Big Lots, Inc. (NYSE:BIG) declared a quarterly dividend on Friday, December 7th, RTT News reports. Shareholders of record on Friday, December 14th will be paid a dividend of 0.30 per share on Friday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Thursday, December 13th.
Big Lots has raised its dividend by an average of 25.2% per year over the last three years and has increased its dividend every year for the last 3 years. Big Lots has a payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Big Lots to earn $4.77 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 25.2%.
NYSE:BIG opened at $31.00 on Friday. Big Lots has a 1 year low of $30.32 and a 1 year high of $64.42. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32. The company has a market capitalization of $1.61 billion, a PE ratio of 6.97, a PEG ratio of 1.03 and a beta of 0.95.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, December 7th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.15). Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Big Lots will post 4.44 EPS for the current year.
A number of analysts have commented on BIG shares. ValuEngine lowered shares of Big Lots from a “sell” rating to a “strong sell” rating in a report on Friday. Loop Capital lowered their target price on shares of Big Lots from $43.00 to $32.00 and set a “hold” rating for the company in a report on Friday. Bank of America started coverage on shares of Big Lots in a report on Monday, November 5th. They set a “buy” rating and a $56.00 target price for the company. Finally, Piper Jaffray Companies raised shares of Big Lots from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $43.00 to $53.00 in a report on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $50.81.
Big Lots Company Profile
Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, 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, and specialty foods departments.
Further Reading: Earnings Per Share (EPS) Explained
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