nysebig
Key Points Big Lots stock slides by 18.5% during Friday’s trading session. The negative sentiment comes amid the company’s first quarter 2023 earnings results.Everything about the company screams ‘warning,’ as inventory and sales point to dire slowdowns that are spooking already scared investors, especially after Bed Bad & Beyond’s closing.There is a scenario where Big Lots rallies on a turnaround; as analysts see a near tripling in the stock price, management points to how this could become a reality on the back of a profitability pathway.Investors can acquire this turnaround play for cents o...
ValueWalk
Discount retailers often make good bargain stocks.Big Lots is a Hold and worth watching.Ollie’s Bargain Outlet may be the best value.Dollarama will see same-store sales growth.Five Below has solid growth.Discount retail outlets are growing in popularity and that can make them smart options for stock investors. When it comes to discount chains, these companies not only offer the same retail products at bargain prices, but they could also be a bargain addition to any stock portfolio. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted b...
ValueWalk
Big Lots missed earnings due to slow-moving inventory and impairment chargesRevenues and comps are down YoYBIG shares have a 27.66% short interest and pays a 6.6% annual dividend yield, Bed Bath & Beyond has a 30% short interestInventory levels are expected to be normalized in Q4 2022, but no EPS guidance was providedQ3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you're ready to be matched with local advisors that can help you achieve your financi...
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Home discount retailer Big Lots (NYSE:BIG) stock has tanked (-54%) in 2022. Low consumer confidence and declining spending took a toll on the discount home furnishings retailer. The Company was a benefactor during the pandemic as consumers spent buoyantly on home improvement items. However, the reopening and macroeconomic conditions have led to a dramatic slowdown. Cost and labor inflation, logistics, and supply chain disruption were some of the headwinds that did a number of its fiscal Q1 2022 results. Broad inflation and rising gas prices started to impact consumer discretionary income level...
ValueWalk
Why Did Big Lots Gain 12% Today? Short-CoveringWe were pleasantly surprised to see shares of Big Lots (NYSE:BIG) up 12% but could not understand why until we saw the short interest. The stock has been in a downtrend for some time driven by dwindling analysts’ sentiment, fear of slowing sales, and an ever-growing short interest that reached lofty levels above 25% in the weeks ahead of the Q2 report. With the report still due out and the analysts still downgrading the stock, the only thing left to drive it higher is short covering and that makes us think this downtrend is over. The analysts have...
ValueWalk
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