Creative Planning acquired a new position in shares of Big Lots, Inc. (NYSE:BIG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,951 shares of the company’s stock, valued at approximately $222,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale raised its stake in Big Lots by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock valued at $144,000 after purchasing an additional 1,255 shares in the last quarter. Whittier Trust Co. acquired a new position in Big Lots in the third quarter valued at about $178,000. First Quadrant L P CA acquired a new position in Big Lots during the third quarter worth about $182,000. Oppenheimer & Co. Inc. acquired a new position in Big Lots during the third quarter worth about $200,000. Finally, Csenge Advisory Group acquired a new position in Big Lots during the third quarter worth about $218,000.
In other Big Lots news, Director Jeffrey Paul Berger sold 6,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $58.00, for a total value of $348,000.00. Following the completion of the transaction, the director now owns 7,566 shares in the company, valued at approximately $438,828. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy A. Johnson sold 20,000 shares of the firm’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 transaction, the insider now owns 65,649 shares of the company’s stock, valued at approximately $3,610,695. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.
Several research analysts have commented on BIG shares. KeyCorp reiterated a “buy” rating and issued a $58.00 target price on shares of Big Lots in a 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. Raymond James Financial reissued a “buy” rating and issued a $67.00 price target on shares of Big Lots in a research note on Saturday, December 2nd. Telsey Advisory Group boosted their price target on Big Lots from $56.00 to $59.00 and gave the company a “market perform” rating in a research note on Monday, December 4th. Finally, Citigroup set a $69.00 price target on Big Lots and gave the company a “buy” rating in a research note on Tuesday, December 5th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $62.40.
Shares of Big Lots, Inc. (NYSE:BIG) traded up $1.34 during trading hours on Wednesday, reaching $57.25. The company’s stock had a trading volume of 340,736 shares, compared to its average volume of 1,026,146. The company has a market cap of $2,367.71, a P/E ratio of 14.30, a PEG ratio of 0.84 and a beta of 0.95. 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 52-week low of $45.10 and a 52-week high of $64.42.
Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS. sell-side analysts forecast that Big Lots, Inc. will post 4.29 EPS for the current year.
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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.
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