Big Lots, Inc. (BIG) Stake Lessened by GAM Holding AG

GAM Holding AG trimmed its position in Big Lots, Inc. (NYSE:BIG) by 17.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 25,314 shares of the company’s stock after selling 5,336 shares during the period. GAM Holding AG’s holdings in Big Lots were worth $1,058,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Big Lots by 1.8% in the second quarter. BlackRock Inc. now owns 5,110,859 shares of the company’s stock worth $213,532,000 after buying an additional 90,820 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Big Lots by 13.8% in the second quarter. LSV Asset Management now owns 2,563,773 shares of the company’s stock worth $107,114,000 after buying an additional 310,800 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Big Lots by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,688,782 shares of the company’s stock worth $70,573,000 after buying an additional 94,193 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Big Lots by 15.7% in the third quarter. Victory Capital Management Inc. now owns 945,276 shares of the company’s stock worth $39,503,000 after buying an additional 128,370 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Big Lots by 1.2% in the second quarter. Northern Trust Corp now owns 868,651 shares of the company’s stock worth $36,293,000 after buying an additional 9,884 shares in the last quarter.

A number of brokerages recently weighed in on BIG. ValuEngine downgraded shares of Big Lots from a “sell” rating to a “strong sell” rating in a research note on Friday. Loop Capital lowered their target price on shares of Big Lots from $43.00 to $32.00 and set a “hold” rating on the stock in a research note on Friday. Bank of America began coverage on shares of Big Lots in a research note on Monday, November 5th. They issued a “buy” rating and a $56.00 target price on the stock. Finally, Piper Jaffray Companies raised shares of Big Lots from a “neutral” rating to an “overweight” rating and raised their target price for the company from $43.00 to $53.00 in a research note on Monday, November 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Big Lots has a consensus rating of “Buy” and an average target price of $50.81.

Shares of BIG opened at $31.00 on Friday. The company has a market capitalization of $1.61 billion, a P/E ratio of 9.66, a P/E/G ratio of 1.03 and a beta of 0.95. The company has a current ratio of 1.69, a quick ratio of 0.32 and a debt-to-equity ratio of 0.70. Big Lots, Inc. has a 1-year low of $30.32 and a 1-year high of $64.42.

Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, December 7th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.15). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. On average, analysts anticipate that Big Lots, Inc. will post 4.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Thursday, December 13th. Big Lots’s dividend payout ratio (DPR) is presently 26.97%.

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Big Lots Company Profile

Big Lots, Inc, through its subsidiaries, operates as a community 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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Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

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