Big Lots Inc (NYSE: BIG) Has Been Falling -63.96% Since The Beginning Of The Year. Troubles Ahead?

During the last session, Big Lots Inc (NYSE:BIG)’s traded shares were 1.03 million, with the beta value of the company hitting 2.35. At the end of the trading day, the stock’s price was $3.95, reflecting an intraday loss of -2.95% or -$0.12. The 52-week high for the BIG share is $12.27, that puts it down -210.63 from that peak though still a striking 12.15% gain since the share price plummeted to a 52-week low of $3.47. The company’s market capitalization is $115.42M, and the average intraday trading volume over the past 10 days was 1.17 million shares, and the average trade volume was 1.50 million shares over the past three months.

Big Lots Inc (NYSE:BIG) trade information

Big Lots Inc (BIG) registered a -2.95% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.95% in intraday trading to $3.95, hitting a weekly high. The stock’s 5-day price performance is 8.22%, and it has moved by -24.62% in 30 days. Based on these gigs, the overall price performance for the year is -63.96%. The short interest in Big Lots Inc (NYSE:BIG) is 6.86 million shares and it means that shorts have 3.73 day(s) to cover.

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Big Lots Inc (BIG) estimates and forecasts

Statistics show that Big Lots Inc has underperformed its competitors in share price, compared to the industry in which it operates. Big Lots Inc (BIG) shares have gone down -16.14% during the last six months, with a year-to-date growth rate less than the industry average at 6.81% against 10.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -14.70% this quarter and then jump 13.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -5.20% compared to the previous financial year.

Revenue for the current quarter is expected to be $1.04 billion as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $1.08 billion by the end of Jul 2024.

While earnings are projected to return 12.01% in 2024.

BIG Dividends

Big Lots Inc is due to release its next quarterly earnings between May 24 and May 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Big Lots Inc (NYSE:BIG)’s Major holders

Big Lots Inc insiders own 6.63% of total outstanding shares while institutional holders control 80.41%, with the float percentage being 86.12%. FMR, LLC is the largest shareholder of the company, while 181 institutions own stock in it. As of Jun 29, 2023, the company held over 3.14 million shares (or 10.77% of all shares), a total value of $27.76 million in shares.

The next largest institutional holding, with 2.26 million shares, is of Blackrock Inc.’s that is approximately 7.75% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $19.98 million.

Also, the Mutual Funds coming in first place with the largest holdings of Big Lots Inc (BIG) shares are Fidelity Low-Priced Stock Fund and Vanguard Total Stock Market Index Fund. Data provided on Jul 30, 2023 indicates that Fidelity Low-Priced Stock Fund owns about 1.23 million shares. This amounts to just over 4.21 percent of the company’s overall shares, with a $12.59 million market value. The same data shows that the other fund manager holds slightly less at 0.83 million, or about 2.84% of the stock, which is worth about $7.33 million.