Big Lots, Inc., through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments. It also provides merchandise under the consumables category, which comprises health, beauty and cosmetics, plastics, paper, chemical, and pet departments; hard home category, including small appliances, table top, food preparation, stationery, and home maintenance departments; and electronics, toys, and accessories category consisting of electronics, toys, jewelry, apparel, and hosiery departments. As of March 15, 2021, it operated 1,410 stores in 47 states and an e-commerce platform. Big Lots, Inc. was founded in 1967 and is headquartered in Columbus, Ohio.
IPO Year:
Exchange: NYSE
Website: biglots.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/11/2024 | $1.00 | Sell → Hold | Loop Capital |
| 6/7/2024 | $5.00 → $2.50 | Market Perform | Telsey Advisory Group |
| 2/12/2024 | $6.00 → $1.00 | Hold → Sell | Loop Capital |
| 12/12/2023 | $6.00 → $7.00 | Market Perform | Telsey Advisory Group |
| 11/28/2023 | $8.50 → $5.50 | Market Perform | Telsey Advisory Group |
| 4/21/2023 | $12.00 → $7.00 | Neutral → Underweight | Piper Sandler |
| 12/20/2022 | $15.00 | Underperform | Credit Suisse |
| 12/2/2022 | $23.00 → $20.00 | Market Perform | Telsey Advisory Group |
| 3/7/2022 | $40.00 → $36.00 | Sell | Goldman Sachs |
| 3/4/2022 | $44.00 → $38.00 | Hold | Loop Capital |
Expands opportunities for influential creators and publishers to earn commissions Builds on Big Lots' organic popularity with bargain-savvy influencersSigns new partnership with impact.com to launch and scale programCOLUMBUS, Ohio, Sept. 26, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG), today announced the launch of a new affiliate program, designed to build on its organic and grassroots popularity with bargain-savvy creators and publishers on social media and beyond. The program offers influential partners an exclusive opportunity to apply to be among the first to share limited-time closeout opportunities, extreme bargains and promotions with their valued communities and earn a commission
COLUMBUS, Ohio, March 5, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), America's Discount Home Store, today announced that Maureen B. Short has been appointed to its Board of Directors, effective March 1, 2024. Ms. Short served as the Chief Financial Officer of Upbound Group, Inc. (formerly known as Rent-A-Center), a publicly traded, multi-site, and omni-channel retailer from 2016 to 2022. Commenting on today's announcement, Cynthia T. Jamison, board chair, stated, "Maureen brings more than 25 years of operational leadership and financial experience. Her proven track record of leading discount retail organizations through times of transformation will undoubtably be an asset. We expect she
Home Discount Retailer Names Kristen Cox SVP, Chief Stores Officer and Seth Marks To Newly Created Role of SVP, Extreme Value Sourcing COLUMBUS, Ohio, Nov. 30, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), one of America's largest home discount retailers, today announced the appointment of two new leaders to fill roles on its senior leadership team. Experienced stores leader Kristen Cox is joining Big Lots as SVP, Chief Stores Officer, and closeout merchandising leader Seth Marks is joining the company in the newly formed role of SVP, Extreme Value Sourcing, focused on procuring outstanding products at exceptional values through unique closeout opportunities. Both Cox and Marks will begin
Off-Price Retail Industry Veteran Margarita Giannantonio named Chief Merchandising Officer and Proven Marketing Leader John Alpaugh named Chief Marketing Officer COLUMBUS, Ohio, Nov. 9, 2022 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), one of America's largest home discount retailers, today announced the appointment of two new members of its leadership team. Off-price retail industry veteran Margarita Giannantonio has been named Chief Merchandising Officer and retail industry brand and performance marketing leader John Alpaugh has joined Big Lots as Chief Marketing Officer. "We'
COLUMBUS, Ohio, July 13, 2021 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) ("Big Lots" or the "company") today announced that Gurmeet Singh has been appointed Executive Vice President, Chief Technology Officer of Big Lots, effective July 12, 2021. Mr. Singh succeeds Stew Wenerstrom, who will be officially retiring in October following a transition period. Mr. Singh will report directly to Bruce Thorn, President and Chief Executive Officer of Big Lots. Mr. Singh, who received a Ph.D. in Engineering from Rice University, has more than 30 years of experience in information technology. Most recently, Mr. Singh was the Group Chief Digital Officer at the Al Futtaim Group in Dubai, leading all technol
