Nationwide Fund Advisors Decreases Position in Big Lots, Inc. (BIG)
Nationwide Fund Advisors trimmed its stake in Big Lots, Inc. (NYSE:BIG) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,351 shares of the company’s stock after selling 3,386 shares during the quarter. Nationwide Fund Advisors owned approximately 0.23% of Big Lots worth $5,269,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of BIG. IFP Advisors Inc grew its stake in Big Lots by 13.6% in the second quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock valued at $113,000 after purchasing an additional 280 shares in the last quarter. Whittier Trust Co. bought a new position in Big Lots in the third quarter valued at approximately $178,000. BKS Advisors LLC bought a new position in Big Lots in the second quarter valued at approximately $203,000. Balasa Dinverno & Foltz LLC bought a new position in Big Lots in the third quarter valued at approximately $223,000. Finally, Jennison Associates LLC grew its stake in Big Lots by 6.9% in the second quarter. Jennison Associates LLC now owns 5,352 shares of the company’s stock valued at $259,000 after purchasing an additional 347 shares in the last quarter.
In other news, insider Ronald A. Robins, Jr. sold 1,000 shares of Big Lots stock in a transaction on Monday, September 25th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the transaction, the insider now owns 7,925 shares in the company, valued at approximately $404,175. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David J. Campisi sold 96,940 shares of Big Lots stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the transaction, the chief executive officer now owns 99,203 shares in the company, valued at approximately $5,257,759. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Shares of Big Lots, Inc. (BIG) opened at $55.84 on Thursday. The firm has a market capitalization of $2,334.08, a P/E ratio of 13.41, a P/E/G ratio of 0.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.24 and a current ratio of 1.66. Big Lots, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $60.20.
Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, December 1st. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. During the same period last year, the firm posted $0.04 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. analysts predict that Big Lots, Inc. will post 4.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.79%. Big Lots’s dividend payout ratio (DPR) is presently 25.58%.
A number of research firms have recently issued reports on BIG. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Citigroup set a $69.00 price objective on Big Lots and gave the company a “buy” rating in a research report on Tuesday, December 5th. Telsey Advisory Group raised their price objective on Big Lots from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Monday, December 4th. Raymond James Financial reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Big Lots in a research report on Saturday, December 2nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Big Lots in a research report on Friday, December 1st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $60.64.
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Big Lots Company Profile
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
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