Big Lots, Inc. (BIG) Shares Bought by Meeder Asset Management Inc.
Meeder Asset Management Inc. boosted its stake in shares of Big Lots, Inc. (NYSE:BIG) by 37.8% during the second quarter, Holdings Channel reports. The firm owned 21,067 shares of the company’s stock after buying an additional 5,782 shares during the period. Meeder Asset Management Inc.’s holdings in Big Lots were worth $1,017,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Credit Agricole S A purchased a new position in shares of Big Lots during the fourth quarter valued at about $117,000. Guggenheim Capital LLC raised its position in shares of Big Lots by 60.3% in the fourth quarter. Guggenheim Capital LLC now owns 89,222 shares of the company’s stock valued at $4,480,000 after buying an additional 33,555 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Big Lots by 8.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,630 shares of the company’s stock valued at $383,000 after buying an additional 610 shares during the period. Putnam Investments LLC raised its position in shares of Big Lots by 1.5% in the fourth quarter. Putnam Investments LLC now owns 10,157 shares of the company’s stock valued at $509,000 after buying an additional 154 shares during the period. Finally, Norges Bank purchased a new position in shares of Big Lots during the fourth quarter valued at about $31,377,000.
Big Lots, Inc. (NYSE:BIG) opened at 47.89 on Friday. The stock’s 50 day moving average is $48.26 and its 200-day moving average is $49.92. The firm has a market capitalization of $2.12 billion, a P/E ratio of 13.00 and a beta of 0.85. Big Lots, Inc. has a 1-year low of $42.40 and a 1-year high of $56.54.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, May 26th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.16. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Big Lots had a net margin of 3.20% and a return on equity of 29.88%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.82 earnings per share. Analysts forecast that Big Lots, Inc. will post $4.20 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Friday, June 9th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, June 7th. Big Lots’s dividend payout ratio is currently 27.25%.
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Several equities analysts have recently issued reports on BIG shares. Raymond James Financial, Inc. raised shares of Big Lots from a “market perform” rating to a “strong-buy” rating and set a $60.00 price target for the company in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Monday, May 8th. Oppenheimer Holdings, Inc. set a $60.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research note on Saturday, May 27th. Loop Capital reaffirmed a “buy” rating and issued a $64.00 target price on shares of Big Lots in a research note on Tuesday, May 30th. Finally, ValuEngine lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $57.00.
In other news, insider Michael Allen Schlonsky sold 15,000 shares of Big Lots stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $49.98, for a total transaction of $749,700.00. Following the completion of the transaction, the insider now directly owns 52,104 shares in the company, valued at $2,604,157.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa M. Bachmann sold 9,538 shares of Big Lots stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $51.09, for a total transaction of $487,296.42. Following the transaction, the insider now owns 45,920 shares of the company’s stock, valued at $2,346,052.80. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.
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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