Captrust Financial Advisors increased its stake in shares of Big Lots, Inc. (NYSE:BIG) by 263.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 933 shares of the company’s stock after purchasing an additional 676 shares during the quarter. Captrust Financial Advisors’ holdings in Big Lots were worth $27,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Big Lots by 1.3% during the 4th quarter. BlackRock Inc. now owns 4,846,259 shares of the company’s stock worth $140,155,000 after purchasing an additional 62,427 shares in the last quarter. AQR Capital Management LLC increased its position in Big Lots by 9.6% during the 3rd quarter. AQR Capital Management LLC now owns 2,127,047 shares of the company’s stock worth $88,890,000 after purchasing an additional 186,036 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Big Lots by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,735,494 shares of the company’s stock worth $50,189,000 after purchasing an additional 46,712 shares in the last quarter. Bank of New York Mellon Corp increased its position in Big Lots by 12.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,133,425 shares of the company’s stock worth $32,779,000 after purchasing an additional 127,667 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in Big Lots by 1.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 755,176 shares of the company’s stock worth $21,840,000 after purchasing an additional 13,524 shares in the last quarter.

BIG opened at $34.49 on Thursday. Big Lots, Inc. has a fifty-two week low of $26.21 and a fifty-two week high of $50.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.25 and a current ratio of 1.77. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 1.27 and a beta of 1.27.

Big Lots (NYSE:BIG) last posted its earnings results on Friday, March 8th. The company reported $2.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.38. Big Lots had a net margin of 3.00% and a return on equity of 25.67%. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the previous year, the firm posted $2.57 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Big Lots, Inc. will post 3.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, March 21st. Big Lots’s payout ratio is 29.70%.

In other Big Lots news, insider Stephen M. Haffer sold 1,646 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $35.57, for a total transaction of $58,548.22. Following the sale, the insider now directly owns 7,432 shares of the company’s stock, valued at approximately $264,356.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

BIG has been the subject of a number of research analyst reports. Deutsche Bank set a $38.00 price objective on shares of Big Lots and gave the stock a “buy” rating in a research report on Monday, December 10th. Goldman Sachs Group cut shares of Big Lots from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research report on Thursday, January 10th. Morgan Stanley upped their price objective on shares of Big Lots from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, March 11th. Zacks Investment Research lowered shares of Big Lots from a “hold” rating to a “sell” rating in a report on Wednesday, December 12th. Finally, ValuEngine lowered shares of Big Lots from a “sell” rating to a “strong sell” rating in a report on Friday, December 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Big Lots presently has an average rating of “Hold” and an average price target of $42.57.

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Big Lots 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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