Fifth Third Bancorp raised its position in Big Lots, Inc. (NYSE:BIG) by 11.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 323,189 shares of the company’s stock after buying an additional 33,219 shares during the period. Fifth Third Bancorp owned approximately 0.72% of Big Lots worth $15,733,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its position in shares of Big Lots by 7.8% in the first quarter. Legal & General Group Plc now owns 64,919 shares of the company’s stock worth $3,163,000 after buying an additional 4,691 shares in the last quarter. Laurion Capital Management LP purchased a new position in Big Lots during the first quarter valued at $453,000. Clark Capital Management Group Inc. increased its position in Big Lots by 28.2% in the first quarter. Clark Capital Management Group Inc. now owns 159,623 shares of the company’s stock valued at $7,770,000 after buying an additional 35,067 shares during the last quarter. Teachers Advisors LLC increased its position in Big Lots by 3.6% in the first quarter. Teachers Advisors LLC now owns 77,729 shares of the company’s stock valued at $3,784,000 after buying an additional 2,669 shares during the last quarter. Finally, Advantus Capital Management Inc increased its position in shares of Big Lots by 3.1% in the first quarter. Advantus Capital Management Inc now owns 5,705 shares of the company’s stock valued at $278,000 after buying an additional 173 shares in the last quarter.
Shares of Big Lots, Inc. (NYSE:BIG) traded down 0.77% during mid-day trading on Tuesday, reaching $47.80. The company’s stock had a trading volume of 265,372 shares. The company’s 50-day moving average is $48.86 and its 200-day moving average is $50.24. Big Lots, Inc. has a 52 week low of $42.40 and a 52 week high of $56.54. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 12.98 and a beta of 0.90.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, May 26th. The company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.16. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Big Lots had a net margin of 3.20% and a return on equity of 29.88%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. Equities analysts predict that Big Lots, Inc. will post $4.20 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $1.00 annualized dividend and a yield of 2.08%. Big Lots’s dividend payout ratio is presently 27.25%.
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A number of analysts have recently issued reports on the company. Griffin Securities reiterated a “buy” rating on shares of Big Lots in a research report on Friday, March 3rd. Loop Capital reissued a “buy” rating and issued a $64.00 target price on shares of Big Lots in a report on Monday, March 6th. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, February 28th. Oppenheimer Holdings, Inc. set a $60.00 price target on Big Lots and gave the stock a “buy” rating in a research note on Saturday, May 27th. Finally, Citigroup Inc. restated a “buy” rating and issued a $62.00 price target (up previously from $61.00) on shares of Big Lots in a research note on Friday, June 9th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $57.09.
In other Big Lots news, insider Michael Allen Schlonsky sold 8,902 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $48.70, for a total value of $433,527.40. Following the completion of the sale, the insider now directly owns 54,207 shares of the company’s stock, valued at $2,639,880.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa M. Bachmann sold 9,538 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $51.09, for a total transaction of $487,296.42. Following the completion of the sale, the insider now directly owns 45,920 shares of the company’s stock, valued at $2,346,052.80. The disclosure for this sale can be found here. Insiders sold 33,440 shares of company stock valued at $1,670,524 over the last three months. Insiders own 1.60% of the company’s stock.
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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