Ajo LP trimmed its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,205,637 shares of the company’s stock after selling 149,094 shares during the period. Ajo LP owned about 2.73% of Big Lots worth $58,232,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Neuburgh Advisers LLC boosted its stake in shares of Big Lots by 14.3% during the 1st quarter. Neuburgh Advisers LLC now owns 2,112 shares of the company’s stock worth $103,000 after buying an additional 264 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Big Lots by 13.6% during the 2nd quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock worth $113,000 after buying an additional 280 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Big Lots during the 1st quarter worth about $123,000. Tyers Asset Management LLC boosted its stake in shares of Big Lots by 14.3% during the 1st quarter. Tyers Asset Management LLC now owns 2,688 shares of the company’s stock worth $131,000 after buying an additional 336 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its stake in shares of Big Lots by 14.3% during the 1st quarter. Flinton Capital Management LLC now owns 3,264 shares of the company’s stock worth $159,000 after buying an additional 408 shares during the last quarter.
In other Big Lots news, insider Michael Allen Schlonsky sold 2,602 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $48.00, for a total value of $124,896.00. Following the completion of the sale, the insider now directly owns 34,706 shares of the company’s stock, valued at approximately $1,665,888. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Russell Solt sold 2,100 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $51.50, for a total transaction of $108,150.00. Following the completion of the sale, the director now directly owns 10,041 shares of the company’s stock, valued at $517,111.50. The disclosure for this sale can be found here. Insiders sold a total of 73,577 shares of company stock valued at $3,717,951 over the last ninety days. 1.70% of the stock is currently owned by insiders.
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A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of Big Lots from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, September 6th. KeyCorp restated a “buy” rating on shares of Big Lots in a research note on Friday, September 1st. Piper Jaffray Companies restated a “hold” rating and set a $52.00 price objective on shares of Big Lots in a research note on Friday, September 1st. Finally, Loop Capital restated a “buy” rating and set a $64.00 price objective on shares of Big Lots in a research note on Tuesday, May 30th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Big Lots currently has an average rating of “Buy” and a consensus target price of $57.42.
Shares of Big Lots, Inc. (NYSE:BIG) opened at 48.04 on Tuesday. The company has a 50-day moving average of $49.50 and a 200 day moving average of $49.09. The firm has a market capitalization of $2.07 billion, a P/E ratio of 12.45 and a beta of 0.92. Big Lots, Inc. has a 52 week low of $42.40 and a 52 week high of $56.54.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that Big Lots, Inc. will post $4.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, September 7th. Big Lots’s payout ratio is 26.04%.
About Big Lots
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
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