Ergoteles LLC bought a new stake in shares of Big Lots, Inc. (NYSE:BIG) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,986 shares of the company’s stock, valued at approximately $1,775,000.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Big Lots by 0.9% during the first quarter. BlackRock Inc. now owns 5,910,285 shares of the company’s stock valued at $403,671,000 after acquiring an additional 53,418 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Big Lots by 15.5% in the fourth quarter. Bank of New York Mellon Corp now owns 765,884 shares of the company’s stock worth $32,879,000 after purchasing an additional 102,724 shares in the last quarter. Geode Capital Management LLC grew its stake in Big Lots by 5.0% in the first quarter. Geode Capital Management LLC now owns 570,038 shares of the company’s stock worth $38,933,000 after purchasing an additional 27,316 shares in the last quarter. Principal Financial Group Inc. grew its stake in Big Lots by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 323,158 shares of the company’s stock worth $13,873,000 after purchasing an additional 14,629 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Big Lots by 37.0% in the first quarter. JPMorgan Chase & Co. now owns 298,049 shares of the company’s stock worth $20,357,000 after purchasing an additional 80,574 shares in the last quarter. Institutional investors own 97.76% of the company’s stock.
BIG opened at $65.32 on Friday. The company’s 50 day simple moving average is $66.51. The company has a market capitalization of $2.26 billion, a PE ratio of 3.78, a PEG ratio of 0.92 and a beta of 2.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.69 and a current ratio of 1.55. Big Lots, Inc. has a twelve month low of $32.70 and a twelve month high of $73.23.
Big Lots (NYSE:BIG) last released its quarterly earnings results on Thursday, May 27th. The company reported $2.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.69 by $0.93. Big Lots had a return on equity of 25.92% and a net margin of 10.56%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, equities analysts forecast that Big Lots, Inc. will post 6.7 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, June 11th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, June 10th. This represents a $1.20 annualized dividend and a yield of 1.84%. Big Lots’s payout ratio is 16.33%.
A number of research firms recently commented on BIG. Deutsche Bank Aktiengesellschaft decreased their price target on Big Lots from $66.00 to $65.00 and set a “hold” rating for the company in a research note on Tuesday, June 1st. Barclays reissued a “sell” rating on shares of Big Lots in a report on Sunday, March 7th. Finally, Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Monday, May 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $63.00.
In related news, EVP Nicholas E. Padovano sold 5,820 shares of the business’s stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $67.15, for a total transaction of $390,813.00. Also, Director James R. Chambers sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 8th. The stock was sold at an average price of $65.22, for a total value of $652,200.00. Following the sale, the director now directly owns 25,345 shares in the company, valued at approximately $1,653,000.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,258 shares of company stock worth $1,675,690. 1.90% of the stock is owned by corporate insiders.
Big Lots Company Profile
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.
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