First National Bank of Omaha boosted its stake in shares of Big Lots, Inc. (NYSE:BIG) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,847 shares of the company’s stock after acquiring an additional 4,822 shares during the quarter. First National Bank of Omaha owned 0.14% of Big Lots worth $1,575,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. 6 Meridian grew its stake in Big Lots by 15.3% during the 4th quarter. 6 Meridian now owns 12,082 shares of the company’s stock worth $347,000 after purchasing an additional 1,600 shares in the last quarter. Millennium Management LLC grew its stake in Big Lots by 2,236.0% during the 3rd quarter. Millennium Management LLC now owns 415,995 shares of the company’s stock worth $10,191,000 after purchasing an additional 398,187 shares in the last quarter. Man Group plc grew its stake in Big Lots by 59.8% during the 3rd quarter. Man Group plc now owns 205,720 shares of the company’s stock worth $5,040,000 after purchasing an additional 77,023 shares in the last quarter. State Street Corp grew its stake in Big Lots by 2.0% during the 3rd quarter. State Street Corp now owns 1,423,881 shares of the company’s stock worth $34,885,000 after purchasing an additional 28,413 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in Big Lots during the 3rd quarter worth $38,000. Institutional investors own 95.95% of the company’s stock.
BIG has been the subject of several analyst reports. Deutsche Bank boosted their target price on Big Lots from $32.00 to $34.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. ValuEngine raised Big Lots from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Citigroup lowered their target price on Big Lots from $34.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $26.00 target price on shares of Big Lots in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $30.64.
In other Big Lots news, Director Marla C. Gottschalk acquired 1,850 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $27.06 per share, with a total value of $50,061.00. Following the transaction, the director now owns 17,704 shares in the company, valued at approximately $479,070.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ronald A. Robins, Jr. sold 2,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $29.14, for a total value of $58,280.00. Following the transaction, the executive vice president now directly owns 28,532 shares of the company’s stock, valued at $831,422.48. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
NYSE:BIG opened at $28.30 on Friday. The stock has a 50-day simple moving average of $27.10 and a 200-day simple moving average of $23.94. The stock has a market cap of $1.12 billion, a P/E ratio of 7.29, a P/E/G ratio of 1.05 and a beta of 1.39. Big Lots, Inc. has a 1 year low of $18.54 and a 1 year high of $39.53. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.15 and a current ratio of 1.29.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, December 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Big Lots had a return on equity of 23.10% and a net margin of 4.83%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.16) EPS. On average, equities research analysts predict that Big Lots, Inc. will post 3.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.20 annualized dividend and a dividend yield of 4.24%. Big Lots’s dividend payout ratio is currently 29.70%.
Big Lots Profile
Big Lots, Inc, through its subsidiaries, operates as a 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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