American International Group Inc. Trims Stake in Big Lots, Inc. (BIG)

American International Group Inc. reduced its position in Big Lots, Inc. (NYSE:BIG) by 3.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 107,924 shares of the company’s stock after selling 3,555 shares during the period. American International Group Inc. owned 0.27% of Big Lots worth $4,510,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Foundry Partners LLC lifted its holdings in shares of Big Lots by 2.5% in the 3rd quarter. Foundry Partners LLC now owns 185,718 shares of the company’s stock valued at $7,761,000 after purchasing an additional 4,480 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Big Lots by 117.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 582,059 shares of the company’s stock valued at $24,316,000 after purchasing an additional 314,080 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Big Lots by 37.2% in the 2nd quarter. US Bancorp DE now owns 8,011 shares of the company’s stock valued at $335,000 after purchasing an additional 2,174 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Big Lots by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 81,960 shares of the company’s stock valued at $3,424,000 after purchasing an additional 2,340 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Big Lots by 380.7% in the 2nd quarter. Renaissance Technologies LLC now owns 510,000 shares of the company’s stock valued at $21,308,000 after purchasing an additional 403,900 shares during the last quarter.

BIG opened at $31.00 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.69 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 6.97, a P/E/G ratio of 1.07 and a beta of 0.95. Big Lots, Inc. has a 52 week low of $30.32 and a 52 week high of $64.42.

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, December 7th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.15). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Big Lots had a net margin of 3.14% and a return on equity of 27.83%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. On average, equities research analysts expect that Big Lots, Inc. will post 4.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.87%. The ex-dividend date is Thursday, December 13th. Big Lots’s dividend payout ratio is presently 26.97%.

BIG has been the subject of several research reports. Loop Capital reduced their target price on Big Lots from $43.00 to $32.00 and set a “hold” rating for the company in a report on Friday. ValuEngine raised Big Lots from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Bank of America initiated coverage on Big Lots in a report on Monday, November 5th. They issued a “buy” rating and a $56.00 target price for the company. Finally, Piper Jaffray Companies raised Big Lots from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $43.00 to $53.00 in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $50.81.

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Big Lots Company 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 d├ęcor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

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