New York State Common Retirement Fund raised its position in Big Lots, Inc. (NYSE:BIG) by 63.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 155,682 shares of the company’s stock after purchasing an additional 60,500 shares during the period. New York State Common Retirement Fund’s holdings in Big Lots were worth $4,502,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of BIG. FMR LLC increased its stake in Big Lots by 117.1% in the 3rd quarter. FMR LLC now owns 662,971 shares of the company’s stock valued at $27,706,000 after buying an additional 357,611 shares during the last quarter. Carillon Tower Advisers Inc. increased its stake in shares of Big Lots by 385.5% during the 3rd quarter. Carillon Tower Advisers Inc. now owns 301,875 shares of the company’s stock worth $12,615,000 after purchasing an additional 239,700 shares during the last quarter. Tyvor Capital LLC purchased a new stake in shares of Big Lots during the 3rd quarter worth approximately $9,756,000. Canada Pension Plan Investment Board increased its stake in shares of Big Lots by 57.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 627,699 shares of the company’s stock worth $18,152,000 after purchasing an additional 229,500 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Big Lots by 9.6% during the 3rd quarter. AQR Capital Management LLC now owns 2,127,047 shares of the company’s stock worth $88,890,000 after purchasing an additional 186,036 shares during the last quarter.
Several brokerages have recently issued reports on BIG. Deutsche Bank lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. Zacks Investment Research upgraded shares of Big Lots from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Morgan Stanley raised their price target on shares of Big Lots from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, March 11th. Bank of America raised their price target on shares of Big Lots from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, March 11th. Finally, ValuEngine lowered shares of Big Lots from a “sell” rating to a “strong sell” rating in a research note on Friday, December 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $42.57.
BIG opened at $35.21 on Friday. The company has a market capitalization of $1.41 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. Big Lots, Inc. has a 12 month low of $26.21 and a 12 month high of $50.35. The company has a quick ratio of 0.27, a current ratio of 1.77 and a debt-to-equity ratio of 0.75.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, March 8th. The company reported $2.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.38. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.60 billion. Big Lots had a net margin of 3.00% and a return on equity of 25.67%. Big Lots’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm earned $2.57 EPS. On average, equities analysts expect that Big Lots, Inc. will post 3.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 22nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, March 21st. Big Lots’s dividend payout ratio (DPR) is presently 29.70%.
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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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