Credit Agricole S A purchased a new position in shares of Big Lots, Inc. (NYSE:BIG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,329 shares of the company’s stock, valued at approximately $117,000.
Several other hedge funds also recently modified their holdings of BIG. Bayesian Capital Management LP acquired a new position in shares of Big Lots during the fourth quarter worth about $246,000. Gideon Capital Advisors Inc. acquired a new position in shares of Big Lots during the fourth quarter worth about $361,000. Empirical Finance LLC acquired a new position in shares of Big Lots during the fourth quarter worth about $1,003,000. Marshall Wace LLP acquired a new position in shares of Big Lots during the fourth quarter worth about $244,000. Finally, Royce & Associates LP boosted its position in shares of Big Lots by 104.7% in the fourth quarter. Royce & Associates LP now owns 38,196 shares of the company’s stock worth $1,918,000 after buying an additional 19,535 shares in the last quarter.
Big Lots, Inc. (NYSE:BIG) traded down 0.24% during mid-day trading on Friday, reaching $49.69. 878,806 shares of the company’s stock were exchanged. The company has a 50-day moving average of $49.22 and a 200-day moving average of $49.62. Big Lots, Inc. has a 52-week low of $41.61 and a 52-week high of $56.54. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 14.96 and a beta of 0.89.
The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were given a $0.25 dividend. The ex-dividend date was Wednesday, March 15th. This is an increase from Big Lots’s previous quarterly dividend of $0.21. This represents a $1.00 dividend on an annualized basis and a yield of 2.01%. Big Lots’s dividend payout ratio (DPR) is currently 26.01%.
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BIG has been the topic of several research reports. Zacks Investment Research cut shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Thursday, December 29th. Susquehanna Bancshares Inc began coverage on shares of Big Lots in a research report on Friday, February 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Loop Capital reiterated a “buy” rating and issued a $64.00 price target on shares of Big Lots in a research note on Monday, March 6th. Finally, Griffin Securities reiterated a “buy” rating on shares of Big Lots in a research note on Friday, March 3rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Big Lots has a consensus rating of “Buy” and an average price target of $55.82.
In related news, insider Michael Allen Schlonsky sold 8,902 shares of the firm’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $48.70, for a total value of $433,527.40. Following the completion of the sale, the insider now directly owns 54,207 shares in the company, valued at $2,639,880.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timothy A. Johnson sold 4,406 shares of Big Lots stock in a transaction on Monday, March 13th. The stock was sold at an average price of $51.15, for a total value of $225,366.90. Following the sale, the insider now owns 75,557 shares of the company’s stock, valued at $3,864,740.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,308 shares of company stock valued at $1,240,304. 1.60% of the stock is owned by corporate insiders.
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.
