Schroder Investment Management Group Acquires 94,400 Shares of Big Lots, Inc. (BIG)

Schroder Investment Management Group lifted its holdings in Big Lots, Inc. (NYSE:BIG) by 1,573.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100,400 shares of the company’s stock after purchasing an additional 94,400 shares during the period. Schroder Investment Management Group owned about 0.24% of Big Lots worth $5,377,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Wells Fargo & Company MN raised its stake in Big Lots by 8.0% during the 2nd quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock worth $114,175,000 after acquiring an additional 175,972 shares during the period. LSV Asset Management raised its stake in Big Lots by 1.5% during the 2nd quarter. LSV Asset Management now owns 2,240,023 shares of the company’s stock worth $108,193,000 after acquiring an additional 32,600 shares during the period. State Street Corp raised its stake in Big Lots by 1.8% during the 2nd quarter. State Street Corp now owns 1,640,504 shares of the company’s stock worth $79,233,000 after acquiring an additional 28,509 shares during the period. Voya Investment Management LLC raised its stake in Big Lots by 8.5% during the 2nd quarter. Voya Investment Management LLC now owns 1,424,933 shares of the company’s stock worth $68,824,000 after acquiring an additional 111,593 shares during the period. Finally, Old Mutual Global Investors UK Ltd. raised its stake in Big Lots by 37.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock worth $60,100,000 after acquiring an additional 303,207 shares during the period.

In related news, insider Ronald A. Robins, Jr. sold 1,000 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the transaction, the insider now directly owns 7,925 shares of the company’s stock, valued at $404,175. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David J. Campisi sold 96,940 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the completion of the transaction, the chief executive officer now directly owns 99,203 shares of the company’s stock, valued at $5,257,759. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Shares of Big Lots, Inc. (NYSE BIG) opened at $59.55 on Monday. The stock has a market cap of $2,503.05, a P/E ratio of 14.38, a PEG ratio of 1.03 and a beta of 0.99. The company has a current ratio of 1.66, a quick ratio of 0.24 and a debt-to-equity ratio of 0.66. Big Lots, Inc. has a 1 year low of $45.10 and a 1 year high of $60.20.

Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 earnings per share. sell-side analysts expect that Big Lots, Inc. will post 4.27 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, December 14th. Big Lots’s payout ratio is currently 25.58%.

A number of research firms have commented on BIG. Raymond James Financial restated a “buy” rating and set a $67.00 target price on shares of Big Lots in a research note on Saturday, December 2nd. Citigroup set a $69.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research cut shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Telsey Advisory Group raised their target price on shares of Big Lots from $56.00 to $59.00 and gave the stock a “market perform” rating in a research note on Monday, December 4th. Finally, Piper Jaffray Companies set a $52.00 target price on shares of Big Lots and gave the stock a “hold” rating in a research note on Sunday, October 1st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $60.64.

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Big Lots Company 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.

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

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