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Tuesday, December 5, 2023

Big Lots Inc (NYSE: BIG) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Big Lots Inc (BIG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.21%, to $4.68. The Big Lots Inc has recorded 13,563 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Black Friday is Every Friday at Big Lots With Up To 50% Off Deals Now Through Dec. 22.

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Stocks Info

Big Lots Inc is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Discount Stores industry. At the end of the last regular session, the stock closed at $4.67 and fluctuated between $4.7800 as its day high and $4.4500 as its day low. The current market capitalization of Big Lots Inc is $136.32M. A total of 1.28 million shares were traded on the day, compared to an average of 1.68M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BIG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 34 BUYs and 15 SELLs from insiders. Insiders purchased 1,237,815 shares during that period but sold 56,047.

In the most recent transaction, Robins Ronald A Jr bought 10,000 shares of BIG for 5.00 per share on Jun 01. After the transaction, the Executive Vice President now owns 169,897 company shares. In a previous transaction on Jun 01, Schlonsky Michael Allen bought 10,000 shares at 4.88 per share. BIG shares that Executive Vice President owns now total 194,207.

Among the insiders who bought shares, DiGrande Sebastian acquired of 3,000 shares on Jun 01 at a per-share price of $4.97. This resulted in the Director holding 41,733 shares of BIG after the transaction. In another insider transaction, THORN BRUCE K bought 51,000 shares at $4.85 per share on May 31. Company shares held by the President & CEO now total 670,042.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BIG in the last 3 months, the mean price target is $6.47 with high estimates of $8.50 and low estimates of $4.00. In terms of 52-week highs and lows, BIG has a high of $20.91 and a low of $3.73.

As of this writing, BIG has an earnings estimate of -$4.64 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$4.13 per share and a lower estimate of -$5.1. The company reported an EPS of -$3.4 in the last quarter, which was -86.80% lower than expectations of -$1.82.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $10.48, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

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. 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 2.13.

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