The Big Lots Inc (BIG) share price is expected to increase by 5354.55% over the next year. This is based on calculating the average 12-month share price estimate provided by 16 stock analysts who have covered BIG. Price targets range from $6 at the low end to $6 at the high end. The current analyst consensus for BIG is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 16 Wall Street analysts have assignedBIG 10 buy ratings, 6 hold ratings, and 0 sell ratings. This means that analysts expect Big Lots Inc to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on BIG. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of BIG.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Joseph Feldman Telsey Advisory Group | Market Perform | $1.5 | Maintains | Aug 5, 2024 |
Anthony Chukumba Loop Capital | Hold | $1 | Upgrade | Jul 11, 2024 |
Joseph Feldman Telsey Advisory Group | Market Perform | $2.5 | Maintains | Jun 14, 2024 |
Joseph Feldman Telsey Advisory Group | Market Perform | $2.5 | Maintains | Jun 7, 2024 |
Joseph Feldman Telsey Advisory Group | Market Perform | $5 | Maintains | Jun 3, 2024 |
Joseph Feldman Telsey Advisory Group | Market Perform | $5 | Reiterates | Mar 8, 2024 |
Peter Keith Piper Sandler | Underweight | $3 | Maintains | Mar 8, 2024 |
Joseph Feldman Telsey Advisory Group | Market Perform | $5 | Maintains | Feb 13, 2024 |
Anthony Chukumba Loop Capital | Sell | $1 | Downgrade | Feb 12, 2024 |
Joseph Feldman Telsey Advisory Group | Market Perform | $7 | Maintains | Dec 12, 2023 |
Peter Keith Piper Sandler | Underweight | $3.5 | Maintains | Dec 1, 2023 |
Joseph Feldman Telsey Advisory Group | Market Perform | $6 | Maintains | Dec 1, 2023 |
Joseph Feldman Telsey Advisory Group | Market Perform | $5.5 | Maintains | Nov 28, 2023 |
Kate McShane Goldman Sachs | Sell | $4 | Maintains | Oct 20, 2023 |
Karen Short Credit Suisse | Underperform | $6 | Reiterates | Aug 30, 2023 |
Joseph Feldman Telsey Advisory Group | Market Perform | $8.5 | Maintains | Aug 30, 2023 |
Anthony Chukumba Loop Capital | Hold | $7 | Maintains | Aug 30, 2023 |
Joseph Feldman Telsey Advisory Group | Market Perform | $6 | Reiterates | Aug 25, 2023 |
Deutsche Bank | Hold | Maintains | Jun 1, 2023 | |
Kate McShane Goldman Sachs | Sell | $5 | Maintains | May 31, 2023 |
When did it IPO
1985
Staff Count
10,000
Country
United States
Sector/Industry
Consumer Defensive/Discount Stores
CEO
Mr. Bruce K. Thorn
Market Cap
$14.7M
In 2023, BIG generated $5.47B in revenue, which was a decrease of -11.09% from the previous year. This can be seen as a signal that BIG's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Big Lots, Inc. has launched a new affiliate program in partnership with impact.com, targeting creators and publishers to enhance commission-earning opportunities.
Why It Matters - Big Lots' new affiliate program enhances revenue potential by leveraging influencer marketing, potentially increasing sales and brand visibility, which can positively impact investor sentiment and stock performance.
Summary - Big Lots will host a 'Friends & Family' Event offering 20% off purchases on Sept. 19-20, 2024. Discounts apply in-store with a coupon and online automatically.
Why It Matters - Big Lots' 'Friends & Family' Event signals increased consumer engagement and potential sales boost, impacting revenue forecasts and stock performance.
Summary - Big Lots announced a Chapter 11 restructuring and acquisition by Nexus Capital Management. In Q2, comparable sales dropped 14%, as discussed by CEO Bruce Thorn on Sept. 12.
Why It Matters - Big Lots' Chapter 11 restructuring and declining sales signal financial distress, raising concerns about future profitability and operational viability, impacting investor confidence and stock performance.
Summary - OneStream CEO Tom Shea discusses the company's offerings following its recent public debut.
Why It Matters - Tom Shea's insights on OneStream's capabilities can signal growth potential and customer demand, influencing investor confidence and stock performance.
Summary - Big Lots, Inc. received interim court approval for debtor-in-possession financing amid its Chapter 11 proceedings, emphasizing its commitment to customer value and bargains.
Why It Matters - Big Lots' interim approval for debtor-in-possession financing signals stability during Chapter 11, potentially reassuring investors about its ability to continue operations and maintain customer value.
Summary - Big Lots, Inc. (NYSE: BIG) announced its 'Black Friday Fridays' event for 2024, featuring weekly sales with up to 50% off on various items, starting Sept. 13 through Dec. 6.
Why It Matters - Big Lots' return of Black Friday Fridays signals potential revenue boosts and increased foot traffic, impacting sales forecasts and investor sentiment positively.