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Loop Capital upgraded Big Lots from Sell to Hold and set a new price target of $1.00
Telsey Advisory Group reiterated coverage of Big Lots with a rating of Market Perform and set a new price target of $2.50 from $5.00 previously
Loop Capital downgraded Big Lots from Hold to Sell and set a new price target of $1.00 from $6.00 previously
Telsey Advisory Group reiterated coverage of Big Lots with a rating of Market Perform and set a new price target of $7.00 from $6.00 previously
Telsey Advisory Group reiterated coverage of Big Lots with a rating of Market Perform and set a new price target of $5.50 from $8.50 previously
Piper Sandler downgraded Big Lots from Neutral to Underweight and set a new price target of $7.00 from $12.00 previously
Credit Suisse initiated coverage of Big Lots with a rating of Underperform and set a new price target of $15.00
Telsey Advisory Group reiterated coverage of Big Lots with a rating of Market Perform and set a new price target of $20.00 from $23.00 previously
Goldman Sachs reiterated coverage of Big Lots with a rating of Sell and set a new price target of $36.00 from $40.00 previously
Loop Capital reiterated coverage of Big Lots with a rating of Hold and set a new price target of $38.00 from $44.00 previously
Closeout Deal Includes Halloween Indoor and Outdoor Décor; Children, Adult and Pet Costumes; and Trick-or-Treat Essentials For 50-70% Less Than Original Retail Pricing COLUMBUS, Ohio, Aug. 20, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), today announced the acquisition of its biggest extreme bargain Halloween closeout ever after purchasing a well-known national party supply retailer's overstock, originally valued at $11 million. The deal covers hundreds of new Halloween items, including indoor and outdoor décor; costumes for adults, children and pets; pumpkin carving kits; tableware; trick-or-treat essentials; apparel and more that will be sold for 50-70% less than their original retail p
Company to Broadcast Conference Call COLUMBUS, Ohio, Aug. 15, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) today announced it will report the results for the second quarter of fiscal 2024 on Friday, September 6, 2024. The company will host a conference call at 8:00 a.m. Eastern Time on Friday, September 6, 2024. A live webcast of the call will be available through the Investor Relations section of its website at http://www.biglots.com/corporate/investors/ or by phone by dialing 877.407.3088 (Toll Free) or 201.389.0927 (Toll). An archive will be available on the Investor Relations section of the company's website at http://www.biglots.com/corporate/investors/ through midnight Friday, Septem
Q1 comparable sales decline due to challenging consumer environment; gross margins significantly improved year-over-year and continued reductions in adjusted operating expenses Q1 GAAP EPS loss of $6.99; adjusted EPS loss of $4.51 Expect significant quarterly year-over-year gross margin rate improvements through 2024, with a path to positive comparable sales later in the year On track to achieve 75% bargains penetration and, within that, 50% extreme bargains penetration by year-end Raising Project Springboard cumulative savings target in 2024; ahead of schedule to achieve most of the $200 million+ benefit by year-end Ended Q1 with $289 million of liquidity, including availability under the
Company to Broadcast Conference Call COLUMBUS, Ohio, May 17, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) today announced it will report the results for the first quarter of fiscal 2024 on Thursday, June 6, 2024. The company will host a conference call at 8:00 a.m. Eastern Time on Thursday, June 6, 2024. A live webcast of the call will be available through the Investor Relations section of its website at http://www.biglots.com/corporate/investors/ or by phone by dialing 877.407.3088 (Toll Free) or 201.389.0927 (Toll). An archive will be available on the Investor Relations section of the company's website at http://www.biglots.com/corporate/investors/ through midnight Thursday, June 20, 202
Q4 2023 comparable sales, gross margin rate, expenses, and inventory in line with guidance Q4 GAAP operating loss of $24 million; adjusted operating profit of $1 million; first quarter of positive adjusted operating profit since Q4 2021 Q4 GAAP EPS loss of $1.05; adjusted EPS loss of $0.28 Expect quarterly year-over-year gross margin improvements to continue through 2024 with a path to positive comparable sales Achieved nearly 60% bargain penetration in Q4, well exceeding our initial goal of 33%; expect to grow to 75% penetration in 2024 Project Springboard on track to deliver a high proportion of the $200 million+ benefit in 2024 For the Q4 Results Presentation, Please Visit: https://www.
