Huntington National Bank continued to hold its position in Big Lots Inc. (NYSE:BIG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,089 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Big Lots were worth $148,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Schonfeld Strategic Advisors LLC bought a new position in Big Lots during the first quarter worth about $480,000. Hancock Holding Co. raised its position in Big Lots by 4.1% in the first quarter. Hancock Holding Co. now owns 16,735 shares of the company’s stock worth $758,000 after buying an additional 652 shares in the last quarter. BlackRock Inc. raised its position in Big Lots by 59.9% in the first quarter. BlackRock Inc. now owns 31,274 shares of the company’s stock worth $1,416,000 after buying an additional 11,721 shares in the last quarter. Renaissance Technologies LLC raised its position in Big Lots by 86.5% in the first quarter. Renaissance Technologies LLC now owns 285,600 shares of the company’s stock worth $12,935,000 after buying an additional 132,500 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in Big Lots by 72.9% in the first quarter. Squarepoint Ops LLC now owns 22,789 shares of the company’s stock worth $1,033,000 after buying an additional 9,612 shares in the last quarter.
Shares of Big Lots Inc. (NYSE:BIG) traded up 0.47% during midday trading on Friday, hitting $47.10. The stock had a trading volume of 541,409 shares. The stock has a 50 day moving average price of $48.97 and a 200-day moving average price of $48.99. Big Lots Inc. has a 52 week low of $33.78 and a 52 week high of $56.30. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 14.65 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 for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.06. Big Lots had a return on equity of 25.68% and a net margin of 2.96%. The firm earned $1.20 billion during the quarter. During the same period in the prior year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts anticipate that Big Lots Inc. will post $3.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.78%. Big Lots’s dividend payout ratio is 26.50%.
BIG has been the subject of a number of analyst reports. Barclays PLC initiated coverage on Big Lots in a research report on Friday, September 23rd. They set an “equal weight” rating and a $51.00 price objective for the company. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, July 15th. MKM Partners restated a “buy” rating and set a $60.00 price objective on shares of Big Lots in a research report on Thursday, August 25th. Citigroup Inc. reduced their price target on Big Lots from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, September 1st. Finally, KeyCorp reduced their price target on Big Lots from $60.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $49.72.
In related news, SVP Andrew D. Stein sold 10,000 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $53.00, for a total transaction of $530,000.00. Following the completion of the sale, the senior vice president now directly owns 26,990 shares of the company’s stock, valued at approximately $1,430,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy A. Johnson sold 12,262 shares of the firm’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $50.88, for a total value of $623,890.56. Following the sale, the insider now directly owns 96,615 shares of the company’s stock, valued at $4,915,771.20. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.
Big Lots Company Profile