Paloma Partners Management Co Has $1.01 Million Holdings in Big Lots, Inc. (BIG)

Paloma Partners Management Co boosted its holdings in Big Lots, Inc. (NYSE:BIG) by 12.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,958 shares of the company’s stock after buying an additional 1,928 shares during the period. Paloma Partners Management Co’s holdings in Big Lots were worth $1,008,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. C M Bidwell & Associates Ltd. purchased a new stake in Big Lots in the 4th quarter worth $104,000. Cerebellum GP LLC bought a new position in shares of Big Lots in the 4th quarter valued at about $128,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Big Lots by 78.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock valued at $144,000 after acquiring an additional 1,255 shares during the last quarter. Pitcairn Co. bought a new position in shares of Big Lots in the 4th quarter valued at about $200,000. Finally, Groesbeck Investment Management Corp NJ bought a new position in shares of Big Lots in the 4th quarter valued at about $202,000.

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BIG has been the subject of a number of analyst reports. Citigroup set a $69.00 price target on shares of Big Lots and gave the company a “buy” rating in a report on Tuesday, December 5th. MKM Partners set a $58.00 price target on shares of Big Lots and gave the company a “buy” rating in a report on Monday, March 12th. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Wednesday, January 31st. Loop Capital reaffirmed a “buy” rating and issued a $70.00 price target on shares of Big Lots in a report on Monday, January 29th. Finally, Raymond James Financial reaffirmed a “buy” rating and issued a $67.00 price target on shares of Big Lots in a report on Saturday, December 2nd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $58.83.

In other news, CEO David J. Campisi sold 25,414 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $47.29, for a total transaction of $1,201,828.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timothy A. Johnson sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the transaction, the insider now directly owns 65,649 shares in the company, valued at $3,610,695. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,414 shares of company stock worth $2,649,828. Corporate insiders own 1.70% of the company’s stock.

Shares of Big Lots stock opened at $46.92 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.73 and a quick ratio of 0.25. The stock has a market cap of $1,972.18, a PE ratio of 10.71, a price-to-earnings-growth ratio of 0.71 and a beta of 0.99. Big Lots, Inc. has a 12 month low of $45.10 and a 12 month high of $64.42.

Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, March 9th. The company reported $2.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.14. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.65 billion. Big Lots had a net margin of 3.60% and a return on equity of 31.12%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.26 earnings per share. equities analysts forecast that Big Lots, Inc. will post 4.88 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 22nd. This is a positive change from Big Lots’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.56%. Big Lots’s dividend payout ratio (DPR) is 22.83%.

Big Lots declared that its Board of Directors has approved a share buyback program on Friday, March 9th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

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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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