In a strategic move reflecting Big Lots' deep closeout heritage, the retail and liquidation pioneer has purchased award-winning toy company Hearthsong's full inventory, valued at more than $22 million.The acquisition brings the entire collection of high quality indoor and outdoor children's toys to Big Lots stores for the first time, ahead of the upcoming spring/summer sales season. COLUMBUS, Ohio, Feb. 22, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), one of America's largest discount home retailers, announced today that it has closed on a deal to acquire the entire inventory of the award-winning Hearthsong brand of children's toys in a strategic move that further signals the Company's co
Company Provides Preliminary Unaudited Results Commentary for the Fourth Quarter COLUMBUS, Ohio, Feb. 12, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), America's Discount Home Store, today announced it will report its fourth quarter and full year 2023 results on March 7, 2024. A live webcast with analysts and investors will also be held at 8:00 a.m. ET on March 7, 2024. Commenting on the Company's preliminary unaudited performance in the fourth quarter of fiscal 2023, Bruce Thorn, President and CEO said: "I am pleased to share that we delivered fourth quarter performance in line with our guidance on comparable sales, gross margin rate, operating expenses, and inventory. In addition, we gen
Q3 comparable sales in line with guidance; gross margin rate and adjusted expenses ahead of guidance Reiterating negative high-single-digit Q4 comp sales outlook with an approximately 38% gross margin rate; Q4 adjusted operating result expected to be ahead of last year, marking the first quarter of year-over-year improvement since Q1 2021 Expect quarterly year-over-year improvements to continue through 2024; Project Springboard on track to deliver a high proportion of the $200 million+ benefit in 2024 Q3 GAAP EPS of $0.16; adjusted EPS loss of $4.38 For the Q3 Results Presentation, Please Visit: https://www.biglots.com/corporate/investors COLUMBUS, Ohio, Nov. 30, 2023 /PRNewswire/ -- Big
Company to Broadcast Conference Call COLUMBUS, Ohio, Nov. 16, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) today announced it will report the results for the third quarter of fiscal 2023 on Thursday, November 30, 2023. The company will host a conference call at 8:00 a.m. Eastern Time on Thursday, November 30, 2023. A live webcast of the call will be available through the Investor Relations section of its website at http://www.biglots.com/corporate/investors/ or by phone by dialing 877.407.3088 (Toll Free) or 201.389.0927 (Toll). An archive will be available on the Investor Relations section of the company's website at http://www.biglots.com/corporate/investors/ through midnight Thursday, D
Q2 comparable sales and adjusted expenses better than expected; gross margin rate improves year-over-year Q2 GAAP EPS loss of $8.56; adjusted EPS loss of $3.24 Sale/leaseback of California distribution center and 22 owned stores completed since quarter-end, with approximately $294 million of net proceeds Continue to expect business improvements in the back half of 2023, with a moderating comp sales decline and improving gross margins; cost reduction and productivity initiatives through 2024 on track For the Q2 Results Presentation, Please Visit: https://www.biglots.com/corporate/investors COLUMBUS, Ohio, Aug. 29, 2023 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) today reported a net loss of $24
COLUMBUS, Ohio, Nov. 8, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG) today announced the launch of a new Big Lots app is designed to enhance the shopping experience for its valued customers. The app is available for current and new Big Reward members, bringing a host of new features and benefits for its loyal customers. It is the latest step in delivering on its promise to be the leader in extreme value. The enhanced Big Lots app offers in-store rewards access, a personalized dashboard for tracking earnings, and exclusive notifications for special offers. With features like one-touch shopping, profile and credit card management, and weekly exclusive deals, the app ensures a convenient and
