Acadian Asset Management LLC Reduces Position in Big Lots, Inc. (BIG)

Acadian Asset Management LLC reduced its holdings in Big Lots, Inc. (NYSE:BIG) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,881 shares of the company’s stock after selling 86,854 shares during the quarter. Acadian Asset Management LLC owned 0.89% of Big Lots worth $21,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of Big Lots by 4.2% in the third quarter. Wells Fargo & Company MN now owns 2,462,092 shares of the company’s stock worth $131,894,000 after acquiring an additional 98,203 shares in the last quarter. State Street Corp increased its position in shares of Big Lots by 1.8% in the second quarter. State Street Corp now owns 1,640,504 shares of the company’s stock worth $79,233,000 after acquiring an additional 28,509 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Big Lots by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,458,840 shares of the company’s stock worth $78,150,000 after acquiring an additional 4,634 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Big Lots by 8.5% in the second quarter. Voya Investment Management LLC now owns 1,424,933 shares of the company’s stock worth $68,824,000 after acquiring an additional 111,593 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its position in shares of Big Lots by 37.0% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock worth $60,100,000 after acquiring an additional 303,207 shares in the last quarter.

Big Lots, Inc. (NYSE BIG) opened at $61.18 on Friday. Big Lots, Inc. has a 1 year low of $45.10 and a 1 year high of $61.23. The company has a market cap of $2,486.66, a P/E ratio of 15.65, a P/E/G ratio of 1.03 and a beta of 0.99. The company has a current ratio of 1.66, a quick ratio of 0.24 and a debt-to-equity ratio of 0.66.

Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, December 1st. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. equities analysts anticipate that Big Lots, Inc. will post 4.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Thursday, December 14th. Big Lots’s dividend payout ratio (DPR) is presently 25.58%.

Several research analysts have recently weighed in on BIG shares. KeyCorp reissued a “buy” rating and issued a $58.00 target price on shares of Big Lots in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Morgan Stanley started coverage on shares of Big Lots in a research report on Monday, September 25th. They issued an “overweight” rating and a $58.00 target price on the stock. Citigroup set a $69.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Finally, Raymond James Financial reissued a “buy” rating and issued a $67.00 target price on shares of Big Lots in a research report on Saturday, December 2nd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $60.64.

In other Big Lots news, insider Timothy A. Johnson sold 20,000 shares of Big Lots stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $55.00, for a total value of $1,100,000.00. Following the completion of the sale, the insider now directly owns 65,649 shares in the company, valued at $3,610,695. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey Paul Berger sold 6,000 shares of Big Lots stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $58.00, for a total transaction of $348,000.00. Following the completion of the sale, the director now owns 7,566 shares of the company’s stock, valued at $438,828. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

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Big Lots Profile

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.

Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

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