2,329 Shares in Big Lots, Inc. (BIG) Acquired by Credit Agricole S A

Credit Agricole S A acquired a new position in shares of Big Lots, Inc. (NYSE:BIG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,329 shares of the company’s stock, valued at approximately $117,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BIG. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Big Lots during the fourth quarter worth $4,628,000. Foster & Motley Inc. raised its position in shares of Big Lots by 10.2% in the third quarter. Foster & Motley Inc. now owns 11,132 shares of the company’s stock worth $532,000 after buying an additional 1,028 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its position in shares of Big Lots by 470.4% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 102,903 shares of the company’s stock worth $4,913,000 after buying an additional 84,863 shares during the last quarter. Chicago Equity Partners LLC raised its position in shares of Big Lots by 8.6% in the third quarter. Chicago Equity Partners LLC now owns 192,685 shares of the company’s stock worth $9,201,000 after buying an additional 15,300 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in shares of Big Lots by 2.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 6,133 shares of the company’s stock worth $293,000 after buying an additional 121 shares during the last quarter.

Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

Big Lots, Inc. (NYSE:BIG) opened at 48.16 on Friday. The firm’s 50 day moving average price is $51.08 and its 200 day moving average price is $49.52. Big Lots, Inc. has a 12 month low of $41.61 and a 12 month high of $56.54. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 14.50 and a beta of 0.89.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, March 3rd. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. The business earned $1.58 billion during the quarter, compared to the consensus estimate of $1.59 billion. Big Lots had a net margin of 3.02% and a return on equity of 27.08%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.00 earnings per share. On average, equities research analysts predict that Big Lots, Inc. will post $4.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be given a $0.25 dividend. The ex-dividend date is Wednesday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from Big Lots’s previous quarterly dividend of $0.21. Big Lots’s dividend payout ratio is 26.01%.

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Several research analysts recently commented on the company. Griffin Securities reiterated a “buy” rating on shares of Big Lots in a research report on Friday, March 3rd. Loop Capital reiterated a “buy” rating and issued a $64.00 price target on shares of Big Lots in a research report on Monday, March 6th. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Tuesday, February 28th. Finally, Susquehanna Bancshares Inc assumed coverage on Big Lots in a research report on Friday, February 10th. They issued a “neutral” rating and a $55.00 price target for the company. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Big Lots has a consensus rating of “Buy” and an average target price of $55.82.

In other Big Lots news, Director Philip E. Mallott sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $53.00, for a total value of $530,000.00. Following the completion of the transaction, the director now owns 25,202 shares in the company, valued at $1,335,706. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Timothy A. Johnson sold 4,406 shares of the company’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $51.15, for a total transaction of $225,366.90. Following the completion of the transaction, the insider now owns 75,557 shares of the company’s stock, valued at approximately $3,864,740.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,406 shares of company stock valued at $806,777. Insiders own 1.60% of the company’s stock.

Big Lots Company Profile

5 Day Chart for NYSE:BIG

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