Nationwide Fund Advisors Has $4.91 Million Position in Big Lots, Inc. (BIG)
Nationwide Fund Advisors boosted its stake in shares of Big Lots, Inc. (NYSE:BIG) by 1.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,737 shares of the company’s stock after purchasing an additional 1,365 shares during the quarter. Nationwide Fund Advisors owned approximately 0.23% of Big Lots worth $4,914,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. LaSalle Street Capital Management LLC acquired a new position in Big Lots during the 2nd quarter valued at approximately $455,000. Teachers Advisors LLC boosted its position in Big Lots by 4.2% during the 2nd quarter. Teachers Advisors LLC now owns 80,967 shares of the company’s stock valued at $3,911,000 after purchasing an additional 3,238 shares during the period. Riverhead Capital Management LLC boosted its position in Big Lots by 78.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,696 shares of the company’s stock valued at $275,000 after purchasing an additional 2,496 shares during the period. Martingale Asset Management L P boosted its position in Big Lots by 0.8% during the 2nd quarter. Martingale Asset Management L P now owns 104,433 shares of the company’s stock valued at $5,045,000 after purchasing an additional 801 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Big Lots by 8.0% during the 2nd quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock valued at $114,175,000 after purchasing an additional 175,972 shares during the period.
In other Big Lots news, Director Russell Solt sold 2,100 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $51.50, for a total value of $108,150.00. Following the transaction, the director now directly owns 10,041 shares in the company, valued at approximately $517,111.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David J. Campisi sold 96,940 shares of the 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 $5,257,759. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 171,517 shares of company stock worth $8,906,771. 1.70% of the stock is owned by corporate insiders.
Shares of Big Lots, Inc. (NYSE BIG) opened at 52.61 on Friday. Big Lots, Inc. has a 52 week low of $42.40 and a 52 week high of $56.54. The firm’s 50-day moving average price is $49.74 and its 200 day moving average price is $49.03. The company has a market cap of $2.23 billion, a P/E ratio of 13.64 and a beta of 0.96.
Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, August 25th. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. Big Lots’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. On average, equities analysts predict that Big Lots, Inc. will post $4.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. Big Lots’s dividend payout ratio (DPR) is presently 26.04%.
A number of research analysts recently issued reports on the company. BidaskClub upgraded Big Lots from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Piper Jaffray Companies set a $52.00 price objective on Big Lots and gave the company a “hold” rating in a research report on Sunday, October 1st. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, July 28th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Big Lots in a research report on Wednesday, September 20th. Finally, Deutsche Bank AG restated a “buy” rating and set a $57.00 price objective (up previously from $56.00) on shares of Big Lots in a research report on Saturday, August 26th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $57.54.
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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