BB&T Corp trimmed its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,018 shares of the company’s stock after selling 3,331 shares during the quarter. BB&T Corp owned about 0.06% of Big Lots worth $1,394,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Whittier Trust Co. bought a new position in Big Lots during the third quarter worth about $178,000. APG Asset Management N.V. bought a new position in Big Lots during the third quarter worth about $11,523,000. Robeco Institutional Asset Management B.V. bought a new position in Big Lots during the third quarter worth about $1,598,000. Balasa Dinverno & Foltz LLC bought a new position in Big Lots during the third quarter worth about $223,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Big Lots during the third quarter worth about $615,000.
In related news, insider Ronald A. Robins, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the transaction, the insider now directly owns 7,925 shares in the company, valued at $404,175. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lisa M. Bachmann sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $51.00, for a total transaction of $2,040,000.00. Following the completion of the transaction, the insider now owns 48,089 shares in the company, valued at $2,452,539. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,642 shares of company stock worth $7,461,866. 1.70% of the stock is owned by company insiders.
Shares of Big Lots, Inc. (NYSE BIG) opened at 51.22 on Tuesday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 13.28 and a beta of 0.96. The stock has a 50 day moving average of $51.34 and a 200-day moving average of $49.53. Big Lots, Inc. has a 1-year low of $42.43 and a 1-year high of $56.54.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. Big Lots’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. On average, equities analysts expect that Big Lots, Inc. will post $4.24 earnings per share for the current year.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, October 10th. BidaskClub raised shares of Big Lots from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Piper Jaffray Companies set a $52.00 target price on shares of Big Lots and gave the company a “hold” rating in a report on Sunday, October 1st. Deutsche Bank AG raised shares of Big Lots from a “hold” rating to a “buy” rating and raised their target price for the company from $55.00 to $56.00 in a report on Tuesday, July 25th. Finally, Loop Capital set a $64.00 target price on shares of Big Lots and gave the company a “buy” rating in a report on Wednesday, August 30th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $57.83.
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.
Want to see what other hedge funds are holding BIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Big Lots, Inc. (NYSE:BIG).
What are top analysts saying about Big Lots Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Big Lots Inc. and related companies.