.76% higher than short shares on Sep 14, 2022. In addition to Mr. Bruce K. Thorn as the firm’s CEO, Pres & Director, Mr. Jonathan E. Ramsden serves as its Exec. VP, CFO & Chief Admin. Officer.

Institutional Ownership:

Through their ownership of 122.32% of BIG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 67.73% of BIG, in contrast to 37.00% held by mutual funds. Shares owned by individuals account for 24.83%. As the largest shareholder in BIG with 15.54% of the stake, BlackRock Fund Advisors holds 4,498,664 shares worth 4,498,664. A second-largest stockholder of BIG, Fidelity Management & Research Co, holds 3,377,967 shares, controlling over 11.67% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in BIG, holding 3,203,376 shares or 11.07% stake. With a 7.40% stake in BIG, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,141,268 shares are owned by the mutual fund manager. The Fidelity Low Priced Stock Fund, which owns about 6.03% of BIG stock, is the second-largest Mutual Fund holder. It holds 1,744,938 shares valued at 32.93 million. Border to Coast Global Equity Alp holds 3.86% of the stake in BIG, owning 1,118,157 shares worth 21.1 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BIG since 9 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BIG analysts setting a high price target of $26.00 and a low target of $9.00, the average target price over the next 12 months is $19.50. Based on these targets, BIG could surge 31.18% to reach the target high and fall by -54.59% to reach the target low. Reaching the average price target will result in a decline of -1.61% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BIG will report FY 2023 earnings on 03/03/2023. Analysts have provided yearly estimates in a range of -$3.37 being high and -$5.50 being low. For BIG, this leads to a yearly average estimate of -$4.56. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Big Lots Inc. surprised analysts by $0.19 when it reported -$2.28 EPS against a consensus estimate of -$2.47. The surprise factor in the prior quarter was -$1.34. Based on analyst estimates, the high estimate for the next quarter is -$2.62 and the low estimate is -$3.88. The average estimate for the next quarter is thus -$3.06.

Summary of Insider Activity:

Insiders traded BIG stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 3,205 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 465,146 while 181,703 shares were sold.

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