Meeder Asset Management Inc. trimmed its stake in Big Lots, Inc. (NYSE:BIG) by 18.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,890 shares of the company’s stock after selling 2,944 shares during the period. Meeder Asset Management Inc.’s holdings in Big Lots were worth $373,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of BIG. AQR Capital Management LLC grew its holdings in Big Lots by 9.6% during the 3rd quarter. AQR Capital Management LLC now owns 2,127,047 shares of the company’s stock worth $88,890,000 after acquiring an additional 186,036 shares during the period. Dimensional Fund Advisors LP grew its holdings in Big Lots by 5.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,688,782 shares of the company’s stock worth $70,573,000 after acquiring an additional 94,193 shares during the period. Victory Capital Management Inc. grew its holdings in Big Lots by 15.7% during the 3rd quarter. Victory Capital Management Inc. now owns 945,276 shares of the company’s stock worth $39,503,000 after acquiring an additional 128,370 shares during the period. Northern Trust Corp grew its holdings in Big Lots by 1.2% during the 2nd quarter. Northern Trust Corp now owns 868,651 shares of the company’s stock worth $36,293,000 after acquiring an additional 9,884 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new stake in Big Lots during the 3rd quarter worth about $30,994,000.
In other Big Lots news, CEO Bruce K. Thorn purchased 8,500 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average price of $29.46 per share, with a total value of $250,410.00. Following the transaction, the chief executive officer now owns 8,500 shares in the company, valued at $250,410. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.
A number of analysts have weighed in on the company. Morgan Stanley decreased their price target on Big Lots from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, December 10th. Telsey Advisory Group reissued a “market perform” rating and set a $34.00 price objective (down previously from $45.00) on shares of Big Lots in a research report on Monday, December 10th. Loop Capital cut their price objective on shares of Big Lots from $43.00 to $32.00 and set a “hold” rating on the stock in a research report on Friday, December 7th. KeyCorp cut their price objective on shares of Big Lots from $53.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, December 10th. Finally, Raymond James cut their price objective on shares of Big Lots from $48.00 to $36.00 and set an “outperform” rating on the stock in a research report on Monday, December 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $44.25.
BIG stock opened at $32.25 on Wednesday. The stock has a market cap of $1.28 billion, a PE ratio of 7.25, a P/E/G ratio of 0.99 and a beta of 1.41. The company has a current ratio of 1.71, a quick ratio of 0.27 and a debt-to-equity ratio of 1.05. Big Lots, Inc. has a 1 year low of $26.21 and a 1 year high of $64.42.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, December 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.15). Big Lots had a return on equity of 26.11% and a net margin of 2.91%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $0.06 EPS. Big Lots’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that Big Lots, Inc. will post 3.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, December 14th were given a $0.30 dividend. The ex-dividend date was Thursday, December 13th. This represents a $1.20 annualized dividend and a yield of 3.72%. Big Lots’s payout ratio is 26.97%.
Big Lots Profile
Big Lots, Inc, through its subsidiaries, operates as a community 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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