Jefferies Group LLC raised its holdings in Big Lots (NYSE:BIG) by 109.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,512 shares of the company’s stock after buying an additional 14,912 shares during the quarter. Jefferies Group LLC owned about 0.07% of Big Lots worth $1,601,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. C M Bidwell & Associates Ltd. purchased a new position in shares of Big Lots in the 4th quarter valued at approximately $104,000. Cerebellum GP LLC purchased a new position in shares of Big Lots in the 4th quarter valued at approximately $128,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Big Lots by 78.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock valued at $144,000 after purchasing an additional 1,255 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Big Lots in the 3rd quarter valued at approximately $200,000. Finally, Pitcairn Co. purchased a new position in Big Lots during the fourth quarter valued at $200,000.
In related news, CEO David J. Campisi sold 20,657 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $43.73, for a total value of $903,330.61. Following the sale, the chief executive officer now directly owns 170,560 shares in the company, valued at $7,458,588.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David J. Campisi sold 25,414 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $47.29, for a total value of $1,201,828.06. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
NYSE:BIG opened at $43.06 on Friday. Big Lots has a 52-week low of $42.36 and a 52-week high of $64.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.73 and a quick ratio of 0.25. The stock has a market cap of $1,864.15, a price-to-earnings ratio of 9.68, a P/E/G ratio of 0.67 and a beta of 1.13.
Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, March 9th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.14. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.65 billion. Big Lots had a return on equity of 31.12% and a net margin of 3.60%. Big Lots’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.26 earnings per share. equities research analysts predict that Big Lots will post 4.88 EPS for the current year.
Big Lots announced that its Board of Directors has initiated a share repurchase plan on Friday, March 9th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Friday, March 23rd were paid a $0.30 dividend. This is a positive change from Big Lots’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, March 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.79%. Big Lots’s dividend payout ratio is 26.97%.
A number of research analysts have issued reports on the company. ValuEngine cut Big Lots from a “buy” rating to a “hold” rating in a research note on Thursday, March 22nd. Barclays reiterated a “hold” rating and set a $50.00 price objective on shares of Big Lots in a research note on Thursday, March 15th. Northcoast Research restated a “neutral” rating on shares of Big Lots in a research note on Monday, March 12th. Citigroup restated a “hold” rating and issued a $56.00 price target on shares of Big Lots in a research note on Tuesday, March 13th. Finally, Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.83.
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Big Lots Company Profile
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.
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