LS Investment Advisors LLC raised its position in shares of Big Lots, Inc. (NYSE:BIG) by 19.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,668 shares of the company’s stock after buying an additional 596 shares during the period. LS Investment Advisors LLC’s holdings in Big Lots were worth $177,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Paloma Partners Management Co increased its position in shares of Big Lots by 44.6% in the first quarter. Paloma Partners Management Co now owns 33,287 shares of the company’s stock worth $1,621,000 after buying an additional 10,269 shares during the last quarter. Sigma Planning Corp purchased a new stake in Big Lots during the first quarter worth $235,000. Essex Investment Management Co. LLC raised its stake in Big Lots by 23.5% in the first quarter. Essex Investment Management Co. LLC now owns 27,387 shares of the company’s stock worth $1,333,000 after buying an additional 5,218 shares during the period. BlackRock Inc. raised its stake in Big Lots by 3,846.5% in the first quarter. BlackRock Inc. now owns 6,101,011 shares of the company’s stock worth $296,996,000 after buying an additional 5,946,417 shares during the period. Finally, Capital One National Association raised its stake in Big Lots by 5.3% in the second quarter. Capital One National Association now owns 43,119 shares of the company’s stock worth $2,083,000 after buying an additional 2,159 shares during the period.
Shares of Big Lots, Inc. (NYSE:BIG) traded up 0.70% during trading on Tuesday, hitting $51.66. 198,726 shares of the stock were exchanged. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 14.03 and a beta of 0.85. Big Lots, Inc. has a one year low of $42.40 and a one year high of $56.54. The stock’s 50 day moving average price is $48.19 and its 200-day moving average price is $49.30.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, May 26th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.99 by $0.16. Big Lots had a net margin of 3.20% and a return on equity of 29.88%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts predict that Big Lots, Inc. will post $4.20 EPS for the current year.
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A number of research firms recently weighed in on BIG. Oppenheimer Holdings, Inc. set a $60.00 price objective on shares of Big Lots and gave the stock a “buy” rating in a research report on Saturday, May 27th. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Tuesday, May 23rd. ValuEngine lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Loop Capital reissued a “buy” rating and issued a $64.00 price objective on shares of Big Lots in a research report on Tuesday, May 30th. Finally, BidaskClub lowered shares of Big Lots from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Big Lots currently has a consensus rating of “Buy” and a consensus price target of $58.00.
In other news, CEO David J. Campisi sold 28,875 shares of the company’s stock in a transaction that occurred on 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 directly owns 225,018 shares in the company, valued at approximately $11,259,900.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
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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