Vident Investment Advisory LLC purchased a new position in shares of Big Lots, Inc. (NYSE:BIG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 55,227 shares of the company’s stock, valued at approximately $2,959,000. Vident Investment Advisory LLC owned 0.13% of Big Lots at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. grew its holdings in shares of Big Lots by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,834 shares of the company’s stock worth $475,000 after purchasing an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Big Lots by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,536 shares of the company’s stock valued at $316,000 after acquiring an additional 27 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Big Lots by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,722 shares of the company’s stock valued at $1,339,000 after acquiring an additional 109 shares during the period. Suntrust Banks Inc. boosted its holdings in Big Lots by 2.4% during the 2nd quarter. Suntrust Banks Inc. now owns 8,127 shares of the company’s stock valued at $391,000 after acquiring an additional 190 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in Big Lots by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 57,737 shares of the company’s stock valued at $2,789,000 after acquiring an additional 210 shares during the period.
Shares of Big Lots, Inc. (NYSE:BIG) opened at $59.55 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.66 and a quick ratio of 0.24. The stock has a market capitalization of $2,503.05, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.03 and a beta of 0.99. Big Lots, Inc. has a 12-month low of $45.10 and a 12-month high of $60.20.
Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. Big Lots’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. equities research analysts expect that Big Lots, Inc. will post 4.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, December 14th. Big Lots’s dividend payout ratio is currently 25.58%.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Thursday, August 17th. Oppenheimer restated a “buy” rating on shares of Big Lots in a report on Wednesday, September 20th. KeyCorp restated a “buy” rating and set a $63.00 target price on shares of Big Lots in a report on Friday, December 1st. Finally, Telsey Advisory Group raised their target price on Big Lots from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Monday, December 4th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Big Lots currently has an average rating of “Buy” and an average price target of $60.64.
In other Big Lots news, CEO David J. Campisi sold 96,940 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the sale, the chief executive officer now owns 99,203 shares of the company’s stock, valued at approximately $5,257,759. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the sale, the insider now directly owns 7,925 shares in the company, valued at approximately $404,175. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
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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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