Big Lots Inc (NYSE:BIG)’s traded shares stood at 1.3 million during the last session, with the company’s beta value hitting 2.33. At the close of trading, the stock’s price was $4.33, to imply an increase of 5.10% or $0.21 in intraday trading. The BIG share’s 52-week high remains $12.27, putting it -183.37% down since that peak but still an impressive 19.86% since price per share fell to its 52-week low of $3.47. The company has a valuation of $126.52M, with an average of 1.24 million shares in intraday trading volume over the past 10 days and average of 1.50 million shares over the past 3 months.
Big Lots Inc (NYSE:BIG) trade information
After registering a 5.10% upside in the last session, Big Lots Inc (BIG) has traded red over the past five days. The stock hit a weekly high of 4.39, jumping 5.10% in its intraday price action. The 5-day price performance for the stock is 7.71%, and -19.37% over 30 days. With these gigs, the year-to-date price performance is -44.42%. Short interest in Big Lots Inc (NYSE:BIG) saw shorts transact 6.86 million shares and set a 3.73 days time to cover.
Big Lots Inc (BIG) estimates and forecasts
Looking at statistics comparing Big Lots Inc share performance against respective industry, we note that the company has underperformed competitors. Big Lots Inc (BIG) shares are -4.20% down over the last 6 months, with its year-to-date growth rate lower than industry average at 6.81% against 10.00%. Revenue is forecast to shrink -14.70% this quarter before jumping 13.90% for the next one. The rating firms project that company’s revenue will shrink -5.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is $1.04 billion. Meanwhile, for the quarter ending Jul 2024, a total of 6 analyst(s) estimate revenue growth to $1.08 billion.
BIG Dividends
Big Lots Inc has its next earnings report out between May 24 and May 28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Big Lots Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Big Lots Inc (NYSE:BIG)’s Major holders
Big Lots Inc insiders hold 6.67% of total outstanding shares, with institutional holders owning 80.37% of the shares at 86.11% float percentage. In total, 80.37% institutions holds shares in the company, led by FMR, LLC. As of Jun 29, 2023, the company held over 3.14 million shares (or 10.77% of shares), all amounting to roughly $27.76 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 2.26 million shares, or about 7.75% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $19.98 million.
We also have Fidelity Low-Priced Stock Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Big Lots Inc (BIG) shares. Going by data provided on Jul 30, 2023, Fidelity Low-Priced Stock Fund holds roughly 1.23 million shares. This is just over 4.21% of the total shares, with a market valuation of $12.59 million. Data from the same date shows that the other fund manager holds a little less at 0.83 million, or 2.84% of the shares, all valued at about 7.33 million.
