Big Lots, Inc. (BIG) Stake Held by Royce & Associates LP
Royce & Associates LP maintained its stake in Big Lots, Inc. (NYSE:BIG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,196 shares of the company’s stock at the close of the second quarter. Royce & Associates LP owned approximately 0.09% of Big Lots worth $1,845,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in Big Lots by 3,846.5% in the 1st quarter. BlackRock Inc. now owns 6,101,011 shares of the company’s stock valued at $296,996,000 after buying an additional 5,946,417 shares in the last quarter. Vanguard Group Inc. lifted its stake in Big Lots by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 5,474,133 shares of the company’s stock worth $266,480,000 after purchasing an additional 368,464 shares in the last quarter. State Street Corp lifted its stake in Big Lots by 0.8% in the 1st quarter. State Street Corp now owns 1,611,995 shares of the company’s stock worth $78,474,000 after purchasing an additional 12,308 shares in the last quarter. Sasco Capital Inc. CT lifted its stake in Big Lots by 0.5% in the 2nd quarter. Sasco Capital Inc. CT now owns 1,542,300 shares of the company’s stock worth $74,493,000 after purchasing an additional 7,840 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Big Lots by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,471,107 shares of the company’s stock worth $71,614,000 after purchasing an additional 93,137 shares in the last quarter.
In related news, insider Lisa M. Bachmann sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $51.00, for a total transaction of $2,040,000.00. Following the transaction, the insider now owns 48,089 shares of the company’s stock, valued at $2,452,539. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David J. Campisi sold 28,875 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the transaction, the chief executive officer now directly owns 225,018 shares in the company, valued at approximately $11,259,900.72. The disclosure for this sale can be found here. Insiders have sold 73,577 shares of company stock worth $3,717,951 in the last three months. Insiders own 1.70% of the company’s stock.
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Shares of Big Lots, Inc. (BIG) opened at 48.89 on Thursday. The stock’s 50 day moving average is $49.48 and its 200 day moving average is $49.05. Big Lots, Inc. has a 52-week low of $42.40 and a 52-week high of $56.54. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 12.67 and a beta of 0.92.
Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.05. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 earnings per share. On average, equities analysts expect that Big Lots, Inc. will post $4.24 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 7th. Big Lots’s payout ratio is 26.04%.
A number of research analysts have weighed in on the stock. Oppenheimer Holdings, Inc. set a $60.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research note on Saturday, May 27th. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Thursday, August 17th. BidaskClub lowered shares of Big Lots from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. ValuEngine lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Loop Capital reissued a “buy” rating and issued a $64.00 target price on shares of Big Lots in a research note on Tuesday, May 30th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Big Lots has an average rating of “Buy” and an average target price of $57.42.
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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