Allianz Asset Management GmbH lessened its position in Big Lots, Inc. (NYSE:BIG) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 452,655 shares of the company’s stock after selling 32,914 shares during the period. Allianz Asset Management GmbH owned about 1.13% of Big Lots worth $18,916,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in Big Lots by 13,578.9% during the 2nd quarter. Victory Capital Management Inc. now owns 816,906 shares of the company’s stock worth $34,131,000 after buying an additional 810,934 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in Big Lots during the 3rd quarter worth about $30,994,000. Marshall Wace LLP acquired a new position in Big Lots during the 2nd quarter worth about $24,740,000. Segall Bryant & Hamill LLC acquired a new position in Big Lots during the 2nd quarter worth about $23,659,000. Finally, Renaissance Technologies LLC lifted its position in Big Lots by 380.7% during the 2nd quarter. Renaissance Technologies LLC now owns 510,000 shares of the company’s stock worth $21,308,000 after buying an additional 403,900 shares in the last quarter.
Several brokerages recently issued reports on BIG. ValuEngine downgraded shares of Big Lots from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 13th. Loop Capital upped their price target on shares of Big Lots from $48.00 to $48.00 and gave the stock a “hold” rating in a research report on Monday, August 27th. Piper Jaffray Companies upgraded shares of Big Lots from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $43.00 to $53.00 in a research report on Monday, November 19th. Finally, Bank of America began coverage on shares of Big Lots in a research report on Monday, November 5th. They set a “buy” rating and a $56.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $50.81.
Shares of NYSE:BIG opened at $31.00 on Friday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 1.07 and a beta of 0.95. Big Lots, Inc. has a 1-year low of $30.32 and a 1-year high of $64.42. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32.
Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, December 7th. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.15). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, sell-side analysts expect that Big Lots, Inc. will post 4.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.20 annualized dividend and a yield of 3.87%. Big Lots’s dividend payout ratio is currently 26.97%.
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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 décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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