Boston, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, has agented a $150 million debtor-in-possession (DIP) term loan for Big Lots Inc. The U.S. closeout retailer focused on value will use the DIP loan during ongoing Chapter 11 bankruptcy proceedings to support the going-concern sale and stalking horse bid. "Having established a working relationship with Big Lots over the last few years, and having previously provided a $200 million delayed draw term loan, we continue to provide a full suite of holistic services for a complete solutions-driven package," said Kyle C. Shonak, Senior Managing Director, Transaction Team & Head of North America Lending at Go
Donations will support local relief efforts across Florida and North Carolina through the United Way's Disaster Relief Fund COLUMBUS, Ohio, Oct. 24, 2024 /PRNewswire/ -- The Big Lots Foundation is donating $200,000 to support relief and recovery efforts in communities impacted by Hurricanes Helene and Milton through the United Way as it responds to critical needs including emergency shelter, food and water, as well as long-term rebuilding and recovery efforts. The United Way will bring together corporate partners, its network and other nonprofits through Hurricane Helene and Hurricane Milton Disaster Relief and Recovery Funds to assist those affected. United Way will continue to work closely
COLUMBUS, Ohio, Oct. 9, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG) announced today in observance of World Mental Health Day (October 10), a special four-day promotion to assist children in local communities. The Kindness Kits Challenge, part of Big Lots' Kids Mental Health Foundation (KMHF) fall point-of-sale campaign, will dedicate funds raised at the register from October 10-13 to distribute kindness kits to local elementary schools in communities near Big Lots store locations. Beginning in September and continuing through October, Big Lots customers have been able to round up their purchases or donate $1, $2, $5, or more at checkout. Dollars raised through the campaign support The Kids
Expands opportunities for influential creators and publishers to earn commissions Builds on Big Lots' organic popularity with bargain-savvy influencersSigns new partnership with impact.com to launch and scale programCOLUMBUS, Ohio, Sept. 26, 2024 /PRNewswire/ -- Big Lots, Inc. (OTC:BIG), today announced the launch of a new affiliate program, designed to build on its organic and grassroots popularity with bargain-savvy creators and publishers on social media and beyond. The program offers influential partners an exclusive opportunity to apply to be among the first to share limited-time closeout opportunities, extreme bargains and promotions with their valued communities and earn a commission
Discount can be used at all Big Lots store locations and online at biglots.comCoupon is required in store and can be downloaded or printed on the websiteDiscount will be automatically applied for online shoppers on biglots.comCOLUMBUS, Ohio, Sept. 19, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), today announced that its popular 2-day 'Friends & Family' Event will return, featuring 20% off shoppers' entire purchase, Sept. 21 and 22. The discount can be used at all Big Lots store locations and online on every category, from furniture and seasonal décor to groceries and home essentials. To take advantage of the discount, shoppers can download a digital coupon or print one at biglots.com/page
Secures Interim Approval to Access Debtor-in-Possession Financing Reiterates Commitment to Continue Providing Customers with Unmistakable Value and Extreme Bargains COLUMBUS, Ohio, Sept. 11, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) (the "Company") today announced that it received interim Court approval for certain "first day" motions related to the Company's voluntary Chapter 11 proceedings. Among other relief, the Court granted interim approval for the Company to immediately access a portion of its $707.5 million postpetition financing facilities. This financing, coup
Implements Plan to Accelerate Business Optimization and Achieve Profitability in 2025 Initiates Voluntary Chapter 11 Process to Facilitate Restructuring Initiatives and Ownership Transition Company Secures Interim Financing to Support Operations Customers Will Continue to Find Unmistakable Value and Extreme Bargains In-Store and Online Q2 Results In Line With Guidance COLUMBUS, Ohio, Sept. 9, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) (the "Company") today announced that it has entered into an agreement (the "Sale Agreement") with an affiliate of Nexus Capital Management LP ("Nexus"), pursuant to which Nexus has agreed to acquire substantially all of the Company's assets and ongoing bus
