Headlines about Big Lots (NYSE:BIG) have trended positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Big Lots earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.7923161944822 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Wednesday, January 31st. Loop Capital restated a “buy” rating and issued a $70.00 target price on shares of Big Lots in a research report on Monday, January 29th. Oppenheimer restated a “market perform” rating on shares of Big Lots in a research report on Wednesday, January 10th. Citigroup cut shares of Big Lots from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 10th. They noted that the move was a valuation call. Finally, UBS Group cut shares of Big Lots from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $62.40.
Big Lots (NYSE:BIG) opened at $56.04 on Wednesday. The stock has a market cap of $2,360.00, a P/E ratio of 14.30, a P/E/G ratio of 0.82 and a beta of 0.99. Big Lots has a 12-month low of $45.10 and a 12-month high of $64.42. The company has a current ratio of 1.66, a quick ratio of 0.24 and a debt-to-equity ratio of 0.66.
In related news, Director Jeffrey Paul Berger sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $58.00, for a total transaction of $348,000.00. Following the completion of the transaction, the director now directly owns 7,566 shares in the company, valued at approximately $438,828. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Timothy A. Johnson sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the sale, the insider now directly owns 65,649 shares in the company, valued at $3,610,695. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
Big Lots Company Profile
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.