Essex Investment Management Co. LLC cut its position in shares of Big Lots Inc. (NYSE:BIG) by 1.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 24,214 shares of the company’s stock after selling 293 shares during the period. Essex Investment Management Co. LLC’s holdings in Big Lots were worth $1,213,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC raised its position in Big Lots by 472.4% in the second quarter. Acadian Asset Management LLC now owns 1,767,743 shares of the company’s stock worth $88,582,000 after buying an additional 1,458,925 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Big Lots by 4.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,600,524 shares of the company’s stock worth $72,488,000 after buying an additional 61,845 shares during the last quarter. Norges Bank bought a new position in Big Lots during the fourth quarter worth $32,309,000. Geode Capital Management LLC raised its position in Big Lots by 40.8% in the first quarter. Geode Capital Management LLC now owns 479,913 shares of the company’s stock worth $21,734,000 after buying an additional 139,099 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its position in Big Lots by 9.4% in the first quarter. Panagora Asset Management Inc. now owns 468,068 shares of the company’s stock worth $21,199,000 after buying an additional 40,406 shares during the last quarter.
Shares of Big Lots Inc. (NYSE:BIG) traded down 0.13% during mid-day trading on Friday, reaching $47.75. The company’s stock had a trading volume of 968,198 shares. Big Lots Inc. has a 52-week low of $33.78 and a 52-week high of $56.30. The company has a market cap of $2.13 billion, a PE ratio of 14.86 and a beta of 0.66. The company has a 50-day moving average price of $50.10 and a 200 day moving average price of $48.90.
Big Lots (NYSE:BIG) last issued its earnings results on Friday, August 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.06. The company had revenue of $1.20 billion for the quarter. Big Lots had a return on equity of 25.68% and a net margin of 2.96%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business posted $0.40 EPS. Equities analysts expect that Big Lots Inc. will post $3.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.76%. The ex-dividend date was Wednesday, September 7th. Big Lots’s dividend payout ratio (DPR) is presently 26.50%.
BIG has been the subject of several recent analyst reports. Citigroup Inc. boosted their price objective on Big Lots from $53.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, June 6th. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Monday, August 29th. Barclays PLC initiated coverage on Big Lots in a report on Friday, September 23rd. They set an “equal weight” rating and a $51.00 price objective for the company. Northcoast Research lowered Big Lots from a “buy” rating to a “neutral” rating in a report on Tuesday, August 2nd. Finally, Deutsche Bank AG reissued a “hold” rating and set a $49.00 price objective on shares of Big Lots in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $49.03.
In related news, Director Jeffrey Paul Berger sold 7,500 shares of Big Lots stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $50.07, for a total transaction of $375,525.00. Following the sale, the director now owns 18,302 shares of the company’s stock, valued at approximately $916,381.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Russell Solt sold 3,000 shares of Big Lots stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $52.10, for a total value of $156,300.00. Following the sale, the director now directly owns 12,377 shares in the company, valued at approximately $644,841.70. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
About Big Lots
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