GSA Capital Partners LLP Buys New Holdings in Big Lots, Inc. (BIG)

GSA Capital Partners LLP bought a new position in shares of Big Lots, Inc. (NYSE:BIG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 17,702 shares of the company’s stock, valued at approximately $512,000.

Other hedge funds also recently made changes to their positions in the company. We Are One Seven LLC bought a new stake in Big Lots in the fourth quarter worth $71,000. PNC Financial Services Group Inc. lifted its holdings in shares of Big Lots by 37.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,990 shares of the company’s stock worth $115,000 after purchasing an additional 1,090 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Big Lots by 753.1% during the third quarter. Tower Research Capital LLC TRC now owns 3,438 shares of the company’s stock worth $144,000 after purchasing an additional 3,035 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Big Lots during the third quarter worth about $167,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Big Lots by 6.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,163 shares of the company’s stock worth $207,000 after purchasing an additional 405 shares during the period.

A number of equities research analysts recently commented on BIG shares. 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. Loop Capital reduced their price target on Big Lots from $43.00 to $32.00 and set a “hold” rating for the company in a research report on Friday, December 7th. ValuEngine cut Big Lots from a “sell” rating to a “strong sell” rating in a research report on Friday, December 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $34.00 price target (down from $45.00) on shares of Big Lots in a research report on Monday, December 10th. Finally, KeyCorp reduced their price target on Big Lots from $53.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday, December 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Big Lots currently has a consensus rating of “Hold” and an average target price of $43.07.

Shares of BIG opened at $35.35 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.77 and a quick ratio of 0.27. Big Lots, Inc. has a one year low of $26.21 and a one year high of $50.35. The company has a market cap of $1.42 billion, a P/E ratio of 8.75, a PEG ratio of 1.29 and a beta of 1.27.

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

The company 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 dividend yield of 3.39%. The ex-dividend date is Thursday, March 21st. Big Lots’s payout ratio is 29.70%.

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Big Lots Profile

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 décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

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