Big Lots, Inc. (NYSE:BIG) insider Stephen M. Haffer sold 1,646 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.57, for a total value of $58,548.22. Following the completion of the sale, the insider now directly owns 7,432 shares of the company’s stock, valued at approximately $264,356.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Big Lots stock traded down $0.14 on Friday, reaching $35.21. 9,289,587 shares of the stock were exchanged, compared to its average volume of 1,607,764. The company has a quick ratio of 0.27, a current ratio of 1.77 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. Big Lots, Inc. has a twelve month low of $26.21 and a twelve month high of $50.35.

Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, March 8th. The company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.38. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Big Lots had a return on equity of 25.67% and a net margin of 3.00%. Big Lots’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned $2.57 earnings per share. Research analysts anticipate that Big Lots, Inc. will post 3.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 22nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.41%. The ex-dividend date is Thursday, March 21st. Big Lots’s dividend payout ratio is currently 29.70%.

A number of equities research analysts recently commented on BIG shares. Morgan Stanley downgraded Big Lots from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $43.00 to $33.00 in a report on Monday, January 7th. Piper Jaffray Companies raised Big Lots from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $43.00 to $53.00 in a report on Monday, November 19th. Zacks Investment Research raised Big Lots from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Goldman Sachs Group downgraded Big Lots from a “buy” rating to a “neutral” rating and set a $34.00 target price for the company. in a report on Thursday, January 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $34.00 target price (down previously from $45.00) on shares of Big Lots in a report on Monday, December 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.57.

A number of hedge funds have recently made changes to their positions in BIG. First Trust Advisors LP raised its position in Big Lots by 193.1% during the third quarter. First Trust Advisors LP now owns 139,669 shares of the company’s stock valued at $5,837,000 after acquiring an additional 92,022 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Big Lots during the third quarter valued at approximately $831,000. Stone Ridge Asset Management LLC raised its position in Big Lots by 28.9% during the third quarter. Stone Ridge Asset Management LLC now owns 23,940 shares of the company’s stock valued at $1,000,000 after acquiring an additional 5,373 shares in the last quarter. Bessemer Group Inc. raised its position in Big Lots by 2.5% during the third quarter. Bessemer Group Inc. now owns 157,153 shares of the company’s stock valued at $6,567,000 after acquiring an additional 3,871 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in Big Lots during the third quarter valued at approximately $167,000.

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About Big Lots

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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