Goldman Sachs Group Inc. Has $38.50 Million Stake in Big Lots, Inc. (BIG)
Goldman Sachs Group Inc. trimmed its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 797,082 shares of the company’s stock after selling 88,552 shares during the quarter. Goldman Sachs Group Inc. owned 1.80% of Big Lots worth $38,499,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Big Lots by 3,846.5% during the first quarter. BlackRock Inc. now owns 6,101,011 shares of the company’s stock worth $296,996,000 after acquiring an additional 5,946,417 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Big Lots by 7.2% during the first quarter. Vanguard Group Inc. now owns 5,474,133 shares of the company’s stock worth $266,480,000 after acquiring an additional 368,464 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Big Lots by 8.0% during the second quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock worth $114,175,000 after acquiring an additional 175,972 shares during the last quarter. LSV Asset Management increased its position in shares of Big Lots by 1.5% during the second quarter. LSV Asset Management now owns 2,240,023 shares of the company’s stock worth $108,193,000 after acquiring an additional 32,600 shares during the last quarter. Finally, State Street Corp increased its position in shares of Big Lots by 0.8% during the first quarter. State Street Corp now owns 1,611,995 shares of the company’s stock worth $78,474,000 after acquiring an additional 12,308 shares during the last quarter.
A number of analysts have recently issued reports on BIG shares. BidaskClub lowered Big Lots from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, July 11th. Deutsche Bank AG raised Big Lots from a “hold” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $56.00 in a research report on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. set a $60.00 target price on Big Lots and gave the stock a “buy” rating in a research report on Friday, August 25th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $57.50.
In related news, CEO David J. Campisi sold 28,875 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total value of $1,444,905.00. Following the completion of the transaction, the chief executive officer now owns 225,018 shares of the company’s stock, valued at $11,259,900.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $5,137,820.00. Following the completion of the transaction, the chief executive officer now directly owns 99,203 shares of the company’s stock, valued at approximately $5,257,759. The disclosure for this sale can be found here. Insiders have sold 171,517 shares of company stock valued at $8,906,771 in the last ninety days. 1.70% of the stock is owned by company insiders.
Shares of Big Lots, Inc. (NYSE BIG) opened at 53.42 on Monday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 13.85 and a beta of 0.96. Big Lots, Inc. has a one year low of $42.40 and a one year high of $56.54. The company has a 50-day moving average price of $49.85 and a 200 day moving average price of $49.06.
Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, August 25th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, analysts forecast that Big Lots, Inc. will post $4.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, September 7th. Big Lots’s dividend payout ratio is currently 26.04%.
Big Lots Profile
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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