Public Employees Retirement Fund Sells Shares of Big Lots

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The Oregon Public Employees Retirement Fund recently sold 1,600 shares of Big Lots ($NYSE:BIG), Inc., one of the largest closeout retailers in the United States. While the company has been struggling in recent years, it remains a popular destination for bargain hunters. The Oregon Public Employees Retirement Fund’s decision to sell its shares of Big Lots comes as the company faces increasing pressure from online retailers such as Amazon.com. In addition, Big Lots has been struggling to keep up with changing consumer tastes.

However, the company’s large store footprint and loyal customer base could help it weather these challenges.

Stock Price

On Monday, shares of Big Lots opened at $16.0 and closed at $15.3, down by 4.3% from the previous closing price of $16.0. Most news outlets are reporting the story with a positive spin, highlighting that the retirement fund still holds a significant amount of shares in the company. Big Lots has been struggling in recent quarters, but the company is hoping to turn things around with a new CEO at the helm.

Investors will be closely watching to see if the company can deliver on its promises and turn things around. In the meantime, the stock remains volatile and could continue to see swings in the coming days.

VI Analysis

Based on a company’s fundamentals, Vi’s app reflects its long-term potential. According to the Vi Risk Rating, Big Lots is a medium risk investment in terms of financial and business aspects. The app has detected three risk warnings in the income statement, balance sheet, and cash flow statement.

VI Peers

Big Lots Inc is an American retail company that competes with other discount retailers such as B&M European Value Retail SA, Dollar General Corp, and Target Corp. Big Lots offers a variety of merchandise including furniture, seasonal items, grocery, and home decor. The company operates over 1,400 stores in 47 states.

– B&M European Value Retail SA ($LSE:BME)

B&M European Value Retail SA is a holding company that operates through its subsidiaries. The company is engaged in the retail sector and operates stores under the following banners: B&M, Heron Foods, Dealz, and Jawol. The company was founded in 1978 and is headquartered in London, United Kingdom.

– Dollar General Corp ($NYSE:DG)

Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee. As of February 2020, Dollar General operated 16,368 stores in the continental United States. The company offers a selection of merchandise, including consumables, seasonal, home goods, and apparel.

– Target Corp ($NYSE:TGT)

Target is one of the largest discount retailers in the United States. The company offers a wide variety of merchandise, including apparel, home goods, electronics, and more. Target is known for its competitive prices and its commitment to customer satisfaction. The company has a market cap of 74.48B as of 2022 and a return on equity of 34.09%. Target is a publicly traded company and its shares are traded on the New York Stock Exchange.

Summary

Investing in Big Lots may be a good idea for investors who are looking for a company with a history of solid financial performance and a strong commitment to its shareholders. The company has a long track record of paying dividends and repurchasing its own shares, and it currently has a strong balance sheet with plenty of cash on hand. Big Lots also has a good reputation for being a well-run company, and its management team has a proven track record of delivering results.