Amalgamated Bank boosted its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 5.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,456 shares of the company’s stock after purchasing an additional 332 shares during the quarter. Amalgamated Bank’s holdings in Big Lots were worth $312,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of BIG. IFP Advisors Inc boosted its position in Big Lots by 13.6% during the second quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock worth $113,000 after purchasing an additional 280 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in Big Lots during the first quarter worth approximately $123,000. LS Investment Advisors LLC boosted its position in Big Lots by 19.4% during the second quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock worth $177,000 after purchasing an additional 596 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Big Lots by 1.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock worth $191,000 after purchasing an additional 68 shares in the last quarter. Finally, BKS Advisors LLC purchased a new position in Big Lots during the second quarter worth approximately $203,000.
Several equities analysts have recently weighed in on the company. Deutsche Bank AG restated a “buy” rating and issued a $57.00 target price (up previously from $56.00) on shares of Big Lots in a research report on Saturday, August 26th. Zacks Investment Research downgraded Big Lots from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Piper Jaffray Companies restated a “hold” rating and issued a $52.00 target price on shares of Big Lots in a research report on Friday, September 1st. Loop Capital set a $64.00 target price on Big Lots and gave the company a “buy” rating in a research report on Wednesday, August 30th. Finally, BidaskClub upgraded Big Lots from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Big Lots presently has an average rating of “Buy” and an average price target of $57.83.
In other news, Director Russell Solt sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $51.50, for a total transaction of $108,150.00. Following the sale, the director now owns 10,041 shares of the company’s stock, valued at approximately $517,111.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David J. Campisi sold 28,875 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $50.04, for a total value of $1,444,905.00. Following the sale, the chief executive officer now directly owns 225,018 shares in the company, valued at approximately $11,259,900.72. The disclosure for this sale can be found here. Insiders have sold a total of 171,517 shares of company stock worth $8,906,771 in the last three months. Corporate insiders own 1.70% of the company’s stock.
Big Lots, Inc. (NYSE:BIG) opened at 52.82 on Wednesday. The stock has a 50 day moving average price of $50.05 and a 200 day moving average price of $49.14. The stock has a market cap of $2.24 billion, a P/E ratio of 13.69 and a beta of 0.96. Big Lots, Inc. has a 52-week low of $42.40 and a 52-week high of $56.54.
Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, August 25th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ 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%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 EPS. On average, equities research analysts forecast that Big Lots, Inc. will post $4.24 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, September 7th. Big Lots’s dividend payout ratio (DPR) is 26.04%.
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Big Lots 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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