Company to Report Results on September 12 COLUMBUS, Ohio, Sept. 6, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG) today announced it has postponed the release of its financial results for the second quarter of fiscal 2024 ended August 3, which had previously been scheduled for September 6. The Company expects to report its second quarter of fiscal 2024 results on September 12, 2024. About Big LotsBig Lots is one of the nation's largest closeout retailers, focused on extreme value. The Company is dedicated to being the big difference for a better life by delivering bargains to brag about on everything for the home, including furniture, décor, pantry and more. It fulfills its mission to help c
Closeout Deal Includes Halloween Indoor and Outdoor Décor; Children, Adult and Pet Costumes; and Trick-or-Treat Essentials For 50-70% Less Than Original Retail Pricing COLUMBUS, Ohio, Aug. 20, 2024 /PRNewswire/ -- Big Lots, Inc. (NYSE:BIG), today announced the acquisition of its biggest extreme bargain Halloween closeout ever after purchasing a well-known national party supply retailer's overstock, originally valued at $11 million. The deal covers hundreds of new Halloween items, including indoor and outdoor décor; costumes for adults, children and pets; pumpkin carving kits; tableware; trick-or-treat essentials; apparel and more that will be sold for 50-70% less than their original retail p
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies. ` The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Conn’s Inc (NASDAQ:CONN) On June 26, Conn’s received a delinquency notification letter from Nasdaq. The company'
In the preceding three months, 4 analysts have released ratings for Big Lots (NYSE:BIG), presenting a wide array of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 2 0 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $2.75, a high estimate of $5.00, and a low estimate of $1.00. A 18.64% drop is evident in the current average compared to the p
Loop Capital analyst Anthony Chukumba upgrades Big Lots (NYSE:BIG) from Sell to Hold and maintains the price target from $1 to $1.
https://nypost.com/2024/07/05/business/big-lots-to-close-stores-may-file-for-bankruptcy/
Telsey Advisory Group analyst Joseph Feldman maintains Big Lots (NYSE:BIG) with a Market Perform and maintains $2.5 price target.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Telsey Advisory Group cut the price target for Big Lots, Inc. (NYSE:BIG) from $5 to $2.5. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Big Lots shares dipped 18.2% to close at $2.88 on Thursday. See how other analysts view this stock. Oppenheimer raised the price target for Addus HomeCare Corporation (NASDAQ:ADUS) from $118 to $130. Oppenheimer analyst Michael Wiederhorn maintained an Outperform rating. Addus HomeCare shares rose 1.2% to close at $116.07 on Thurs
Telsey Advisory Group analyst Joseph Feldman maintains Big Lots (NYSE:BIG) with a Market Perform and lowers the price target from $5 to $2.5.
Shares of retail value stores Big Lots Inc. (NYSE:BIG) and Five Below Inc. (NASDAQ:FIVEHTTPS, NASDAQ:FIVE) are trading lower as investors digest the latest earnings reports. What To Know: Big Lots reported disappointing first-quarter 2024 results. The company posted an adjusted loss of $4.51 per share, missing estimates for a loss of $3.92 per share and reported sales of $1.0 billion, falling short of the $1.1 billion estimate. This represents a 10.2% decrease in sales from $1.1 billion last year, according to Benzinga Pro. Despite soft quarterly results, Big Lots expects second-quarter comp sales to improve sequentially, projecting a mid to high-single-digit decline. Related Link:
Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) fell sharply during Thursday's session after the company reported worse-than-expected quarterly sales results. G-III Apparel Group posted adjusted earnings of 13 cents per share, according to data from Benzinga Pro. The company's quarterly sales came in at $609.747 million, missing market estimates of $616.286 million. G-III Apparel Group shares dipped 13.4% to $27.12 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Virax Biolabs Group Limited (NASDAQ:VRAX) shares jumped 139.4% to $2.5390. American Oncology Network, Inc. (NASDAQ:AONC) gained 102% to $4.52. American Oncology Network expanded