Big Lots, Inc. (BIG) Shares Sold by Arrowstreet Capital Limited Partnership
Arrowstreet Capital Limited Partnership lessened its position in Big Lots, Inc. (NYSE:BIG) by 94.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,493 shares of the company’s stock after selling 597,930 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.08% of Big Lots worth $1,811,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in shares of Big Lots by 8.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock valued at $114,175,000 after acquiring an additional 175,972 shares in the last quarter. Paloma Partners Management Co lifted its position in shares of Big Lots by 44.6% in the 1st quarter. Paloma Partners Management Co now owns 33,287 shares of the company’s stock valued at $1,621,000 after acquiring an additional 10,269 shares in the last quarter. State Street Corp lifted its position in shares of Big Lots by 0.8% in the 1st quarter. State Street Corp now owns 1,611,995 shares of the company’s stock valued at $78,474,000 after acquiring an additional 12,308 shares in the last quarter. BlackRock Inc. lifted its position in shares of 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 acquiring an additional 5,946,417 shares in the last quarter. Finally, Capital One National Association lifted its position in shares of Big Lots by 5.3% in the 2nd quarter. Capital One National Association now owns 43,119 shares of the company’s stock valued at $2,083,000 after acquiring an additional 2,159 shares in the last quarter.
Big Lots, Inc. (NYSE BIG) opened at 52.52 on Friday. Big Lots, Inc. has a 52 week low of $42.40 and a 52 week high of $56.54. The stock’s 50 day moving average is $50.70 and its 200 day moving average is $49.32. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 13.61 and a beta of 0.96.
Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. The firm had revenue of $1.22 billion for 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 business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Equities research analysts expect that Big Lots, Inc. will post $4.24 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Thursday, September 7th. Big Lots’s dividend payout ratio is presently 26.04%.
In other news, insider Ronald A. Robins, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the sale, the insider now owns 7,925 shares of the company’s stock, valued at $404,175. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 99,203 shares in the company, valued at approximately $5,257,759. The disclosure for this sale can be found here. In the last three months, insiders sold 171,517 shares of company stock worth $8,906,771. 1.70% of the stock is currently owned by insiders.
BIG has been the subject of several research analyst reports. Deutsche Bank AG restated a “buy” rating and issued a $57.00 price target (up previously from $56.00) on shares of Big Lots in a research report on Saturday, August 26th. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Piper Jaffray Companies restated a “hold” rating and issued a $52.00 price target on shares of Big Lots in a research report on Friday, September 1st. Loop Capital set a $64.00 price target on shares of Big Lots and gave the company a “buy” rating in a research report on Wednesday, August 30th. Finally, BidaskClub upgraded shares of Big Lots from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Big Lots presently has an average rating of “Buy” and a consensus price target of $57.83.
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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