Analyst Expects Big Lots Inc. (NYSE: BIG) To Make Big Moves

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Big Lots Inc. (BIG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.25%, to $8.07. The Big Lots Inc. has recorded 13,479 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Big Lots to Report First Quarter Results on May 26, 2023.

Stocks Info

Big Lots Inc. is listed on the NYSE in the Consumer Defensive sector while operating in the Discount Stores industry. At the end of the last regular session, the stock closed at $8.05 and fluctuated between $8.42 as its day high and $7.94 as its day low. The current market capitalization of Big Lots Inc. is $237.31M. A total of 1.42 million shares were traded on the day, compared to an average of 1.56M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BIG has seen 20 BUY and 14 SELL insider trades, representing the acquisition of 963,180 and the disposition of 53,462 shares. Over the last 12 months, there were 31 BUYs and 16 SELLs from insiders. Insiders purchased 1,031,462 shares during that period but sold 59,252.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. BIG’s most recent ex-dividend date was 3/16/2023 when it declared a $0.30 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/28/2022 with an ex-dividend date of 12/13/2022. The BIG stock dividend was $0.30 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BIG in the last 3 months, the mean price target is $12.00 with high estimates of $16.00 and low estimates of $7.00. In terms of 52-week highs and lows, BIG has a high of $32.25 and a low of $7.61.

As of this writing, BIG has an earnings estimate of -$1.77 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.57 per share and a lower estimate of -$2.13. The company reported an EPS of -$2.99 in the last quarter, which was -1.70% lower than expectations of -$2.94.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. BIG’s latest balance sheet shows that the firm has $53.72M in Cash & Short Term Investments as of fiscal 2022. There were $1.82B in debt and $1.12B in liabilities at the time. Its Book Value Per Share was $26.38, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BIG is Buy with a score of 2.00.