Jane Street Group LLC Invests $524,000 in Big Lots, Inc. (BIG)

Jane Street Group LLC bought a new stake in shares of Big Lots, Inc. (NYSE:BIG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,781 shares of the company’s stock, valued at approximately $524,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BIG. Balyasny Asset Management LLC grew its stake in shares of Big Lots by 43.3% during the second quarter. Balyasny Asset Management LLC now owns 1,080,139 shares of the company’s stock valued at $52,171,000 after buying an additional 326,620 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in shares of Big Lots by 37.0% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock valued at $60,100,000 after buying an additional 303,207 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Big Lots by 631.7% during the second quarter. Stifel Financial Corp now owns 261,342 shares of the company’s stock valued at $12,651,000 after buying an additional 225,625 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of Big Lots during the third quarter valued at approximately $11,523,000. Finally, Marshall Wace North America L.P. grew its stake in shares of Big Lots by 120.4% during the second quarter. Marshall Wace North America L.P. now owns 347,046 shares of the company’s stock valued at $16,658,000 after buying an additional 189,591 shares during the last quarter.

Shares of Big Lots, Inc. (NYSE BIG) opened at $53.97 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2,268.10, a P/E ratio of 13.03, a P/E/G ratio of 0.94 and a beta of 0.99. Big Lots, Inc. has a twelve month low of $45.10 and a twelve month high of $60.20.

Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. Big Lots’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. research analysts expect that Big Lots, Inc. will post 4.27 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. Big Lots’s payout ratio is 25.58%.

BIG has been the topic of a number of analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $57.00 target price (up previously from $56.00) on shares of Big Lots in a research note on Saturday, August 26th. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Piper Jaffray Companies reiterated a “hold” rating and issued a $52.00 price target on shares of Big Lots in a report on Friday, September 1st. Loop Capital set a $64.00 price target on Big Lots and gave the company a “buy” rating in a report on Wednesday, August 30th. Finally, Raymond James Financial reiterated a “buy” rating and issued a $67.00 price target on shares of Big Lots in a report on Saturday, December 2nd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Big Lots has a consensus rating of “Buy” and a consensus target price of $60.64.

In other Big Lots news, CEO David J. Campisi sold 96,940 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the completion of the sale, the chief executive officer now owns 99,203 shares in the company, valued at $5,257,759. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the sale, the insider now owns 7,925 shares of the company’s stock, valued at approximately $404,175. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

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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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