Big Lots Inc [BIG] stock prices are down -4.20% to $3.65 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value.
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On 1, April 2024, Big Lots Bolsters Global Product Sourcing with Launch of Asia-based Buying Offices. In a post published today on Yahoo Finance, Big Lots enhances its competitiveness to source products, including closeout deals and other extreme bargains, with two new Asia-based buying offices.
From an analyst’s perspective:
Big Lots Inc [NYSE: BIG] stock has seen the most recent analyst activity on February 12, 2024, when Loop Capital downgraded its rating to a Sell and also revised its price target to $1 from $6. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on December 12, 2023, and elevated its price target to $7. On November 28, 2023, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $5.50 on the stock. Piper Sandler downgraded its rating to a Underweight and decreased its price target to $7 on April 21, 2023. Credit Suisse initiated its recommendation with a Underperform and recommended $15 as its price target on December 20, 2022. Telsey Advisory Group reiterated a Market Perform rating for this stock on December 02, 2022, and downed its price target to $20. In a note dated February 28, 2022, Telsey Advisory Group reiterated an Market Perform rating on this stock and revised its target price from $53 to $50.
The stock price of Big Lots Inc [BIG] has been fluctuating between $3.47 and $12.27 over the past year. Currently, Wall Street analysts expect the stock to reach $16.88 within the next 12 months. Big Lots Inc [NYSE: BIG] shares were valued at $3.65 at the most recent close of the market. An investor can expect a potential return of 362.47% based on the average BIG price forecast.
Analyzing the BIG fundamentals
The Big Lots Inc [NYSE:BIG] reported sales of 4.72B for trailing twelve months, representing a drop of -7.17%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -1.32 and Total Capital is -0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.56 points at the first support level, and at 3.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.83, and for the 2nd resistance point, it is at 4.00.
Big Lots Inc [BIG] reported earnings per share of -$0.28 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.23/share, meaning a difference of -$0.05 and a surprise factor of -21.70%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were -$4.38 per share as compared to estimates of -$4.66 per share, a difference of $0.28 representing a surprise of 6.00%.
Ratios To Look Out For
It’s worth pointing out that Big Lots Inc [NYSE:BIG]’s Current Ratio is 1.31. As well, the Quick Ratio is 0.16, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.02, the price to book ratio is 0.34.
Transactions by insiders
Recent insider trading involved McCormick Christopher J, Director, that happened on Dec 01 ’23 when 12000.0 shares were purchased. Executive Vice President, Robins Ronald A Jr completed a deal on Jun 01 ’23 to buy 10000.0 shares. Meanwhile, Executive Vice President Schlonsky Michael Allen bought 10000.0 shares on Jun 01 ’23.
