Big Lots Inc (NYSE: BIG) is -47.50% lower on its value in year-to-date trading and has touched a low of $3.47 and a high of $12.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BIG stock was last observed hovering at around $3.66 in the last trading session, with the day’s gains setting it 0.43%.
Currently trading at $4.09, the stock is -9.53% and -22.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 11.75% at the moment leaves the stock -34.71% off its SMA200. BIG registered -64.19% loss for a year compared to 6-month loss of -20.89%. The firm has a 50-day simple moving average (SMA 50) of $0.52 and a 200-day simple moving average (SMA200) of -$11.70.
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The stock witnessed a -4.66% gain in the last 1 month and extending the period to 3 months gives it a -41.40%, and is 2.51% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.05% over the week and 10.56% over the month.
Big Lots Inc (BIG) has around 32200 employees, a market worth around $119.51M and $4.72B in sales. Profit margin for the company is -10.20%. Distance from 52-week low is 17.87% and -67.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.88%).
Big Lots Inc quarterly earnings per share for the current quarter are estimated at -$3.77 with sales reaching $1.04B over the same period.The EPS is expected to grow by 8.79% this year, but quarterly earnings will post -6.00% year-over-year. Quarterly sales are estimated to shrink -12.50% in year-over-year returns.
182 institutions hold shares in Big Lots Inc (BIG), with institutional investors hold 83.95% of the company’s shares. The shares outstanding are 28.96M, and float is at 27.22M with Short Float at 24.32%. Institutions hold 80.39% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 2.78 million shares valued at $11.35 million. The investor’s holdings represent 9.50% of the BIG Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 2.3 million shares valued at $9.41 million to account for 7.87% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 1.54 million shares representing 5.28% and valued at over $6.31 million, while Clifford Capital Partners LLC holds 3.43% of the shares totaling 1.0 million with a market value of $4.1 million.
Big Lots Inc (BIG) Insider Activity
The most recent transaction is an insider purchase by McCormick Christopher J, the company’s Director. SEC filings show that McCormick Christopher J bought 12,000 shares of the company’s common stock on Dec 01 ’23 at a price of $6.29 per share for a total of $75480.0. Following the purchase, the insider now owns 50733.0 shares.
Big Lots Inc disclosed in a document filed with the SEC on Jun 01 ’23 that Robins Ronald A Jr (Executive Vice President) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Jun 01 ’23 and was made at $5.00 per share for $50050.0. Following the transaction, the insider now directly holds 0.17 million shares of the BIG stock.
Still, SEC filings show that on Jun 01 ’23, Schlonsky Michael Allen (Executive Vice President) acquired 10,000 shares at an average price of $4.88 for $48800.0. The insider now directly holds 194,207 shares of Big Lots Inc (BIG).
