In the last trading session, 1.03 million Big Lots Inc (NYSE:BIG) shares changed hands as the company’s beta touched 2.34. With the company’s per share price at $3.65 changed hands at -$0.25 or -6.41% during last session, the market valuation stood at $106.65M. BIG’s last price was a discount, traded about -236.16% off its 52-week high of $12.27. The share price had its 52-week low at $3.47, which suggests the last value was 4.93% up since then. When we look at Big Lots Inc’s average trading volume, we note the 10-day average is 1.23 million shares, with the 3-month average coming to 1.52 million.
Big Lots Inc (NYSE:BIG) trade information
Instantly BIG was in red as seen at the end of in last trading. With action -0.27%, the performance over the past five days has been red. The drop to weekly highs of 4.17 subtracted -6.41% to the stock’s daily price. The company’s shares are showing year-to-date downside of -53.15%, with the 5-day performance at -0.27% in the red. However, in the 30-day time frame, Big Lots Inc (NYSE:BIG) is -17.42% down. Looking at the short shares, we see there were 6.62 million shares sold at short interest cover period of 3.45 days.
Big Lots Inc (BIG) estimates and forecasts
Data shows that the Big Lots Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -24.43% over the past 6 months, a 6.81% in annual growth rate that is considerably lower than the industry average of 10.10%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Big Lots Inc will fall -14.70%, while the growth in revenue is estimated to hit 13.90% for the next quarter. Year-over-year growth is forecast to reach -5.20% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $1.04 billion. 6 analysts are of the opinion that Big Lots Inc’s revenue for the quarter ending Jul 2024 will be $1.08 billion. The company’s revenue for the corresponding quarters a year ago was $1.19 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -12.30%.
The 2024 estimates are for Big Lots Inc earnings to increase by 12.01%.
BIG Dividends
Big Lots Inc is expected to release its next quarterly earnings report between May 24 and May 28.
Big Lots Inc (NYSE:BIG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.24% of Big Lots Inc shares while 80.39% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.95%. There are 80.39% institutions holding the Big Lots Inc stock share, with FMR, LLC the top institutional holder. As of Jun 29, 2023, the company held 10.77% of the shares, roughly 3.14 million BIG shares worth $27.76 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.75% or 2.26 million shares worth $19.98 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were Fidelity Low-Priced Stock Fund and Vanguard Total Stock Market Index Fund. With 1.23 million shares estimated at $12.59 million under it, the former controlled 4.21% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.84% of the shares, roughly 0.83 million shares worth around $7.33 million.
