Big Lots, Inc. (BIG) Insider Timothy A. Johnson Sells 20,000 Shares

Big Lots, Inc. (NYSE:BIG) insider Timothy A. Johnson sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $55.00, for a total value of $1,100,000.00. Following the completion of the sale, the insider now owns 65,649 shares of the company’s stock, valued at approximately $3,610,695. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Big Lots, Inc. (BIG) opened at $57.01 on Wednesday. The firm has a market capitalization of $2,400.00, a PE ratio of 14.54, a PEG ratio of 1.01 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.66 and a quick ratio of 0.24. Big Lots, Inc. has a one year low of $45.10 and a one year high of $60.20.

Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, December 1st. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 earnings per share. research analysts forecast that Big Lots, Inc. will post 4.27 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Thursday, December 14th. Big Lots’s dividend payout ratio (DPR) is 25.51%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Big Lots by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock worth $144,000 after acquiring an additional 1,255 shares during the period. Whittier Trust Co. bought a new position in shares of Big Lots in the third quarter worth about $178,000. First Quadrant L P CA bought a new position in shares of Big Lots in the third quarter worth about $182,000. Oppenheimer & Co. Inc. bought a new position in shares of Big Lots in the third quarter worth about $200,000. Finally, Csenge Advisory Group bought a new position in shares of Big Lots in the third quarter worth about $218,000.

A number of analysts have commented on the company. KeyCorp restated a “buy” rating and issued a $63.00 price target on shares of Big Lots in a research report on Friday, December 1st. Citigroup set a $69.00 price target on Big Lots and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Raymond James Financial restated a “buy” rating and issued a $67.00 price target on shares of Big Lots in a research report on Saturday, December 2nd. Finally, Telsey Advisory Group upped their price target on Big Lots from $56.00 to $59.00 and gave the stock a “market perform” rating in a research report on Monday, December 4th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Big Lots currently has an average rating of “Buy” and an average target price of $60.64.

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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.

Insider Buying and Selling by Quarter for Big Lots (NYSE:BIG)

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