Big Lots Inc (NYSE:BIG) has a beta value of 2.36 and has seen 1.04 million shares traded in the last trading session. The company, currently valued at $110.16M, closed the last trade at $3.77 per share which meant it gained $0.12 on the day or 3.29% during that session. The BIG stock price is -225.46% off its 52-week high price of $12.27 and 7.96% above the 52-week low of $3.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.14 million shares traded. The 3-month trading volume is 1.50 million shares.
Big Lots Inc (NYSE:BIG) trade information
Sporting 3.29% in the green in last session, the stock has traded in the red over the last five days, when the BIG stock price touched $3.77 or saw a rise of 17.86%. Year-to-date, Big Lots Inc shares have moved -51.60%, while the 5-day performance has seen it change -12.93%. Over the past 30 days, the shares of Big Lots Inc (NYSE:BIG) have changed -25.05%. Short interest in the company has seen 6.86 million shares shorted with days to cover at 3.73.
Big Lots Inc (BIG) estimates and forecasts
Figures show that Big Lots Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -9.16% over the past 6 months, with this year growth rate of 6.81%, compared to 8.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -14.70% and 13.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be -5.20%.
6 analysts offering their estimates for the company have set an average revenue estimate of $1.04 billion for the current quarter. 6 have an estimated revenue figure of $1.08 billion for the next quarter concluding in Jul 2024.
BIG Dividends
Big Lots Inc is expected to release its next earnings report between May 24 and May 28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Big Lots Inc (NYSE:BIG)’s Major holders
Insiders own 6.63% of the company shares, while shares held by institutions stand at 80.19% with a share float percentage of 85.89%. Investors are also buoyed by the number of investors in a company, with Big Lots Inc having a total of 181 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 3.14 million shares worth more than $27.76 million. As of Jun 29, 2023, FMR, LLC held 10.77% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 2.26 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $19.98 million and represent 7.75% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Low-Priced Stock Fund and Vanguard Total Stock Market Index Fund. As of Jul 30, 2023, the former fund manager holds about 4.21% shares in the company for having 1.23 million shares of worth $12.59 million while later fund manager owns 0.83 million shares of worth $7.33 million as of Jun 29, 2023, which makes it owner of about 2.84% of company’s outstanding stock.
