Winslow Asset Management Inc. Boosts Stake in Big Lots, Inc. (BIG)

Winslow Asset Management Inc. lifted its stake in Big Lots, Inc. (NYSE:BIG) by 21.7% during the third quarter, Holdings Channel reports. The fund owned 75,562 shares of the company’s stock after purchasing an additional 13,450 shares during the quarter. Winslow Asset Management Inc.’s holdings in Big Lots were worth $3,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in shares of Big Lots in the second quarter worth $552,000. Somerset Trust Co bought a new stake in Big Lots in the second quarter worth $429,000. US Bancorp DE boosted its holdings in Big Lots by 37.2% in the second quarter. US Bancorp DE now owns 8,011 shares of the company’s stock worth $335,000 after purchasing an additional 2,174 shares in the last quarter. Rhumbline Advisers boosted its holdings in Big Lots by 2.9% in the second quarter. Rhumbline Advisers now owns 81,960 shares of the company’s stock worth $3,424,000 after purchasing an additional 2,340 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Big Lots by 380.7% in the second quarter. Renaissance Technologies LLC now owns 510,000 shares of the company’s stock worth $21,308,000 after purchasing an additional 403,900 shares in the last quarter.

BIG has been the subject of a number of recent research reports. ValuEngine cut shares of Big Lots from a “sell” rating to a “strong sell” rating in a report on Saturday, September 1st. Citigroup initiated coverage on shares of Big Lots in a report on Friday, July 6th. They issued a “buy” rating for the company. Zacks Investment Research upgraded shares of Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 price objective for the company in a report on Wednesday, August 1st. TheStreet upgraded shares of Big Lots from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. Finally, Goldman Sachs Group initiated coverage on shares of Big Lots in a report on Thursday, July 19th. They issued a “buy” rating and a $47.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Big Lots currently has a consensus rating of “Hold” and a consensus price target of $51.43.

BIG stock traded down $3.39 during mid-day trading on Thursday, reaching $40.23. 227,249 shares of the stock traded hands, compared to its average volume of 1,434,817. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32. Big Lots, Inc. has a 52 week low of $36.20 and a 52 week high of $64.42. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 0.78 and a beta of 1.02.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, August 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.08). Big Lots had a net margin of 3.14% and a return on equity of 27.83%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $0.67 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Equities analysts expect that Big Lots, Inc. will post 4.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, September 13th. Big Lots’s dividend payout ratio (DPR) is 26.97%.

In other Big Lots news, EVP Lisa M. Bachmann sold 29,733 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $48.85, for a total transaction of $1,452,457.05. Following the completion of the sale, the executive vice president now directly owns 61,630 shares in the company, valued at $3,010,625.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Ronald A. Robins, Jr. sold 5,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $46.00, for a total transaction of $230,000.00. Following the sale, the senior vice president now owns 14,545 shares of the company’s stock, valued at $669,070. The disclosure for this sale can be found here. Insiders have sold 48,250 shares of company stock valued at $2,319,663 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

About Big Lots

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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