O Shares Investment Advisers LLC Has $280,000 Stake in Big Lots, Inc. (NYSE:BIG)

O Shares Investment Advisers LLC lessened its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 10.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,376 shares of the company’s stock after selling 864 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Big Lots were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Big Lots by 24.4% during the 1st quarter. BlackRock Inc. now owns 6,030,976 shares of the company’s stock valued at $229,299,000 after buying an additional 1,184,717 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Big Lots by 15.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,997,770 shares of the company’s stock valued at $75,954,000 after acquiring an additional 262,276 shares during the last quarter. FMR LLC increased its holdings in Big Lots by 178.5% in the 4th quarter. FMR LLC now owns 1,846,371 shares of the company’s stock valued at $53,397,000 after acquiring an additional 1,183,400 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Big Lots by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,133,425 shares of the company’s stock valued at $32,779,000 after acquiring an additional 127,667 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in Big Lots by 1.8% in the 4th quarter. Deprince Race & Zollo Inc. now owns 755,176 shares of the company’s stock valued at $21,840,000 after acquiring an additional 13,524 shares during the last quarter.

A number of brokerages have issued reports on BIG. Telsey Advisory Group reiterated a “market perform” rating and issued a $32.00 price target (down from $40.00) on shares of Big Lots in a report on Monday, June 3rd. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating and set a $23.00 price target on the stock. in a report on Wednesday, May 29th. ValuEngine downgraded shares of Big Lots from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 15th. KeyCorp reduced their price target on shares of Big Lots from $44.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, June 3rd. Finally, Bank of America downgraded shares of Big Lots from a “buy” rating to an “underperform” rating and set a $26.20 price target on the stock. in a report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $33.47.

In related news, EVP Michael Allen Schlonsky sold 5,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $38.99, for a total transaction of $194,950.00. Following the transaction, the executive vice president now directly owns 67,296 shares in the company, valued at approximately $2,623,871.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas E. Padovano sold 4,734 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $38.19, for a total transaction of $180,791.46. Following the transaction, the insider now owns 10,776 shares in the company, valued at $411,535.44. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Big Lots stock opened at $29.16 on Friday. Big Lots, Inc. has a twelve month low of $25.73 and a twelve month high of $50.35. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.17 and a current ratio of 1.25. The stock has a market capitalization of $1.16 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44.

Big Lots (NYSE:BIG) last posted its earnings results on Friday, May 31st. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.22. Big Lots had a net margin of 2.68% and a return on equity of 25.61%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.95 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Big Lots, Inc. will post 3.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.12%. Big Lots’s dividend payout ratio (DPR) is presently 29.70%.

Big Lots declared that its Board of Directors has approved a stock repurchase plan on Friday, March 8th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a 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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