Meeder Asset Management Inc. lifted its stake in shares of Big Lots, Inc. (NYSE:BIG) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,132 shares of the company’s stock after purchasing an additional 974 shares during the period. Meeder Asset Management Inc.’s holdings in Big Lots were worth $616,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Morgan Stanley boosted its holdings in Big Lots by 212.1% in the 2nd quarter. Morgan Stanley now owns 855,886 shares of the company’s stock worth $24,487,000 after buying an additional 581,647 shares during the period. Miller Howard Investments Inc. NY bought a new position in Big Lots in the 3rd quarter worth approximately $6,904,000. Landscape Capital Management L.L.C. bought a new position in Big Lots in the 2nd quarter worth approximately $7,365,000. Renaissance Technologies LLC bought a new position in Big Lots in the 2nd quarter worth approximately $6,191,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Big Lots by 4,694.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 187,405 shares of the company’s stock worth $5,362,000 after buying an additional 183,496 shares during the period. Institutional investors own 99.04% of the company’s stock.
NYSE:BIG opened at $20.51 on Monday. Big Lots, Inc. has a one year low of $19.83 and a one year high of $45.13. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.09 and a quick ratio of 0.17. The company’s 50-day simple moving average is $22.64 and its 200 day simple moving average is $27.94. The firm has a market capitalization of $829.86 million, a P/E ratio of 5.08, a PEG ratio of 1.39 and a beta of 1.40.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, August 30th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.40 by $0.13. Big Lots had a net margin of 2.33% and a return on equity of 24.68%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Big Lots’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts expect that Big Lots, Inc. will post 3.8 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.20 annualized dividend and a dividend yield of 5.85%. Big Lots’s payout ratio is 29.70%.
Several research firms recently commented on BIG. Citigroup cut their price objective on shares of Big Lots from $34.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. ValuEngine raised shares of Big Lots from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Barclays cut their price target on shares of Big Lots from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, September 3rd. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a report on Monday, July 22nd. Finally, Telsey Advisory Group set a $26.00 price objective on shares of Big Lots and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Big Lots has a consensus rating of “Hold” and an average price target of $31.25.
In other Big Lots news, SVP Ronald A. Robins, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.42, for a total transaction of $117,100.00. Following the completion of the sale, the senior vice president now directly owns 30,532 shares of the company’s stock, valued at $715,059.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.
Big Lots Profile
Big Lots, Inc, through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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