Big Lots, Inc. (BIG) Holdings Trimmed by Deprince Race & Zollo Inc.

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Deprince Race & Zollo Inc. lowered its stake in shares of Big Lots, Inc. (NYSE:BIG) by 12.0% during the first quarter, HoldingsChannel.com reports. The firm owned 664,458 shares of the company’s stock after selling 90,718 shares during the period. Deprince Race & Zollo Inc.’s holdings in Big Lots were worth $25,263,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BIG. Captrust Financial Advisors raised its stake in Big Lots by 263.0% during the fourth quarter. Captrust Financial Advisors now owns 933 shares of the company’s stock worth $27,000 after purchasing an additional 676 shares during the period. NumerixS Investment Technologies Inc purchased a new position in shares of Big Lots in the 4th quarter valued at $31,000. We Are One Seven LLC purchased a new position in shares of Big Lots in the 4th quarter valued at $71,000. PNC Financial Services Group Inc. raised its stake in shares of Big Lots by 37.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,990 shares of the company’s stock valued at $115,000 after acquiring an additional 1,090 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Big Lots by 753.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,438 shares of the company’s stock valued at $144,000 after acquiring an additional 3,035 shares during the period.

A number of brokerages have recently commented on BIG. ValuEngine raised shares of Big Lots from a “strong sell” rating to a “sell” rating in a research note on Monday, March 25th. Morgan Stanley raised their target price on shares of Big Lots from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, March 11th. Raymond James raised their target price on shares of Big Lots from $36.00 to $40.00 and gave the company an “outperform” 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 company a “buy” rating in a report on Monday, March 11th. Finally, Deutsche Bank lowered shares of Big Lots from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.57.

In related news, insider Nicholas E. Padovano sold 4,734 shares of Big Lots stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $38.19, for a total value of $180,791.46. Following the sale, the insider now directly owns 10,776 shares in the company, valued at approximately $411,535.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stephen M. Haffer sold 1,646 shares of Big Lots stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $35.57, for a total transaction of $58,548.22. Following the completion of the sale, the insider now owns 7,432 shares in the company, valued at $264,356.24. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

BIG stock traded up $0.18 during mid-day trading on Thursday, hitting $38.84. 10,379 shares of the company were exchanged, compared to its average volume of 1,462,266. The firm has a market cap of $1.55 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.42 and a beta of 1.30. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.77 and a quick ratio of 0.25. Big Lots, Inc. has a twelve month low of $26.21 and a twelve month high of $50.35.

Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, March 8th. The company reported $2.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.38. The company had revenue of $1.60 billion for 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%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the firm posted $2.57 EPS. On average, sell-side analysts expect that Big Lots, Inc. will post 3.67 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.20 annualized dividend and a yield of 3.09%. Big Lots’s dividend payout ratio is presently 29.70%.

Big Lots announced that its Board of Directors has authorized a stock buyback plan on Friday, March 8th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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

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