Why did Big Lots stock drop today?
Big Lots stock drops after profit misses expectations but sales top forecasts, after a 'tough' January. Shares of Big Lots Inc.
Why is Big Lots down?
Shares of Big Lots (BIG 7.02%) are falling today, down by 4% as of 12:41 p.m. EDT, after the discount retailer posted underwhelming earnings for its fiscal second quarter of 2021.
Is Big Lots in financial trouble?
Based on the latest financial disclosure, Big Lots has a Probability Of Bankruptcy of 20.0%. This is 44.72% lower than that of the Consumer Defensive sector and 3.47% lower than that of the Discount Stores industry. The probability of bankruptcy for all United States stocks is 49.79% higher than that of the company.
Is Big Lots a good stock to buy?
The Big Lots Inc stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock.
Why is Big Lots so undervalued?
The pandemic-driven demand gave Big Lots the perfect chance to become more efficient in managing inventories. Given the lower projected demand in the coming quarters, some of the inventory might be impaired, and end up in losses for the company and its shareholders. Something that has already happened not too long ago.
Is Big Lots doing well?
Big Lots BIG –1.04% stock fell almost 5% in premarket trading after the discount retailer posted a net loss for the third quarter of 2021, and provided a downbeat earnings outlook for the current quarter as it grapples with ongoing supply issues.
Who did Big Lots buyout?
Liquidation World Inc.On July 19, 2011, Big Lots announced that it had purchased Liquidation World Inc., a Canadian closeout retailer with 89 locations. The cost of the acquisition was $20 million in cash and the assumption of certain liabilities.
Why is Big Lots successful?
Big Lots has access to advanced analytics, KPIs and reporting which has led to developments such as lost sales analysis, helping the retailer better plan for the next season.
How many Big Lots stores are there in the US?
Headquartered in Columbus, Ohio, Big Lots, Inc. is a community retailer operating more than 1,400 Big Lots stores in 47 states, dedicated to friendly service, trustworthy value, and affordable solutions in every season and category – furniture, food, décor, and more.
Will BIG stock go up?
Based on our forecasts, a long-term increase is expected, the "BIG" stock price prognosis for 2027-06-16 is 31.736 USD. With a 5-year investment, the revenue is expected to be around +46.52%. Your current $100 investment may be up to $146.52 in 2027.
What should I buy at Big Lots?
10 Items Worth Buying at Big LotsCoffee. I'm not drinking coffee like I usually do (since I'm expecting), but my husband drinks a k-cup every morning. ... Bubble Bath. ... Greeting Cards. ... Gourmet and International Food Items. ... Bob's Red Mill Goods. ... Previous Packaging of Name Brand Items. ... Picture Frames and Wall Art. ... Kitchen Gadgets.More items...•
Is BBIO a good stock to buy?
The consensus among 4 Wall Street analysts covering (NASDAQ: BBIO) stock is to Strong Buy BBIO stock.
Mixed results left the retail chain reeling today. Here's what investors need to know
What happened
As a technology and consumer goods specialist for the Fool, Steve looks for responsible businesses that positively shape our lives. Then he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.
So what
Shares of Big Lots Inc. ( NYSE:BIG) dropped 10.1% on Friday after the retail chain delivered mixed fiscal results relative to expectations for the fiscal fourth quarter ended Feb. 3, 2018.
Now what
Even so, during the subsequent conference call, Big Lots COO Lisa Bachmann called it a "good" quarter given its strong earnings and progress toward longer-term goals.
Earnings Preview: Big Lots (BIG) Q4 Earnings Expected to Decline
It's also worth noting that Big Lots simultaneously increased its quarterly dividend 20% to $0.30 per share, and the company announced a new $100 million share repurchase authorization.
Border to Coast Pensions Partnership Ltd Buys PayPal Holdings Inc, Big Lots Inc, Fiserv Inc, ..
Big Lots (BIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
There was a lot to like in the company's quarterly report, but lack of guidance may have sunk investor confidence
Investment company Border to Coast Pensions Partnership Ltd (Current Portfolio) buys PayPal Holdings Inc, Big Lots Inc, Fiserv Inc, NOV Inc, Mastercard Inc, sells Peloton Interactive Inc, Alliance Data Systems Corp, Alibaba Group Holding, M&T Bank Corp, Canada Goose Holdings Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Border to Coast Pensions Partnership Ltd..
What happened
I've been a contributor with the Motley Fool since 2019 and it's been a supreme joy to try to help make the world a little smarter, happier, and richer every day. What's great about exploring business and the economy is the insight it gives you into how things are in the world.
So what
Shares of discount-retailer Big Lots ( NYSE:BIG) fell on Friday after the company reported results for the third quarter of 2020. It's actually hard to find much to nitpick from the third-quarter report, but perhaps management's lack of forward guidance was enough to shake out low-conviction investors. As of 12:30 p.m.
Now what
In Q3, Big Lots reported revenue of almost $1.4 billion, up 18% year over year. On the bottom line, the company reported net income of $30 million. This breaks down to $0.76 in earnings per share (EPS), ahead of guidance. Management had guided for EPS of $0.50 to $0.70.
The stock is up big in 2020 which may be sparking some profit-taking, but it's a questionable move given the company's results
Big Lots today also declared a dividend of $0.30 per share, which puts the current dividend yield over 2%. That's a good dividend. And the stock trades at a trailing price-to-earnings ratio under three. That's a really low valuation. Remember, the company is in the middle of a strategic turnaround.
What happened
I've been a contributor with the Motley Fool since 2019 and it's been a supreme joy to try to help make the world a little smarter, happier, and richer every day. What's great about exploring business and the economy is the insight it gives you into how things are in the world.
So what
Shares of Big Lots ( NYSE:BIG) fell on Friday, after the company reported results for the second quarter of 2020. The quarterly results were actually among the best in company history. But with the stock already trading at its highest price in the past two years, it seems investors are content to take some profits off the table.
Now what
In Q2, Big Lots' net sales grew 31% year over year to $1.25 billion. By generally accepted accounting principles ( GAAP ), it earned $11.29 per share -- which looks eye-poppingly impressive next to the mere $0.16 it earned last year. The GAAP earnings include $8.75 per share of a one-time benefit from a sale-leaseback transaction.
BIG stock took a major hit after disappointing fourth quarter same-store sales
From a retail business perspective, it's fair to question how Big Lots will perform in coming quarters. In Q2, furniture sales contributed the biggest dollar amount to its revenue growth. Logically, a furniture-sales increase is only temporary, and will mitigate in coming quarters.
BIG Stock Pullback Seemed Inevitable
Big Lots, Inc. (NYSE: BIG) beat fourth quarter earnings estimates on Friday and raised its quarterly dividend by 20%. But considering the instant 10% drop in BIG stock, investors seemed to ignore those positives.
Short-Term Value, Long-Term Churn
On the surface, that seems harsh, and perhaps a classic case of investor overreaction and over-punishment in the wake of bad news. In the coming days, I fully expect more than a few bargain buyers to swoop in and snatch up BIG stock at eight-month lows.