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Big Lots said on February 28, 2023 that its board of directors declared a regular
quarterly dividend of $0.30 per share ($1.20 annualized).
Previously, the company paid $0.30 per share.
Shares must be purchased before the ex-div date of March 16, 2023 to qualify for the dividend.
Shareholders of record as of March 17, 2023
will receive the payment on March 31, 2023.
At the current share price of $14.98 / share,
the stock’s dividend yield is 8.01%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.78%,
the lowest has been 1.70%,
and the highest has been 11.28%.
The standard deviation of yields is 1.72 (n=237).
The current dividend yield is
2.46 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is -0.16.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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Analyst Price Forecast Suggests 0.89% Downside
As of March 6, 2023,
the average one-year price target for Big Lots is $14.85.
The forecasts range from a low of $9.09 to a high of $21.00.
The average price target represents a decrease of 0.89% from its latest reported closing price of $14.98.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Big Lots
is $5,535MM, an increase of 1.22%.
The projected annual non-GAAP EPS
is -$6.37.
What is the Fund Sentiment?
There are 445 funds or institutions reporting positions in Big Lots.
This is a decrease
of
25
owner(s) or 5.32% in the last quarter.
Average portfolio weight of all funds dedicated to BIG is 0.08%,
a decrease
of 37.57%.
Total shares owned by institutions decreased
in the last three months by 4.81% to 33,020K shares.
The put/call ratio of BIG is 1.49, indicating a
bearish
outlook.
What are Large Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF
holds 2,151K shares
representing 7.43% ownership of the company.
In it’s prior filing, the firm reported owning 2,104K shares, representing
an increase
of 2.16%.
The firm
decreased
its portfolio allocation in BIG by 12.44% over the last quarter.
Ninety One UK
holds 1,747K shares
representing 6.03% ownership of the company.
In it’s prior filing, the firm reported owning 2,201K shares, representing
a decrease
of 25.96%.
The firm
decreased
its portfolio allocation in BIG by 99.93% over the last quarter.
FLPSX – Fidelity Low-Priced Stock Fund
holds 1,744K shares
representing 6.02% ownership of the company.
In it’s prior filing, the firm reported owning 1,745K shares, representing
a decrease
of 0.04%.
The firm
decreased
its portfolio allocation in BIG by 2.45% over the last quarter.
FDMLX – Fidelity Series Intrinsic Opportunities Fund
holds 1,100K shares
representing 3.80% ownership of the company.
No change in the last quarter.
Lsv Asset Management
holds 990K shares
representing 3.42% ownership of the company.
In it’s prior filing, the firm reported owning 1,434K shares, representing
a decrease
of 44.84%.
The firm
decreased
its portfolio allocation in BIG by 38.97% over the last quarter.
Big Lots Background Information
(This description is provided by the company.)
Headquartered in Columbus, Ohio, Big Lots, Inc. is a neighborhood discount retailer operating 1,411 stores in 47 states, as well as a best-in-class ecommerce platform with expanded capabilities via BOPIS, curbside pickup, Instacart and PICKUP with same day delivery. The company’s product assortment is focused on home essentials: Furniture, Seasonal, Soft Home, Food, Consumables, Hard Home, and Electronics, Toys & Accessories. Big Lots’ mission is to help people Live BIG and Save Lots. The company strives to be the BIG difference for a better life by delivering unmatched value to customers through surprise and delight, being a ‘best place to work’ culture for associates, rewarding shareholders with consistent growth and top-tier returns, as well as doing good in local communities.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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