Mason Street Advisors LLC bought a new stake in Big Lots Inc. (NYSE:BIG) during the second quarter, Holdings Channel reports. The institutional investor bought 20,236 shares of the company’s stock, valued at approximately $1,014,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. LS Investment Advisors LLC increased 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 during the last quarter. American Financial Group Inc. acquired a new position in shares of Big Lots during the second quarter valued at approximately $211,000. Advance Capital I Inc. acquired a new position in shares of Big Lots during the second quarter valued at approximately $215,000. KBC Group NV acquired a new position in shares of Big Lots during the second quarter valued at approximately $252,000. Finally, OLD National Bancorp IN acquired a new position in shares of Big Lots during the first quarter valued at approximately $278,000.
Shares of Big Lots Inc. (NYSE:BIG) opened at 46.22 on Tuesday. The company has a 50 day moving average of $50.85 and a 200-day moving average of $48.89. The company has a market cap of $2.06 billion, a PE ratio of 14.38 and a beta of 0.66. Big Lots Inc. has a 52-week low of $33.78 and a 52-week high of $56.30.
Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, August 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.06. The business had revenue of $1.20 billion for the quarter. Big Lots had a net margin of 2.96% and a return on equity of 25.68%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 EPS. Analysts forecast that Big Lots Inc. will post $3.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a $0.21 dividend. The ex-dividend date was Wednesday, September 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.82%. Big Lots’s dividend payout ratio is currently 26.50%.
Several brokerages have recently commented on BIG. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Monday, August 29th. Barclays PLC assumed coverage on shares of Big Lots in a research report on Friday. They issued an “equal weight” rating and a $51.00 price objective for the company. Oppenheimer Holdings Inc. assumed coverage on shares of Big Lots in a research report on Friday, June 3rd. They issued an “outperform” rating and a $52.35 price objective for the company. MKM Partners restated a “buy” rating and issued a $60.00 price objective on shares of Big Lots in a research report on Thursday, August 25th. Finally, Northcoast Research cut shares of Big Lots from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Big Lots currently has an average rating of “Hold” and a consensus price target of $49.03.
In other Big Lots news, EVP Michael Allen Schlonsky sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $50.27, for a total value of $754,050.00. Following the sale, the executive vice president now owns 51,439 shares in the company, valued at $2,585,838.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrew D. Stein sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $53.00, for a total transaction of $530,000.00. Following the completion of the sale, the senior vice president now owns 26,990 shares in the company, valued at approximately $1,430,470. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.
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.