Trexquant Investment LP reduced its stake in shares of Big Lots, Inc. (NYSE:BIG) by 56.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,571 shares of the company’s stock after selling 8,429 shares during the period. Trexquant Investment LP’s holdings in Big Lots were worth $352,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Big Lots by 36.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 304,663 shares of the company’s stock valued at $16,317,000 after buying an additional 81,964 shares during the period. Legal & General Group Plc raised its position in shares of Big Lots by 3.8% during the 3rd quarter. Legal & General Group Plc now owns 73,026 shares of the company’s stock valued at $3,916,000 after buying an additional 2,681 shares during the period. ETRADE Capital Management LLC purchased a new stake in shares of Big Lots during the 3rd quarter valued at approximately $1,262,000. American International Group Inc. raised its position in shares of Big Lots by 1.8% during the 3rd quarter. American International Group Inc. now owns 120,603 shares of the company’s stock valued at $6,461,000 after buying an additional 2,095 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Big Lots during the 3rd quarter valued at approximately $200,000.
BIG has been the topic of several analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $57.00 price target (up previously from $56.00) on shares of Big Lots in a research report on Saturday, August 26th. Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $52.00 price target on shares of Big Lots in a research report on Friday, September 1st. Loop Capital set a $64.00 price target on shares of Big Lots and gave the company a “buy” rating in a research report on Wednesday, August 30th. Finally, BidaskClub raised shares of Big Lots from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $60.64.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 earnings per share. equities research analysts expect that Big Lots, Inc. will post 4.24 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Thursday, December 14th. Big Lots’s payout ratio is 25.58%.
In other Big Lots news, insider Ronald A. Robins, Jr. sold 1,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the transaction, the insider now owns 7,925 shares in the company, valued at $404,175. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the completion of the transaction, the chief executive officer now owns 99,203 shares of the company’s stock, valued at approximately $5,257,759. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
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About Big Lots
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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