Big Lots, Inc. (NYSE:BIG) Short Interest Update

Big Lots, Inc. (NYSE:BIGGet Rating) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 7,760,000 shares, a decline of 9.9% from the October 15th total of 8,610,000 shares. Currently, 27.8% of the shares of the company are sold short. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 6.6 days.

Big Lots Stock Up 0.8 %

Shares of BIG opened at $17.97 on Friday. The firm has a 50 day moving average price of $18.18 and a 200-day moving average price of $22.13. Big Lots has a fifty-two week low of $15.16 and a fifty-two week high of $50.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.17 and a current ratio of 1.43.

Big Lots (NYSE:BIGGet Rating) last posted its quarterly earnings results on Tuesday, August 30th. The company reported ($2.28) EPS for the quarter, beating analysts’ consensus estimates of ($2.39) by $0.11. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. Big Lots had a negative net margin of 0.86% and a negative return on equity of 2.83%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. As a group, research analysts forecast that Big Lots will post -4.76 earnings per share for the current year.

Big Lots Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend was Thursday, September 8th. Big Lots’s payout ratio is -66.30%.

Hedge Funds Weigh In On Big Lots

Large investors have recently added to or reduced their stakes in the company. Citigroup Inc. increased its position in Big Lots by 1.2% in the first quarter. Citigroup Inc. now owns 30,213 shares of the company’s stock worth $1,045,000 after purchasing an additional 347 shares during the last quarter. Cetera Advisor Networks LLC increased its position in Big Lots by 8.0% in the first quarter. Cetera Advisor Networks LLC now owns 6,633 shares of the company’s stock worth $230,000 after purchasing an additional 489 shares during the last quarter. Hussman Strategic Advisors Inc. increased its position in Big Lots by 0.6% in the first quarter. Hussman Strategic Advisors Inc. now owns 78,000 shares of the company’s stock worth $2,699,000 after purchasing an additional 500 shares during the last quarter. US Bancorp DE boosted its stake in Big Lots by 32.5% during the first quarter. US Bancorp DE now owns 2,053 shares of the company’s stock worth $71,000 after buying an additional 503 shares during the period. Finally, Verity Asset Management Inc. boosted its stake in Big Lots by 5.5% during the first quarter. Verity Asset Management Inc. now owns 12,759 shares of the company’s stock worth $441,000 after buying an additional 662 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BIG shares. JPMorgan Chase & Co. increased their price objective on shares of Big Lots from $8.00 to $9.00 in a research note on Friday, September 16th. Telsey Advisory Group dropped their price objective on shares of Big Lots from $30.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, August 26th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Big Lots from $23.00 to $18.00 in a research report on Wednesday, August 24th. StockNews.com began coverage on shares of Big Lots in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group reissued a “sell” rating and set a $20.00 price target on shares of Big Lots in a research report on Wednesday, August 31st. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, Big Lots presently has an average rating of “Hold” and a consensus target price of $20.50.

Big Lots Company Profile

(Get Rating)

Big Lots, Inc, through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, specialty foods, and pet departments.

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