Guggenheim Capital LLC Sells 61,619 Shares of Big Lots (BIG)

Guggenheim Capital LLC trimmed its holdings in shares of Big Lots (NYSE:BIG) by 49.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,930 shares of the company’s stock after selling 61,619 shares during the quarter. Guggenheim Capital LLC owned 0.15% of Big Lots worth $3,477,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Research Inc. purchased a new stake in shares of Big Lots during the 4th quarter valued at about $919,000. Vident Investment Advisory LLC purchased a new stake in shares of Big Lots during the 3rd quarter valued at about $2,959,000. Jane Street Group LLC purchased a new stake in shares of Big Lots during the 3rd quarter valued at about $524,000. Keybank National Association OH purchased a new stake in shares of Big Lots during the 4th quarter valued at about $823,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Big Lots during the 4th quarter valued at about $3,745,000.

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Big Lots stock opened at $43.06 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.25 and a current ratio of 1.73. Big Lots has a 1-year low of $42.36 and a 1-year high of $64.42. The stock has a market capitalization of $1,864.15, a P/E ratio of 9.68, a PEG ratio of 0.67 and a beta of 1.13.

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, March 9th. The company reported $2.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.14. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. Big Lots had a net margin of 3.60% and a return on equity of 31.12%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.26 EPS. sell-side analysts expect that Big Lots will post 4.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 6th. Shareholders of record on Friday, March 23rd were paid a $0.30 dividend. This is an increase from Big Lots’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Thursday, March 22nd. Big Lots’s dividend payout ratio is currently 26.97%.

Big Lots declared that its Board of Directors has approved a share buyback program on Friday, March 9th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Several brokerages have recently issued reports on BIG. ValuEngine cut shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. Barclays restated a “hold” rating and set a $50.00 target price on shares of Big Lots in a research report on Thursday, March 15th. Northcoast Research reissued a “neutral” rating on shares of Big Lots in a research report on Monday, March 12th. Citigroup reissued a “hold” rating and issued a $56.00 price objective on shares of Big Lots in a research report on Tuesday, March 13th. Finally, Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Big Lots currently has an average rating of “Hold” and a consensus price target of $58.83.

In other Big Lots news, CEO David J. Campisi sold 20,657 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $43.73, for a total value of $903,330.61. Following the transaction, the chief executive officer now directly owns 170,560 shares in the company, valued at approximately $7,458,588.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David J. Campisi sold 25,414 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $47.29, for a total transaction of $1,201,828.06. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

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About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a non-traditional, discount retailer in the United States. The company offers products under various merchandising categories, such as food category that includes beverage and grocery, candy and snacks, and specialty foods departments; consumables category, which comprises health and beauty, plastics, paper, chemical, and pet departments; soft home category that consists of home décor, frames, fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and furniture category consisting of upholstery, mattress, ready-to-assemble, and case goods departments.

Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

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