Big Lots, Inc. (NYSE:BIG) shares hit a new 52-week high on Friday . The stock traded as high as $60.61 and last traded at $60.68, with a volume of 622559 shares trading hands. The stock had previously closed at $58.82.

Several brokerages recently weighed in on BIG. Oppenheimer reaffirmed a “market perform” rating on shares of Big Lots in a research note on Wednesday, January 10th. Citigroup cut Big Lots from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. They noted that the move was a valuation call. UBS Group cut Big Lots from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. 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 research note on Monday, December 4th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $60.64.

The company has a market cap of $2,570.00, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.02 and a beta of 0.99. The company has a current ratio of 1.66, a quick ratio of 0.24 and a debt-to-equity ratio of 0.66.

Big Lots (NYSE:BIG) last announced its earnings results on Friday, December 1st. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $0.04 earnings per share. Big Lots’s revenue was up .5% compared to the same quarter last year. equities research analysts anticipate that Big Lots, Inc. will post 4.27 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Thursday, December 14th. Big Lots’s dividend payout ratio is 25.51%.

In other news, insider Timothy A. Johnson sold 20,000 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the completion of the sale, the insider now directly owns 65,649 shares of the company’s stock, valued at $3,610,695. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey Paul Berger sold 6,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $58.00, for a total value of $348,000.00. Following the sale, the director now directly owns 7,566 shares of the company’s stock, valued at $438,828. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BIG. Balyasny Asset Management LLC lifted its stake in Big Lots by 43.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,080,139 shares of the company’s stock worth $52,171,000 after acquiring an additional 326,620 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its stake in Big Lots by 37.0% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock worth $60,100,000 after acquiring an additional 303,207 shares in the last quarter. Stifel Financial Corp lifted its stake in Big Lots by 631.7% in the 2nd quarter. Stifel Financial Corp now owns 261,342 shares of the company’s stock worth $12,651,000 after acquiring an additional 225,625 shares in the last quarter. APG Asset Management N.V. purchased a new stake in Big Lots in the 3rd quarter worth about $11,523,000. Finally, Voya Investment Management LLC lifted its stake in Big Lots by 8.5% in the 2nd quarter. Voya Investment Management LLC now owns 1,424,933 shares of the company’s stock worth $68,824,000 after acquiring an additional 111,593 shares in the last quarter.

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Big Lots Company 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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