Allianz Asset Management GmbH grew its stake in shares of Big Lots, Inc. (NYSE:BIG) by 88.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 23,463 shares of the company’s stock after acquiring an additional 11,036 shares during the quarter. Allianz Asset Management GmbH owned about 0.06% of Big Lots worth $671,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. KBC Group NV bought a new stake in shares of Big Lots during the 2nd quarter valued at $94,000. CIBC Asset Management Inc bought a new stake in shares of Big Lots during the 1st quarter valued at $201,000. First Allied Advisory Services Inc. bought a new stake in shares of Big Lots during the 1st quarter worth $233,000. Advisory Services Network LLC lifted its position in shares of Big Lots by 1,845.3% during the 1st quarter. Advisory Services Network LLC now owns 7,256 shares of the company’s stock worth $276,000 after buying an additional 6,883 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Big Lots during the 1st quarter worth $361,000. Hedge funds and other institutional investors own 98.98% of the company’s stock.
In related news, SVP Ronald A. Robins, Jr. sold 5,000 shares of Big Lots stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.42, for a total transaction of $117,100.00. Following the sale, the senior vice president now directly owns 30,532 shares in the company, valued at approximately $715,059.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.
Shares of BIG stock opened at $23.06 on Friday. The company has a quick ratio of 0.17, a current ratio of 1.09 and a debt-to-equity ratio of 2.31. Big Lots, Inc. has a twelve month low of $19.83 and a twelve month high of $45.13. The company has a market cap of $910.84 million, a P/E ratio of 5.71, a P/E/G ratio of 0.79 and a beta of 1.40. The business has a fifty day simple moving average of $22.89 and a 200 day simple moving average of $30.07.
Big Lots (NYSE:BIG) last posted its earnings results on Friday, August 30th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.40 by $0.13. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. Big Lots had a return on equity of 24.68% and a net margin of 2.33%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. As a group, equities research analysts anticipate that Big Lots, Inc. will post 3.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.30 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.20 dividend on an annualized basis and a yield of 5.20%. Big Lots’s dividend payout ratio (DPR) is presently 29.70%.
BIG has been the subject of several recent analyst reports. Bank of America set a $23.00 price objective on Big Lots and gave the stock a “sell” rating in a research report on Wednesday, June 26th. Zacks Investment Research downgraded Big Lots from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research report on Monday, July 22nd. KeyCorp dropped their price objective on Big Lots from $44.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, June 3rd. Piper Jaffray Companies downgraded Big Lots from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $44.00 to $31.00 in a research report on Friday, May 24th. Finally, Barclays dropped their price objective on Big Lots from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.83.
Big Lots 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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