|Bid||40.35 x 1400|
|Ask||41.76 x 1100|
|Day's Range||40.33 - 42.24|
|52 Week Range||10.13 - 44.90|
|Beta (5Y Monthly)||2.40|
|PE Ratio (TTM)||5.72|
|Earnings Date||Aug. 28, 2020 - Sep. 01, 2020|
|Forward Dividend & Yield||1.20 (2.97%)|
|Ex-Dividend Date||Jun. 11, 2020|
|1y Target Est||45.86|
The worst may be over and retailers may start seeing customers walking into stores again as both consumer confidence and consumer spending has started rebounding.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
As of late, it has definitely been a great time to be an investor of Big Lots
The continuation of robust demand since mid-April led Big Lots (BIG) to increase earnings view for second-quarter fiscal 2020.
Big Lots (BIG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Zacks Analyst Blog Highlights: Zoom Video Communications, Sprouts Farmers Market, BJ's Wholesale Club, Big Lots and Kroger
U.S. retail sales jump by a record 17.7% from April to May, easily topping the record 6.7% witnessed in October 2001, a month after the 9/11 terrorist attacks.
Off-price retailer Big Lots (NYSE: BIG) announced it has completed the $725 million sale-leaseback transaction for four of its distribution centers and is ready to use a portion of the proceeds from the deal to finance the repurchase of its shares. After expenses and taxes, the deal with Oak Street Real Estate Capital will leave Big Lots with net proceeds of $550 million. Big Lots also said it intends to fund new growth initiatives, but as markets settle and normalize, it also plans to use the money to buy back its stock.
On Tuesday, Big Lots (NYSE: BIG) issued an encouraging operating update as part of its announcement that it has raised over $500 million in cash. The home furnishings retailer said comparable-store sales are "up strongly" in the fiscal second quarter to date and are running well ahead of management's expectations through the first two weeks of June. In late May, Big Lots said comps jumped 10% in the fiscal first quarter, which ended on May 2.
Big Lots (BIG) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
As fears of a second wave of coronavirus grip markets, same-day delivery for groceries and other essential items may become a more viable option, at least in the immediate future.
Big Lots (BIG) gains from transformational efforts and e-commerce channel. Also, its store initiatives and cost-containment endeavors bode well.
Big Lots, Inc. (BIG) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
A new pact, announced today, between privately held grocery delivery company Instacart and multi-department retailer Big Lots (NYSE: BIG) will see household goods and groceries alike available for same-day delivery from approximately 1,400 Big Lots stores. The program, launched during a time of social distancing and consumer reluctance to shop in crowded retail areas because of COVID-19, will operate in all 47 U.S. states where Big Lots has a physical store presence. Big Lots is one of the few businesses trading above the stock market value it had prior to the coronavirus pandemic.