The legal version of this article can be accessed at https://www.com-unik.info/2017/03/04/big-lots-inc-forecasted-to-post-q1-2018-earnings-of-0-86-per-share-big.html.
"I'm pleased to report a solid fourth quarter in what was a very hard retail environment", said Big Lots CEO David Campisi in a release. ( BIG ), a discount and closeout retailer, on Friday said it expects first-quarter income in the range of $0.95 to $1.05 per share, representing a 16% to 28% increase from last year's adjusted income of $0.82 per share. The business earned $1.11 billion during the quarter. Big Lots, Inc. The firm has a 50-day moving average price of $50.82 and a 200 day moving average price of $49.78.
Adjusted earnings improved more than expected, rising 21% for the full year to $3.64 per share.
At the end of 12/31/2016 reporting period, 180 institutional holders increased their position in Big Lots, Inc.
Big Lots (NYSE:BIG) traded up 3.79% during midday trading on Friday, hitting $54.23.
According to Zacks, "Despite a competitive retail landscape, Big Lots has emerged as a strong contender". The shares were sold at an average price of $52.00, for a total transaction of $780,000.00. This is a boost from Big Lots's previous quarterly dividend of $0.21. On next day when data was publically announced, the stock's closing price was $50.34 with 14.10% gain in its share price. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.05. The stock has a market cap of $2.31 billion, a PE ratio of 15.44 and a beta of 0.89. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.04.
Big Lots extended its three-year streak of avoiding negative comparable-store sales, with comps ticking up but by less than 0.5%. Big Lots updated its Q1 guidance to $0.95-1.05 EPS and its FY18 guidance to $3.95-4.10 EPS. State Street Corp increased its position in Big Lots by 1.7% in the fourth quarter. Following the sale, the chief executive officer now owns 100,569 shares of the company's stock, valued at $5,229,588. LSV Asset Management is the second biggest holder with 2 million shares now valued at 117.04 million whilst BlackRock Fund Advisors has 2 million shares valued at 110.52 million.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Finally, Boston Advisors LLC acquired a new position in shares of Big Lots during the second quarter worth about $5,142,000. Also, Director Philip E. Mallott sold 10,000 shares of the firm's stock in a transaction on Thursday, February 9th. Insiders own 1.60% of the company's stock.
Revenue fell 0.3% to $1.58 billion. The shares were sold at an average price of $53.00, for a total value of $530,000.00. The disclosure for this sale can be found here. The ex-dividend date of this dividend is Wednesday, March 15th. The third largest holder is Lsv Asset Management, which now holds $119.67 million worth of this stock and that ownership represents almost 5.27% of its market capitalization.