Quantitative Systematic Strategies LLC trimmed its position in Big Lots, Inc. (NYSE:BIG) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,913 shares of the company’s stock after selling 3,562 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Big Lots were worth $444,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Big Lots in the 4th quarter valued at approximately $128,000. DekaBank Deutsche Girozentrale raised its stake in shares of Big Lots by 78.3% during 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 in the last quarter. Whittier Trust Co. bought a new stake in shares of Big Lots during the 3rd quarter worth approximately $178,000. First Quadrant L P CA bought a new stake in shares of Big Lots during the 3rd quarter worth approximately $182,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Big Lots during the 3rd quarter worth approximately $200,000.
A number of research firms recently weighed in on BIG. Citigroup lowered Big Lots from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. They noted that the move was a valuation call. KeyCorp reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Big Lots in a report on Friday, December 1st. Oppenheimer reaffirmed a “market perform” rating on shares of Big Lots in a report on Wednesday, January 10th. Raymond James Financial reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Big Lots in a report on Saturday, December 2nd. Finally, Loop Capital reissued a “buy” rating and set a $70.00 target price on shares of Big Lots in a report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Big Lots currently has a consensus rating of “Buy” and a consensus price target of $62.40.
In other Big Lots news, 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 value of $1,100,000.00. Following the completion of the sale, the insider now owns 65,649 shares of the company’s stock, valued at $3,610,695. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the director now owns 7,566 shares in the company, valued at approximately $438,828. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
Shares of Big Lots, Inc. (BIG) traded up $2.01 on Wednesday, hitting $57.92. The stock had a trading volume of 565,896 shares, compared to its average volume of 1,032,926. Big Lots, Inc. has a 52 week low of $45.10 and a 52 week high of $64.42. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2,367.71, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $0.04 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. research analysts predict that Big Lots, Inc. will post 4.29 EPS for the current fiscal 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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