|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||8.85 - 8.85|
|52 Week Range||8.46 - 8.85|
|Beta (5Y Monthly)||0.09|
|PE Ratio (TTM)||17.12|
|Forward Dividend & Yield||0.34 (3.79%)|
|Ex-Dividend Date||Sep 28, 2020|
|1y Target Est||N/A|
Big Lots, Inc. (NYSE: BIG) today announced it will be participating in the BofA Securities 2021 Consumer and Retail Technology Conference, which will be a virtual event this year.
Big Lots’ shares increased almost 2.2% on March 5 as the retail company’s fiscal fourth-quarter profit surpassed analysts’ expectations. The 7.9% increase in comparable sales was the primary driver. Big Lots’ (BIG) 4Q adjusted earnings advanced 8.4% to $2.59 per share on a year-over-year basis and beat the Street estimates of $2.50 per share. Net sales increased 8.1% to $1.74 billion and met analysts’ expectations. The company’s gross margin was $685.2 million in the quarter, up 8.1% year-over-year. Selling and administrative expenses came in at $520.6 million, up 10.5%. Big Lots CEO Bruce Thorn commented, “During 2021, we will continue the roll-out of our Lot and Queue Line programs to the balance of our stores, expand our offerings under the Broyhill brand, further scale our greatly enhanced ecommerce capabilities, and accelerate new store openings.” For the fiscal first-quarter 2021, the company expects EPS to be in the range of $1.30 to $1.45, versus the consensus estimate of $1.33. Comparable sales are anticipated to increase by low-single-digits. (See Big Lots stock analysis on TipRanks) On Jan. 28, Loop Capital Markets analyst Anthony Chukumba downgraded the stock to Hold from Buy and maintained a price target of $60 (3.3% downside potential). The analyst said, “The rating change is driven by the stock’s valuation rather than a more bearish view of the company’s fundamentals.” The rest of the Street is sidelined on the stock with a Hold consensus rating based on 1 Buy, 4 Holds, and 1 Sell. The average analyst price target of $57 implies around 8% downside potential to current levels. Shares have increased 43.2% over the past six months. Related News: Nektar Posts Better-Than-Feared Quarterly Loss, Misses On Revenues Domino’s 4Q Results Miss Analysts’ Expectations; Shares Tank 7% Sage Posts Surprise Quarterly Profit As Sales Surge; Shares Pop 6% More recent articles from Smarter Analyst: CoStar Group Pulls Out Of Bid For CoreLogic; Shares Gain 5.5% DraftKings Becomes UFC’s First Sportsbook In US, Canada Cooper’s 1Q Results Beat The Street Consensus; Street Says Buy Amgen Inks $1.9B Deal To Buy Five Prime Therapeutics; Shares Pop 79%
Big Lots, Inc. (NYSE: BIG) today reported net income of $98.0 million, or $2.59 per diluted share, for the fourth quarter of fiscal 2020 ended January 30, 2021, which compares to the company's guidance, as provided on January 13, 2021, of $2.40 to $2.50 per diluted share. Net income for the fourth quarter of fiscal 2019 was $93.8 million, or $2.39 per diluted share. Net sales for the fourth quarter of fiscal 2020 totaled $1,738 million, an 8.1% increase compared to $1,607 million for the same period last year, with the growth resulting from a 7.9% increase in comparable sales, and sales growth from new and relocated non-comp stores, offset by a slightly lower average store count year-over-year.