The Director Of Big Lots Inc. (BIG) Purchased 4,300 Shares

As of Thursday close, Big Lots Inc.’s (NYSE:BIG) stock was up $2.42, moving up 7.81 percent to $33.39. The average number of shares traded per day over the past five days has been 1,302,040 shares. 2 times new highs have been achieved over the past 5 days, with a $1.76 gain in that time frame. In the last twenty days, the average volume was 1,036,910, while in the previous 50 days, it was 1,216,836.

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Since last month, BIG stock retreated -4.90%. Shares of the company fell to $29.73 on 05/06/22, the lowest level in the past month. A 52-week high of $73.23 was reached on 01/05/22 after having rallying from a 52-week low of $29.73. Since the beginning of this year, BIG’s stock price has dropped by -25.88% or -$11.66, and marked a new high 3 times. However, the stock has declined by -54.40% since its 52-week high.

Big Lots Inc. (BIG) last reported insider trading activity 37 days ago on Apr 06. Padovano Nicholas E, the Executive Vice President of the company, disposed of 4,300 shares for $34.30 on Apr 06. It resulted in a $147,490 divestment by the insider. Padovano Nicholas E sold 3,500 shares at an average price of $34.82 on Apr 01. The insider now owns 25,841 shares following the transaction. On Mar 22, Executive Vice President Padovano Nicholas E sold 900 shares at $38.39 apiece. The transaction was valued at $34,551.

Valuation Metrics

Right now, Big Lots Inc. (BIG) has a P/E ratio of about 6.41. The stock’s beta is 2.13. Besides these, the trailing price-to-sales (P/S) ratio of 0.16, the price-to-book (PB) ratio of 0.99.

The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30. On Friday March 9 2018, a $0.05 dividend increase was announced.

Financial Health

In the three months ended October 30, Big Lots Inc.’s quick ratio stood at 0.20, while its current ratio was 1.30, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 39.00% percent. In the year ended October 30, operating margins totaled 3.90%. Based on annual data, BIG earned $2.4 billion in gross profit and brought in $6.15 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.30%. Return on equity (ROE) for the past 12 months was 15.90%.

In Big Lots Inc.’s quarter-end financial report for October 30, it reported total debt of $3.5 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BIG’s revenue fell -0.34% to $1.34 billion during the quarter, while net income inched up to $1.73 billion. While analysts expected Big Lots Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.14 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated -$91.69 million in EBITDA. The liabilities of Big Lots Inc. were 2.92 billion at the end of its most recent quarter ended October 30, and its total debt was $1.81 billion. The value of shareholders’ equity is $28.56 million.

Technical Picture

This quick technical analysis looks at Big Lots Inc.’s (BIG) price momentum. With a historical volatility rate of 84.05%, the RSI 9-day stood at 50.54% on 12 May.

With respect to its five-day moving average, the current Big Lots Inc. price is up by +5.56% percent or $1.76. At present, BIG shares trade -7.63% below its 20-day simple moving average and -21.53% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.48% below its SMA50 and -43.95% below its SMA200.

Stochastic coefficient K was 36.70% and Stochastic coefficient D was 32.11%, while ATR was 2.26. Given the Stochastic reading of 65.32% for the 14-day period, the RSI (14) reading has been calculated as 48.37%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.36.

Analyst Ratings

Telsey Advisory Group reiterated its a Market perform rating on Big Lots Inc. (NYSE: BIG) in a note to investors. The analysts firm has however raised their price target to $50, representing a possible 37.0% increase in the stock price. Big Lots Inc. (BIG) has been rated Underweight by analysts. According to 3 brokerage firms, BIG is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Big Lots Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $36.00, the current consensus forecast for the stock is $25.00 – $50.00. Based on these forecasts, analysts predict Big Lots Inc. (BIG) will achieve an average price target of $37.56.


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