Big Lots Inc (NYSE: BIG) stock jumped 2.46% on Friday to $4.16 against a previous-day closing price of $4.06. With 1.19 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.72 million shares. During the session, the Discount Stores company that operates in wider Consumer Defensive sector, reached to the highest price of $4.2301 whereas the lowest price it dropped to was $4.0400. The 52-week range on BIG shows that it touched its highest point at $20.04 and its lowest point at $3.47 during that stretch. It currently has a 1-year price target of $6.47. With its current market cap of 121.43 million, BIG has annualized dividend of $0.30 while the current yield stands at 7.21%. Beta for the stock currently stands at 2.27.
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 11.53%, but this was down by -11.49% over a month. Three-month performance dropped to -38.37% while six-month performance fell -47.21%. The stock lost -76.66% in the past year, while it has lost -71.70% so far this year. A look at the trailing 12-month EPS for BIG yields -19.65 with Next year EPS estimates of -7.73. For the next quarter, that number is -4.68. This implies an EPS growth rate of -89.52% for this year and 31.54% for next year.
Float and Shares Shorts:
At present, 28.96 million BIG shares are outstanding with a float of 27.19 million shares on hand for trading. On Oct 30, 2023, short shares totaled 8.28 million, which was 28.37% higher than short shares on Sep 28, 2023. In addition to Mr. Bruce K. Thorn as the firm’s CEO, President & Director, Mr. Jonathan E. Ramsden serves as its Executive VP, CFO & Chief Administrative Officer.
Institutional Ownership:
Through their ownership of 100.96% of BIG’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BIG since 0 analysts follow the stock currently. 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 $8.50 and a low target of $4.00, the average target price over the next 12 months is $6.47. Based on these targets, BIG could surge 104.33% to reach the target high and fall by -3.85% to reach the target low. Reaching the average price target will result in a growth of 55.53% from current levels.
Summary of Insider Activity:
Insiders traded BIG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 1,237,815 while 53,462 shares were sold.
