Louisiana State Employees Retirement System lowered its stake in shares of Big Lots Inc. (NYSE:BIG) by 13.9% during the second quarter, Holdings Channel reports. The fund owned 11,800 shares of the company’s stock after selling 1,900 shares during the period. Louisiana State Employees Retirement System’s holdings in Big Lots were worth $591,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of BIG. LS Investment Advisors LLC boosted its stake in Big Lots by 48.8% in the second quarter. LS Investment Advisors LLC now owns 2,716 shares of the company’s stock valued at $136,000 after buying an additional 891 shares during the last quarter. Parkwood LLC purchased a new stake in Big Lots during the second quarter valued at $291,000. Menta Capital LLC purchased a new stake in Big Lots during the first quarter valued at $297,000. BlackRock Japan Co. Ltd boosted its stake in Big Lots by 7,438.8% in the first quarter. BlackRock Japan Co. Ltd now owns 7,388 shares of the company’s stock valued at $335,000 after buying an additional 7,290 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in Big Lots by 28.3% in the first quarter. M&T Bank Corp now owns 7,420 shares of the company’s stock valued at $335,000 after buying an additional 1,637 shares during the last quarter.
Big Lots Inc. (NYSE:BIG) traded down 0.91% during midday trading on Friday, reaching $44.81. 1,021,940 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $47.78 and its 200-day moving average is $49.01. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 13.94 and a beta of 0.77. Big Lots Inc. has a 12-month low of $33.78 and a 12-month high of $56.30.
Big Lots (NYSE:BIG) last released its quarterly earnings data 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 firm had revenue of $1.20 billion for the quarter. During the same quarter in the prior year, the business posted $0.40 earnings per share. Big Lots’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts forecast that Big Lots Inc. will post $3.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid 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 dividend yield of 1.87%. Big Lots’s dividend payout ratio is presently 26.50%.
Several research firms have weighed in on BIG. KeyCorp cut their price objective on Big Lots from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, October 6th. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Monday, August 29th. Citigroup Inc. lowered their target price on shares of Big Lots from $62.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, September 1st. Barclays PLC started coverage on shares of Big Lots in a report on Friday, September 23rd. They set an “equal weight” rating and a $51.00 target price for the company. Finally, Northcoast Research lowered shares of Big Lots from a “buy” rating to a “neutral” rating in a report on Tuesday, August 2nd. One 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 has an average rating of “Hold” and an average price target of $49.72.
In other news, insider Timothy A. Johnson sold 12,262 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $50.88, for a total transaction of $623,890.56. Following the transaction, the insider now directly owns 96,615 shares in the company, valued at $4,915,771.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.
Big Lots Company Profile