Big Lots, Inc. (BIG) Shares Bought by 361 Capital LLC
361 Capital LLC raised its stake in shares of Big Lots, Inc. (NYSE:BIG) by 31.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,814 shares of the company’s stock after purchasing an additional 11,240 shares during the quarter. 361 Capital LLC owned 0.11% of Big Lots worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Csenge Advisory Group bought a new stake in Big Lots during the third quarter valued at approximately $218,000. Wells Fargo & Company MN raised its stake in shares of Big Lots by 8.0% during the second quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock worth $114,175,000 after acquiring an additional 175,972 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of Big Lots during the third quarter worth approximately $615,000. LSV Asset Management raised its stake in shares of Big Lots by 1.5% during the second quarter. LSV Asset Management now owns 2,240,023 shares of the company’s stock worth $108,193,000 after acquiring an additional 32,600 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Big Lots by 18.0% during the second quarter. SG Americas Securities LLC now owns 60,149 shares of the company’s stock worth $2,905,000 after acquiring an additional 9,163 shares in the last quarter.
Several research firms have commented on BIG. BidaskClub raised shares of Big Lots from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Friday, July 28th. KeyCorp reissued a “buy” rating and set a $58.00 price target on shares of Big Lots in a research note on Friday, November 10th. Piper Jaffray Companies set a $52.00 price target on shares of Big Lots and gave the stock a “hold” rating in a research note on Sunday, October 1st. Finally, Deutsche Bank AG reissued a “buy” rating and set a $57.00 price target (up from $56.00) on shares of Big Lots in a research note on Saturday, August 26th. 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 company. The stock has a consensus rating of “Buy” and an average price target of $57.85.
In other Big Lots news, insider Michael Allen Schlonsky sold 2,602 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $48.00, for a total value of $124,896.00. Following the completion of the transaction, the insider now owns 34,706 shares of the company’s stock, valued at approximately $1,665,888. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the transaction, the chief executive officer now directly owns 99,203 shares of the company’s stock, valued at approximately $5,257,759. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 100,542 shares of company stock worth $5,313,716. Company insiders own 1.70% of the company’s stock.
Shares of Big Lots, Inc. (BIG) traded up $0.99 during mid-day trading on Friday, hitting $53.88. 1,131,700 shares of the stock were exchanged, compared to its average volume of 1,008,779. Big Lots, Inc. has a 1 year low of $45.10 and a 1 year high of $56.54. The company has a market cap of $2,300.00, a PE ratio of 12.84, a PEG ratio of 0.93 and a beta of 0.95. The company has a current ratio of 1.62, a quick ratio of 0.27 and a debt-to-equity ratio of 0.39.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, August 25th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. equities research analysts expect that Big Lots, Inc. will post 4.22 earnings per share for the current year.
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).
Receive News & Ratings for Big Lots Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.