Groesbeck Investment Management Corp NJ Takes $202,000 Position in Big Lots, Inc. (BIG)

Groesbeck Investment Management Corp NJ bought a new stake in shares of Big Lots, Inc. (NYSE:BIG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,600 shares of the company’s stock, valued at approximately $202,000.

Several other large investors have also bought and sold shares of the company. Camelot Portfolios LLC acquired a new stake in shares of Big Lots during the 4th quarter valued at about $226,000. California Public Employees Retirement System grew its position in shares of Big Lots by 4.0% during the 4th quarter. California Public Employees Retirement System now owns 209,450 shares of the company’s stock valued at $11,761,000 after acquiring an additional 7,966 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Big Lots during the 4th quarter valued at about $839,000. ING Groep NV grew its position in shares of Big Lots by 18.3% during the 4th quarter. ING Groep NV now owns 6,406 shares of the company’s stock valued at $360,000 after acquiring an additional 991 shares during the period. Finally, Meeder Asset Management Inc. grew its position in shares of Big Lots by 16.8% during the 4th quarter. Meeder Asset Management Inc. now owns 21,967 shares of the company’s stock valued at $1,232,000 after acquiring an additional 3,165 shares during the period.

Shares of Big Lots, Inc. (NYSE:BIG) opened at $57.21 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66. Big Lots, Inc. has a twelve month low of $45.10 and a twelve month high of $64.42. The stock has a market capitalization of $2,404.71, a PE ratio of 13.82, a P/E/G ratio of 0.86 and a beta of 0.95.

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.04 EPS. Big Lots’s revenue was up .5% compared to the same quarter last year. equities research analysts anticipate that Big Lots, Inc. will post 4.29 earnings per share for the current year.

In other Big Lots news, Director Jeffrey Paul Berger sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $58.00, for a total value of $348,000.00. Following the transaction, the director now directly owns 7,566 shares of the company’s stock, valued at approximately $438,828. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy A. Johnson sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the completion of the transaction, the insider now directly owns 65,649 shares in the company, valued at $3,610,695. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

A number of equities research analysts have recently commented on BIG shares. KeyCorp restated a “buy” rating and set a $58.00 target price on shares of Big Lots in a research report on Friday, November 10th. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. Oppenheimer reiterated a “market perform” rating on shares of Big Lots in a report on Wednesday, January 10th. Citigroup set a $69.00 price objective on Big Lots and gave the stock a “buy” rating in a report on Tuesday, December 5th. Finally, UBS Group cut Big Lots from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.40.

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Big Lots 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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Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

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