GAM Holding AG cut its stake in shares of Big Lots, Inc. (NYSE:BIG) by 17.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,314 shares of the company’s stock after selling 5,336 shares during the period. GAM Holding AG owned approximately 0.06% of Big Lots worth $1,058,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of Big Lots by 2.8% in the first quarter. Principal Financial Group Inc. now owns 232,097 shares of the company’s stock valued at $10,103,000 after purchasing an additional 6,409 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Big Lots in the second quarter valued at about $2,750,000. Janney Montgomery Scott LLC raised its holdings in shares of Big Lots by 21.5% in the second quarter. Janney Montgomery Scott LLC now owns 20,235 shares of the company’s stock valued at $845,000 after purchasing an additional 3,584 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Big Lots by 13,578.9% in the second quarter. Victory Capital Management Inc. now owns 816,906 shares of the company’s stock valued at $34,131,000 after purchasing an additional 810,934 shares during the last quarter. Finally, Jennison Associates LLC purchased a new stake in shares of Big Lots in the second quarter valued at about $569,000.
BIG has been the subject of several analyst reports. Piper Jaffray Companies upgraded shares of Big Lots from a “neutral” rating to an “overweight” rating and increased their target price for the company from $43.00 to $53.00 in a report on Monday, November 19th. ValuEngine upgraded shares of Big Lots from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. Bank of America initiated coverage on shares of Big Lots in a report on Monday, November 5th. They issued a “buy” rating and a $56.00 target price for the company. Finally, Loop Capital increased their target price on shares of Big Lots from $48.00 to $48.00 and gave the company a “hold” rating in a report on Monday, August 27th. 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. Big Lots has an average rating of “Buy” and an average target price of $50.81.
BIG opened at $31.00 on Friday. The stock has a market cap of $1.61 billion, a P/E ratio of 9.66, a P/E/G ratio of 1.03 and a beta of 0.95. 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, Inc. has a fifty-two week low of $30.32 and a fifty-two week high of $64.42.
Big Lots (NYSE:BIG) last posted its quarterly earnings results 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 company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Big Lots had a net margin of 3.14% and a return on equity of 27.83%. Big Lots’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. Analysts predict that Big Lots, Inc. will post 4.44 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given 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 payout ratio is currently 26.97%.
About Big Lots
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.
Recommended Story: Bear Market
Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.