November 23, 2016 - By Marie Mckinney
Senior Vice President, Andrew Stein is the Big Lots Inc’s insider who made a sale of shares of Big Lots Inc, 5,000 to be exact. The reported shares were based on an average price-per-share of $53.0, with the insider sale transaction having a value near $265,000 USD. The mentioned shares were unloaded on 23/11/2016 and the document that contains the original information, filed with the SEC can be accessed here. Right now, he has ownership of a total of 16,990 shares or 0.04% of the company’s market cap (share price times the number of shares outstanding).
Out of 12 analysts covering Big Lots (NYSE:BIG), 4 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 33% are positive. $62 is the highest target while $39 is the lowest. The $50.88 average target is -3.25% below today’s ($52.59) stock price. Big Lots has been the topic of 25 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Tuesday, August 25 by Zacks. The firm earned “Equal-Weight” rating on Friday, September 23 by Barclays Capital. As per Tuesday, May 24, the company rating was initiated by Topeka Capital Markets. The firm has “Buy” rating given on Thursday, September 1 by Citigroup. The stock has “Neutral” rating given by Piper Jaffray on Monday, December 7. The firm earned “Buy” rating on Tuesday, May 31 by M Partners. The firm has “Buy” rating by Wedbush given on Tuesday, September 1. The stock has “Buy” rating given by Citigroup on Monday, June 6. KeyBanc Capital Markets maintained Big Lots, Inc. (NYSE:BIG) on Thursday, October 6 with “Overweight” rating. Credit Suisse initiated Big Lots, Inc. (NYSE:BIG) on Wednesday, March 16 with “Underperform” rating.
Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.03, from 0.96 in 2016Q1. The ratio dived, as 29 funds sold all Big Lots, Inc. shares owned while 109 reduced positions. 48 funds bought stakes while 85 increased positions. They now own 54.22 million shares or 7.02% less from 58.31 million shares in 2016Q1.
Northcoast Asset Mgmt Ltd Liability Com accumulated 1.51% or 439,340 shares. Kbc Nv reported 5,019 shares or 0% of all its holdings. Moreover, Louisiana State Employees Retirement Systems has 0.03% invested in Big Lots, Inc. (NYSE:BIG) for 11,800 shares. The Japan-based Legg Mason Asset Management (Japan) Communication has invested 0.73% in Big Lots, Inc. (NYSE:BIG). Endurance Wealth Mngmt last reported 2.07% of its portfolio in the stock. Wells Fargo Communication Mn last reported 0.03% of its portfolio in the stock. Hudson Bay Capital Mngmt Limited Partnership holds 0.03% or 17,000 shares in its portfolio. Tudor Et Al last reported 0.01% of its portfolio in the stock. Cornerstone Capital Management Ltd accumulated 0.04% or 97,790 shares. Gsa Cap Prtn Llp holds 104,005 shares or 0.29% of its portfolio. Swiss Financial Bank owns 83,600 shares or 0.01% of their US portfolio. Moreover, Amer Fin Gru Inc has 0.02% invested in Big Lots, Inc. (NYSE:BIG) for 4,201 shares. Cornerstone Advisors has 0% invested in the company for 55 shares. Emerald Mutual Fund Advisers holds 6,012 shares or 0.02% of its portfolio. Acadian Asset Management Limited Liability Com has invested 0.45% of its portfolio in Big Lots, Inc. (NYSE:BIG).
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 9 sales for $4.28 million net activity. 10,000 shares were sold by Stein Andrew D, worth $530,000. JOHNSON TIMOTHY A also sold $623,829 worth of Big Lots, Inc. (NYSE:BIG) shares. $754,001 worth of Big Lots, Inc. (NYSE:BIG) was sold by Schlonsky Michael Allen. On Monday, July 11 SOLT RUSSELL sold $156,300 worth of the stock or 3,000 shares. Bachmann Lisa M had sold 50,000 shares worth $2.50M. The insider CAMPISI DAVID J sold 19,800 shares worth $1.03 million. 7,500 Big Lots, Inc. (NYSE:BIG) shares with value of $397,500 were sold by Berger Jeffrey Paul.
The stock decreased 0.81% or $0.43 during the last trading session, hitting $52.59. About 915,264 shares traded hands or 2.44% up from the average. Big Lots, Inc. (NYSE:BIG) has risen 14.02% since April 21, 2016 and is uptrending. It has outperformed by 8.69% the S&P500.
Big Lots, Inc. is a non-traditional, discount retailer operating in the United States. The company has a market cap of $2.42 billion. The Firm operates through the discount retailing segment. It has a 16.52 P/E ratio.
According to Zacks Investment Research, “Consolidated Stores Corp. is one of the leading value retailers specializing in closeout merchandise and toys. The company operates stores in the U.S., Puerto Rico and Guam and conducted online sales of children’s products. Retail operations are conducted primarily under the following names: Odd Lots, Big Lots, Big Lots Furniture, Mac Frugal’s Bargains Close-outs, and Pic N Save and K B Toys, K B Toy Works, and K B Toy Outlet and KBkids.com.”
Analysts await Big Lots, Inc. (NYSE:BIG) to report earnings on December, 2 before the open. They expect $-0.02 earnings per share, down 100.00% or $0.01 from last year’s $-0.01 per share. After $0.52 actual earnings per share reported by Big Lots, Inc. for the previous quarter, Wall Street now forecasts -103.85% negative EPS growth.
More important recent Big Lots, Inc. (NYSE:BIG) news were published by: Fool.com which released: “Why Big Lots Inc. Stock Soared 13% in May” on June 04, 2016, also Fool.com published article titled: “Big Lots Inc. Extends Its Growth Streak as Sales Gains Slow”, Fool.com published: “Is Big Lots a Good Value?” on October 08, 2016. More interesting news about Big Lots, Inc. (NYSE:BIG) was released by: Forbes.com and their article: “Ex-Dividend Reminder: Genuine Parts, Dick’s Sporting Goods and Big Lots” with publication date: September 06, 2016.
Big Lots, Inc., incorporated on March 12, 2001, is a non-traditional, discount retailer operating in the United States. The Firm operates a total of approximately 1,450 stores. The Firm operates through the discount retailing segment. 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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