Janney Montgomery Scott LLC Has $227,000 Position in Big Lots Inc. (BIG)
Janney Montgomery Scott LLC decreased its stake in Big Lots Inc. (NYSE:BIG) by 28.5% during the second quarter, Holdings Channel reports. The firm owned 5,888 shares of the company’s stock after selling 2,350 shares during the period. Janney Montgomery Scott LLC’s holdings in Big Lots were worth $227,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. LS Investment Advisors LLC increased its position in Big Lots by 48.8% in the second quarter. LS Investment Advisors LLC now owns 2,716 shares of the company’s stock valued at $136,000 after buying an additional 891 shares during the period. KBC Group NV acquired a new position in Big Lots during the second quarter valued at $252,000. OLD National Bancorp IN acquired a new position in Big Lots during the first quarter valued at $278,000. Parkwood LLC acquired a new position in Big Lots during the second quarter valued at $291,000. Finally, Menta Capital LLC acquired a new position in Big Lots during the first quarter valued at $297,000.
Shares of Big Lots Inc. (NYSE:BIG) traded down 0.59% during midday trading on Monday, reaching $47.00. The company’s stock had a trading volume of 1,176,247 shares. Big Lots Inc. has a 12 month low of $33.78 and a 12 month high of $56.30. The stock’s 50-day moving average is $52.31 and its 200 day moving average is $48.63. The stock has a market capitalization of $2.09 billion, a P/E ratio of 14.62 and a beta of 0.66.
Big Lots (NYSE:BIG) last issued its earnings results on Friday, August 26th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. Big Lots had a return on equity of 25.68% and a net margin of 2.96%. The firm had revenue of $1.20 billion for the quarter. During the same quarter last year, the firm earned $0.40 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts expect that Big Lots Inc. will post $3.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.79%. Big Lots’s dividend payout ratio (DPR) is currently 26.50%.
Several research firms recently weighed in on BIG. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Monday, August 29th. Oppenheimer Holdings Inc. began coverage on Big Lots in a research report on Friday, June 3rd. They set an “outperform” rating and a $52.35 target price on the stock. MKM Partners reiterated a “buy” rating and set a $60.00 target price on shares of Big Lots in a research report on Thursday, August 25th. Deutsche Bank AG downgraded Big Lots from a “buy” rating to a “hold” rating and reduced their target price for the stock from $49.00 to $47.00 in a research report on Monday, May 23rd. Finally, Northcoast Research downgraded Big Lots from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $49.11.
In other Big Lots news, SVP Andrew D. Stein sold 10,000 shares of the business’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $53.00, for a total value of $530,000.00. Following the transaction, the senior vice president now owns 26,990 shares in the company, valued at $1,430,470. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Paul Berger sold 7,500 shares of the business’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $50.07, for a total value of $375,525.00. Following the completion of the transaction, the director now owns 18,302 shares in the company, valued at approximately $916,381.14. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
Big Lots Company Profile
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