Putnam Investments LLC raised its position in Big Lots, Inc. (NYSE:BIG) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,157 shares of the company’s stock after buying an additional 154 shares during the period. Putnam Investments LLC’s holdings in Big Lots were worth $509,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Credit Agricole S A bought a new stake in shares of Big Lots during the fourth quarter worth $117,000. Tyers Asset Management LLC bought a new stake in shares of Big Lots during the fourth quarter worth $118,000. BKS Advisors LLC bought a new stake in shares of Big Lots during the third quarter worth $117,000. Flinton Capital Management LLC bought a new stake in shares of Big Lots during the fourth quarter worth $143,000. Finally, LS Investment Advisors LLC raised its stake in shares of Big Lots by 5.6% in the third quarter. LS Investment Advisors LLC now owns 2,868 shares of the company’s stock worth $137,000 after buying an additional 152 shares during the period.
Big Lots, Inc. (NYSE:BIG) traded down 0.24% on Friday, hitting $49.69. 878,684 shares of the company traded hands. The stock’s 50-day moving average is $49.29 and its 200 day moving average is $49.60. The stock has a market cap of $2.23 billion, a PE ratio of 14.96 and a beta of 0.89. Big Lots, Inc. has a 12 month low of $41.61 and a 12 month high of $56.54.
Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, March 3rd. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.04. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. Big Lots had a net margin of 3.02% and a return on equity of 27.08%. Big Lots’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company posted $2.00 earnings per share. Equities research analysts expect that Big Lots, Inc. will post $4.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were paid a $0.25 dividend. This is an increase from Big Lots’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.01%. Big Lots’s dividend payout ratio (DPR) is presently 26.01%.
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Several equities research analysts have commented on the stock. Loop Capital reaffirmed a “buy” rating and issued a $64.00 price target on shares of Big Lots in a report on Monday, March 6th. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Tuesday, February 28th. Susquehanna Bancshares Inc assumed coverage on shares of Big Lots in a report on Friday, February 10th. They issued a “neutral” rating and a $55.00 price target on the stock. Finally, Griffin Securities reaffirmed a “buy” rating on shares of Big Lots in a report on Friday, March 3rd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $55.82.
In other Big Lots news, insider Michael Allen Schlonsky sold 8,902 shares of Big Lots stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $48.70, for a total transaction of $433,527.40. Following the sale, the insider now owns 54,207 shares in the company, valued at $2,639,880.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of Big Lots stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $51.41, for a total transaction of $51,410.00. Following the sale, the insider now owns 4,471 shares in the company, valued at approximately $229,854.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,308 shares of company stock worth $1,240,304. 1.60% of the stock is currently owned by corporate 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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