Insider Selling: Big Lots (BIG) CEO Sells 20,657 Shares of Stock

Big Lots (NYSE:BIG) CEO David J. Campisi sold 20,657 shares of Big Lots stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $43.73, for a total transaction of $903,330.61. Following the completion of the transaction, the chief executive officer now directly owns 170,560 shares in the company, valued at approximately $7,458,588.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE BIG opened at $43.06 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.25 and a current ratio of 1.73. Big Lots has a 12-month low of $42.36 and a 12-month high of $64.42. The company has a market capitalization of $1,867.09, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.13.

How to Become a New Pot Stock Millionaire

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, March 9th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.14. Big Lots had a net margin of 3.60% and a return on equity of 31.12%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the company earned $2.26 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. analysts predict that Big Lots will post 4.88 EPS for the current fiscal year.

Big Lots announced that its board has initiated a share buyback plan on Friday, March 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Friday, March 23rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 22nd. This is an increase from Big Lots’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.79%. Big Lots’s dividend payout ratio (DPR) is 26.97%.

Several hedge funds and other institutional investors have recently bought and sold shares of BIG. C M Bidwell & Associates Ltd. acquired a new stake in shares of Big Lots in the fourth quarter valued at approximately $104,000. We Are One Seven LLC acquired a new stake in shares of Big Lots in the fourth quarter valued at approximately $110,000. Cerebellum GP LLC acquired a new stake in shares of Big Lots in the fourth quarter valued at approximately $128,000. Pitcairn Co. acquired a new stake in shares of Big Lots in the fourth quarter valued at approximately $200,000. Finally, Groesbeck Investment Management Corp NJ acquired a new stake in shares of Big Lots in the fourth quarter valued at approximately $202,000.

A number of research analysts have weighed in on BIG shares. UBS lowered shares of Big Lots from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. Citigroup lowered shares of Big Lots from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “market perform” rating on shares of Big Lots in a research note on Wednesday, January 10th. Loop Capital reaffirmed a “buy” rating and issued a $70.00 price target on shares of Big Lots in a research note on Monday, January 29th. Finally, Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Wednesday, January 31st. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.83.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/07/insider-selling-big-lots-big-ceo-sells-20657-shares-of-stock.html.

Big Lots Company Profile

Big Lots, Inc, through its subsidiaries, operates as a non-traditional, discount retailer in the United States. The company offers products under various merchandising categories, such as food category that includes beverage and grocery, candy and snacks, and specialty foods departments; consumables category, which comprises health and beauty, plastics, paper, chemical, and pet departments; soft home category that consists of home décor, frames, fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and furniture category consisting of upholstery, mattress, ready-to-assemble, and case goods departments.

Insider Buying and Selling by Quarter for Big Lots (NYSE:BIG)

Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply