Foundry Partners LLC raised its stake in Big Lots, Inc. (NYSE:BIG) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,121 shares of the company’s stock after acquiring an additional 2,845 shares during the quarter. Foundry Partners LLC owned approximately 0.35% of Big Lots worth $8,042,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BIG. IFP Advisors Inc raised its holdings in shares of Big Lots by 13.6% in the second quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock worth $113,000 after acquiring an additional 280 shares during the last quarter. LS Investment Advisors LLC raised its holdings in shares of Big Lots by 19.4% in the second quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock worth $177,000 after acquiring an additional 596 shares during the last quarter. Whittier Trust Co. acquired a new position in shares of Big Lots in the third quarter worth $178,000. First Quadrant L P CA acquired a new position in shares of Big Lots in the third quarter worth $182,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings 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 acquiring an additional 68 shares during the last quarter.
BIG has been the subject of a number of analyst reports. Oppenheimer Holdings, Inc. set a $60.00 price target on Big Lots and gave the stock a “buy” rating in a report on Friday, August 25th. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a report on Friday, September 8th. ValuEngine raised Big Lots from a “hold” rating to a “buy” rating in a report on Friday, September 15th. KeyCorp reissued a “buy” rating on shares of Big Lots in a report on Friday, September 1st. Finally, BidaskClub raised Big Lots from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Four investment 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 stock currently has an average rating of “Buy” and a consensus price target of $57.83.
Big Lots, Inc. (NYSE:BIG) traded up $1.28 during trading on Friday, reaching $53.08. The company had a trading volume of 592,311 shares, compared to its average volume of 712,462. Big Lots, Inc. has a 52-week low of $42.74 and a 52-week 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. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 0.92 and a beta of 0.95.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned $0.52 earnings per share. Big Lots’s quarterly revenue was up 1.5% on a year-over-year basis. equities research analysts forecast that Big Lots, Inc. will post 4.22 EPS for the current fiscal year.
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In related news, insider Lisa M. Bachmann sold 40,000 shares of Big Lots stock in a transaction on Monday, August 7th. The shares were 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 of the company’s stock, valued at $2,452,539. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Allen Schlonsky sold 2,602 shares of Big Lots stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $48.00, for a total transaction of $124,896.00. Following the transaction, the insider now directly owns 34,706 shares of the company’s stock, valued at approximately $1,665,888. The disclosure for this sale can be found here. Insiders have sold 142,642 shares of company stock valued at $7,461,866 in the last three months. 1.70% of the stock is owned by insiders.
About Big Lots
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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