Sei Investments Co. raised its position in shares of Big Lots, Inc. (NYSE:BIG) by 14.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 99,539 shares of the company’s stock after buying an additional 12,844 shares during the period. Sei Investments Co. owned about 0.23% of Big Lots worth $4,808,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Essex Investment Management Co. LLC boosted its position in Big Lots by 26.4% in the second quarter. Essex Investment Management Co. LLC now owns 34,615 shares of the company’s stock worth $1,672,000 after buying an additional 7,228 shares in the last quarter. Texas Permanent School Fund boosted its position in Big Lots by 1.4% in the second quarter. Texas Permanent School Fund now owns 32,699 shares of the company’s stock worth $1,579,000 after buying an additional 437 shares in the last quarter. Sasco Capital Inc. CT boosted its position in Big Lots by 0.5% in the second quarter. Sasco Capital Inc. CT now owns 1,542,300 shares of the company’s stock worth $74,493,000 after buying an additional 7,840 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Big Lots by 5.1% in the second quarter. Great West Life Assurance Co. Can now owns 28,492 shares of the company’s stock worth $1,376,000 after buying an additional 1,386 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Big Lots by 15.8% in the second quarter. Janney Montgomery Scott LLC now owns 19,150 shares of the company’s stock worth $925,000 after buying an additional 2,619 shares in the last quarter.
Shares of Big Lots, Inc. (NYSE:BIG) opened at 49.75 on Friday. The stock’s 50 day moving average price is $49.08 and its 200-day moving average price is $49.41. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 13.51 and a beta of 0.85. Big Lots, Inc. has a 52 week low of $42.40 and a 52 week high of $56.54.
Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, May 26th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.99 by $0.16. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Big Lots had a return on equity of 29.88% and a net margin of 3.20%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 EPS. Equities analysts predict that Big Lots, Inc. will post $4.20 earnings per share for the current year.
A number of research firms have issued reports on BIG. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Thursday. BidaskClub upgraded Big Lots from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Deutsche Bank AG upgraded Big Lots from a “hold” rating to a “buy” rating and lifted their target price for the company from $55.00 to $56.00 in a research report on Tuesday, July 25th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $62.00 target price (up previously from $61.00) on shares of Big Lots in a research report on Friday, June 9th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $58.09.
In other news, Director Russell Solt sold 2,100 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $51.50, for a total transaction of $108,150.00. Following the transaction, the director now directly owns 10,041 shares in the company, valued at approximately $517,111.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David J. Campisi sold 28,875 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total value of $1,444,905.00. Following the transaction, the chief executive officer now owns 225,018 shares in the company, valued at $11,259,900.72. The disclosure for this sale can be found here. Insiders have sold a total of 70,975 shares of company stock worth $3,593,055 over the last quarter. Corporate insiders own 1.70% of the company’s stock.
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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