Big Lots' digital sales channel, which only recently got off the ground, should grow to a significant portion of revenue over time, especially as consumers keep flocking to online shopping outlets.
Big Lots also said that comparable store sales ("comps") in the latest period gained 0.3%, noting that marked the twelfth consecutive quarter of flat or positive same-store results.
The topline results for the fourth quarter slipped to $ 1.58 billion from $ 1.58 billion in the same quarter past year. The company's 50-day moving average is $50.82 and its 200 day moving average is $49.78. "Throughout 2016, we were able to drive improved consistency in our business resulting in operating profit and EPS results meaningfully above our original plans and previous year". Zacks Investment Research lowered shares of Big Lots from a buy rating to a hold rating in a research report on Tuesday, December 6th.
Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, March 3rd.
Earlier in the week, Big Lots' board of directors OK'd a share buyback of up to $150 million in common shares. The stock has a consensus rating of "Hold" and a consensus target price of $54.42. The shares were sold at an average price of $52.00, for a total value of $780,000.00. This is a boost from Big Lots's previous quarterly dividend of $0.21. Oppenheimer Holdings has a "Outperform" rating and a $60.00 price target on the stock. The stock had a trading volume of 444,155 shares. The company reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.04. The stock has a market capitalization of $2.36B and it has 44.56M outstanding shares.
Big Lots ended the fiscal year with 1,432 stores in 47 states. Guggenheim Capital LLC now owns 89,222 shares of the company's stock worth $4,480,000 after buying an additional 33,555 shares in the last quarter.
For the current year, Big Lots now expects adjusted per-share earnings of $3.95 to $4.10. Bank of Montreal Can bought a new position in Big Lots during the second quarter worth $22,950,000. Following the transaction, the chief executive officer now directly owns 100,569 shares of the company's stock, valued at $5,229,588. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Dimensional Fund Advisors LP increased its position in Big Lots by 1.2% in the fourth quarter. This dividend is payable on March 31, to shareholders of record as of the close of business on March 17. Finally, Investec Asset Management LTD increased its position in Big Lots by 2.3% in the fourth quarter.
In the transaction dated November 22, 2016, the great number of shares disposed came courtesy the Senior Vice President; Stein Andrew D disposed a total of 5,000 shares at an average price of $53, amounting to approximately $265,000. Following the sale, the director now directly owns 25,202 shares in the company, valued at approximately $1,335,706. The disclosure for this sale can be found here. This represents a $0.84 annualized dividend and a dividend yield of 1.66%. 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. The ex-dividend date was Wednesday, December 14th.
The consensus estimate among Wall Street analysts was that Apple sold 4.9 million watches in the holiday sales quarter. USA company Fitbit sold 22.5 million wearable devices in 2016, accounting for 22 percent of the global total.
A swastika made of human feces, discovered in a dorm bathroom last week at the Rhode Island School of Design (RISD), has. Muslim activist Tarek El-Messidi, who had started a fund-raising campaign to help clean up the St.
According to reporters on the ground, little Russian flags with the word "TRUMP" on them were handed out. But as you saw throughout the entire campaign, and even now, the fake news doesn't tell the truth.
I haven't had that. "I'm definitely a bit weak". - McIlroy describing the stomach issues he suffered prior to the opening round. But I haven't eaten so I'm a little weak The positive news is that I didn't feel the rib at all. "And I don't often say that".
Additionally, reports do not indicate if the Bills would take on Siemian and Taylor, or if Siemian would be potential replacement. Tony Romo was not mentioned by name, but his situation could soon clarify with the Dallas Cowboys prepared to release him.
During the last trade, stock's minimum price has been reached out at $176.51 while the maximum trading price moved at $178.25. EPS growth in next year is estimated to reach 10.96% while EPS growth estimate for this year is set at -0.70%.
Fox News's "The O'Reilly Factor" this week featured a guest with inaccurate credentials, The Washington Post reported Saturday. The network said O'Reilly was expected to address the subject further on Monday's show.
The plaintiffs' lawyers alleged Nissan, for instance, switched to Takata air-bag inflaters to save $4 on each device. If exposed to sustained high temperatures and humidity, the chemical can deteriorate and burn too quickly.
Khateeb had obtained a visa to enter the United States , but had been detained earlier this week in Turkey for unknown reasons. Khatib, aside from carrying a camera for the film, is a White Helmet himself. "I look forward to meeting them all one day".
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The suspect then opened fire at the trooper and deputies before he was fatally shot, the Florida Highway Patrol said . A man died in a shootout with deputies from the Citrus County Sheriff's Office and Florida State Troopers on Sunday.