SG Americas Securities LLC raised its stake in shares of Big Lots, Inc. (NYSE:BIG) by 36.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,055 shares of the company’s stock after purchasing an additional 20,678 shares during the period. SG Americas Securities LLC owned 0.19% of Big Lots worth $4,383,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BIG. Cerebellum GP LLC bought a new position in shares of Big Lots in the 4th quarter valued at about $128,000. DekaBank Deutsche Girozentrale raised its position in Big Lots by 78.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock worth $144,000 after purchasing an additional 1,255 shares during the period. Whittier Trust Co. purchased a new stake in Big Lots in the 3rd quarter worth about $178,000. First Quadrant L P CA purchased a new stake in Big Lots in the 3rd quarter worth about $182,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Big Lots during the third quarter worth approximately $200,000.
Big Lots, Inc. (NYSE BIG) opened at $56.33 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 0.24 and a debt-to-equity ratio of 0.66. Big Lots, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $64.42. The stock has a market cap of $2,370.00, a price-to-earnings ratio of 14.37, a P/E/G ratio of 0.86 and a beta of 0.95.
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, beating analysts’ consensus estimates of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.04 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. analysts forecast that Big Lots, Inc. will post 4.29 EPS for the current year.
A number of equities analysts have recently commented on the stock. Citigroup lowered shares of Big Lots from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 10th. They noted that the move was a valuation call. KeyCorp reissued a “buy” rating and set a $63.00 price objective on shares of Big Lots in a report on Friday, December 1st. Oppenheimer reissued a “market perform” rating on shares of Big Lots in a report on Wednesday, January 10th. Raymond James Financial restated a “buy” rating and issued a $67.00 target price on shares of Big Lots in a research note on Saturday, December 2nd. Finally, Loop Capital restated a “buy” rating and issued a $70.00 target price on shares of Big Lots in a research note on Monday, January 29th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $62.40.
In related news, insider Timothy A. Johnson sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the transaction, the insider now directly owns 65,649 shares in the company, valued at $3,610,695. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey Paul Berger sold 6,000 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $58.00, for a total transaction of $348,000.00. Following the transaction, the director now owns 7,566 shares in the company, valued at $438,828. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.
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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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