ClariVest Asset Management LLC raised its position in Big Lots Inc. (NYSE:BIG) by 15.6% during the second quarter, Holdings Channel reports. The fund owned 36,366 shares of the company’s stock after buying an additional 4,900 shares during the period. ClariVest Asset Management LLC’s holdings in Big Lots were worth $1,823,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of Big Lots by 472.4% in the second quarter. Acadian Asset Management LLC now owns 1,767,743 shares of the company’s stock worth $88,582,000 after buying an additional 1,458,925 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Big Lots during the second quarter worth about $22,950,000. Bessemer Group Inc. acquired a new stake in shares of Big Lots during the first quarter worth about $6,784,000. Geode Capital Management LLC raised its stake in shares of Big Lots by 40.8% in the first quarter. Geode Capital Management LLC now owns 479,913 shares of the company’s stock worth $21,734,000 after buying an additional 139,099 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of Big Lots during the second quarter worth about $6,806,000.
Shares of Big Lots Inc. (NYSE:BIG) traded up 1.142% during trading on Wednesday, hitting $46.505. The stock had a trading volume of 488,818 shares. The stock’s 50-day moving average price is $48.56 and its 200 day moving average price is $49.05. Big Lots Inc. has a one year low of $33.78 and a one year high of $56.30. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 14.470 and a beta of 0.77.
Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, August 26th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.06. Big Lots had a net margin of 2.96% and a return on equity of 25.68%. The company earned $1.20 billion during the quarter. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, equities analysts forecast that Big Lots Inc. will post $3.53 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Wednesday, September 7th. Big Lots’s dividend payout ratio (DPR) is 26.50%.
A number of analysts have recently issued reports on BIG shares. MKM Partners reaffirmed a “buy” rating and set a $60.00 target price on shares of Big Lots in a research report on Thursday, August 25th. Zacks Investment Research lowered Big Lots from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating and set a $49.00 target price on shares of Big Lots in a research report on Tuesday, August 2nd. Northcoast Research lowered Big Lots from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 2nd. Finally, Barclays PLC began coverage on Big Lots in a report on Friday, September 23rd. They issued an “equal weight” rating and a $51.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Big Lots presently has an average rating of “Hold” and an average target price of $49.72.
In other Big Lots news, insider Timothy A. Johnson sold 12,262 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $50.88, for a total transaction of $623,890.56. Following the completion of the sale, the insider now directly owns 96,615 shares in the company, valued at $4,915,771.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.
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