FDx Advisors Inc. lessened its holdings in Big Lots, Inc. (NYSE:BIG) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,781 shares of the company’s stock after selling 950 shares during the quarter. FDx Advisors Inc.’s holdings in Big Lots were worth $738,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Big Lots by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,834 shares of the company’s stock worth $475,000 after purchasing an additional 25 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Big Lots by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,536 shares of the company’s stock worth $316,000 after purchasing an additional 27 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Big Lots by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock worth $191,000 after purchasing an additional 68 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Big Lots by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 27,722 shares of the company’s stock worth $1,339,000 after purchasing an additional 109 shares during the last quarter. Finally, Suntrust Banks Inc. raised its stake in shares of Big Lots by 2.4% in the second quarter. Suntrust Banks Inc. now owns 8,127 shares of the company’s stock worth $391,000 after purchasing an additional 190 shares during the last quarter.
In other news, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the sale, the chief executive officer now directly owns 99,203 shares in the company, valued at $5,257,759. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of Big Lots stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 7,925 shares in the company, valued at $404,175. The disclosure for this sale can be found here. Insiders sold 100,542 shares of company stock valued at $5,313,716 over the last 90 days. Company insiders own 1.70% of the company’s stock.
Shares of Big Lots, Inc. (NYSE:BIG) opened at $55.05 on Friday. The company has a market capitalization of $2,390.00, a P/E ratio of 12.99, a PEG ratio of 0.94 and a beta of 0.95. Big Lots, Inc. has a 12-month low of $45.10 and a 12-month high of $56.54. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.62 and a quick ratio of 0.27.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, August 25th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. sell-side analysts anticipate that Big Lots, Inc. will post 4.22 EPS for the current fiscal year.
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Several brokerages have recently issued reports on BIG. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Thursday, August 17th. BidaskClub cut Big Lots from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Big Lots in a research report on Wednesday, September 20th. Finally, KeyCorp reiterated a “buy” rating and set a $58.00 price target on shares of Big Lots in a research report on Friday, November 10th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $57.85.
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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