Emerald Advisers Inc. PA decreased its stake in Big Lots Inc. (NYSE:BIG) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,277 shares of the company’s stock after selling 275 shares during the period. Emerald Advisers Inc. PA’s holdings in Big Lots were worth $665,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of BIG. LS Investment Advisors LLC boosted its position in shares of Big Lots by 48.8% in the second quarter. LS Investment Advisors LLC now owns 2,716 shares of the company’s stock valued at $136,000 after buying an additional 891 shares in the last quarter. Parkwood LLC bought a new position in shares of Big Lots during the second quarter valued at $291,000. Emerald Mutual Fund Advisers Trust boosted its position in shares of Big Lots by 6.4% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 6,012 shares of the company’s stock valued at $301,000 after buying an additional 364 shares in the last quarter. Menta Capital LLC bought a new position in shares of Big Lots during the first quarter valued at $297,000. Finally, BlackRock Japan Co. Ltd boosted its position in shares of Big Lots by 7,438.8% in the first quarter. BlackRock Japan Co. Ltd now owns 7,388 shares of the company’s stock valued at $335,000 after buying an additional 7,290 shares in the last quarter.
Big Lots Inc. (NYSE:BIG) traded up 1.033% during midday trading on Wednesday, hitting $46.455. The company’s stock had a trading volume of 522,401 shares. Big Lots Inc. has a 52-week low of $33.78 and a 52-week high of $56.30. The company has a market cap of $2.07 billion, a PE ratio of 14.454 and a beta of 0.77. The stock has a 50 day moving average of $48.56 and a 200 day moving average of $49.05.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, August 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.06. Big Lots had a return on equity of 25.68% and a net margin of 2.96%. The company had revenue of $1.20 billion for the quarter. During the same quarter last year, the business posted $0.40 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, equities analysts expect that Big Lots Inc. will post $3.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.83%. Big Lots’s dividend payout ratio (DPR) is currently 26.50%.
BIG has been the subject of several analyst reports. Citigroup Inc. dropped their price objective on Big Lots from $62.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, September 1st. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Big Lots in a report on Tuesday, August 2nd. Northcoast Research cut Big Lots from a “buy” rating to a “neutral” rating in a report on Tuesday, August 2nd. Finally, MKM Partners reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Big Lots in a report on Thursday, August 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $49.72.
In other news, insider Timothy A. Johnson sold 12,262 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $50.88, for a total transaction of $623,890.56. Following the transaction, the insider now directly owns 96,615 shares of the company’s stock, valued at $4,915,771.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.
About Big Lots
Want to see what other hedge funds are holding BIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Big Lots Inc. (NYSE:BIG).
Receive News & Ratings for Big Lots Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots Inc. and related companies with MarketBeat.com's FREE daily email newsletter.