Belpointe Asset Management LLC Purchases New Position in Big Lots, Inc. (NYSE:BIG)

Belpointe Asset Management LLC purchased a new stake in shares of Big Lots, Inc. (NYSE:BIG – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,794 shares of the company’s stock, valued at approximately $41,000.

Several other institutional investors also recently bought and sold shares of BIG. Citigroup Inc. grew its holdings in Big Lots by 1.2% in the first quarter. Citigroup Inc. now owns 30,213 shares of the company’s stock valued at $1,045,000 after purchasing an additional 347 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of Big Lots by 8.0% in the first quarter. Cetera Advisor Networks LLC now owns 6,633 shares of the company’s stock worth $230,000 after acquiring an additional 489 shares during the last quarter. US Bancorp DE boosted its stake in shares of Big Lots by 32.5% in the first quarter. US Bancorp DE now owns 2,053 shares of the company’s stock worth $71,000 after acquiring an additional 503 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Big Lots by 1.9% in the fourth quarter. SummerHaven Investment Management LLC now owns 33,843 shares of the company’s stock worth $497,000 after acquiring an additional 624 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Big Lots by 19.9% in the third quarter. Mutual of America Capital Management LLC now owns 5,753 shares of the company’s stock worth $90,000 after acquiring an additional 956 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price target on Big Lots from $16.00 to $14.00 and set a “sell” rating on the stock in a research note on Friday, March 3rd. Piper Sandler lowered Big Lots from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $12.00 to $7.00 in a research note on Friday, April 21st. Credit Suisse Group lowered their price objective on Big Lots from $15.00 to $13.00 and set an “underperform” rating on the stock in a research note on Monday, March 6th. StockNews.com assumed coverage on Big Lots in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Telsey Advisory Group lowered their price objective on Big Lots from $20.00 to $16.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 28th. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.00.

Big Lots Price Performance

BIG stock opened at $7.21 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.15 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $209.30 million, a PE ratio of -0.99 and a beta of 1.93. Big Lots, Inc. has a 12-month low of $7.12 and a 12-month high of $32.25. The business’s fifty day moving average price is $9.56 and its 200 day moving average price is $14.12.

Big Lots (NYSE:BIG – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.41. Big Lots had a negative return on equity of 20.12% and a negative net margin of 3.85%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the business earned $1.75 EPS. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Big Lots, Inc. will post -4.93 EPS for the current year.

Big Lots Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $1.20 annualized dividend and a yield of 16.64%. Big Lots’s payout ratio is -16.46%.

Big Lots Company Profile

(Get Rating)

Big Lots, Inc engages in the operation of retail stores. It operates through the Discount Retailing segment. The Discount Retailing segment includes merchandising categories such as furniture, seasonal, soft home, food, consumables, hard home, and electronics, toys, and accessories. The company was founded by Sol A.