State of Alaska Department of Revenue lifted its stake in Big Lots, Inc. (NYSE:BIG) by 120.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,968 shares of the company’s stock after purchasing an additional 16,404 shares during the period. State of Alaska Department of Revenue’s holdings in Big Lots were worth $734,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in BIG. Poehling Capital Management LLC increased its holdings in Big Lots by 2.7% during the 2nd quarter. Poehling Capital Management LLC now owns 31,925 shares of the company’s stock valued at $913,000 after acquiring an additional 845 shares in the last quarter. First National Bank of Omaha increased its holdings in Big Lots by 2.5% during the 2nd quarter. First National Bank of Omaha now owns 35,851 shares of the company’s stock valued at $1,026,000 after acquiring an additional 870 shares in the last quarter. Swiss National Bank increased its holdings in Big Lots by 1.4% during the 2nd quarter. Swiss National Bank now owns 74,506 shares of the company’s stock valued at $2,132,000 after acquiring an additional 1,000 shares in the last quarter. Capital Investment Advisory Services LLC purchased a new position in Big Lots during the 2nd quarter valued at about $26,000. Finally, NumerixS Investment Technologies Inc purchased a new position in Big Lots during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 99.04% of the company’s stock.
BIG has been the subject of several recent research reports. Telsey Advisory Group set a $26.00 target price on shares of Big Lots and gave the company a “hold” rating in a report on Tuesday, September 3rd. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a report on Monday, July 22nd. Loop Capital raised their target price on shares of Big Lots to $25.00 and gave the company a “hold” rating in a report on Tuesday, September 3rd. Citigroup dropped their target price on shares of Big Lots from $34.00 to $29.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Barclays dropped their target price on shares of Big Lots from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Big Lots presently has an average rating of “Hold” and a consensus price target of $31.25.
Shares of NYSE BIG opened at $22.14 on Wednesday. The company has a market cap of $866.15 million, a PE ratio of 5.59, a price-to-earnings-growth ratio of 1.45 and a beta of 1.40. Big Lots, Inc. has a 12 month low of $19.83 and a 12 month high of $45.13. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.09 and a quick ratio of 0.17. The company has a 50-day simple moving average of $22.62 and a 200-day simple moving average of $28.19.
Big Lots (NYSE:BIG) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. Big Lots had a net margin of 2.33% and a return on equity of 24.68%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, analysts anticipate that Big Lots, Inc. will post 3.8 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.42%. Big Lots’s dividend payout ratio (DPR) is presently 29.70%.
Big Lots Company Profile
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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