November 23, 2016 - By Hazel Jackson
Big Lots Inc CEO & President and an insider David Campisi in the last few days made a sale of 24,075 company shares having a value of $1,256,691 at an avg stock price per share of $52.2. In the last 30 days, he also sold 19,800 shares that are worth $1,029,719 USD. This is a sell that is not going to remain unseen as David already has 115,569 shares accounting for 0.26% of the Company’s market cap The trade was made on 23/11/2016 and this act was unveiled in a document which was filed with the U.S. SEC. This document is at your disposal for a review here.
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. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, September 23 report. The stock of Big Lots, Inc. (NYSE:BIG) earned “Neutral” rating by Piper Jaffray on Monday, December 7. The rating was maintained by M Partners with “Buy” on Monday, December 7. On Wednesday, August 26 the stock rating was maintained by Wedbush with “Buy”. The stock has “Underperform” rating given by Credit Suisse on Wednesday, March 16. Northcoast downgraded the shares of BIG in a report on Tuesday, August 2 to “Neutral” rating. The stock of Big Lots, Inc. (NYSE:BIG) has “Buy” rating given on Tuesday, May 31 by M Partners. Telsey Advisory Group maintained Big Lots, Inc. (NYSE:BIG) rating on Monday, December 7. Telsey Advisory Group has “Market Perform” rating and $46 price target. The stock of Big Lots, Inc. (NYSE:BIG) has “Buy” rating given on Tuesday, September 1 by Wedbush. Oppenheimer initiated the shares of BIG in a report on Friday, June 3 with “Outperform” rating.
Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.03, from 0.96 in 2016Q1. The ratio dropped, 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.
The Pennsylvania-based Nationwide Fund Advsr has invested 0.02% in Big Lots, Inc. (NYSE:BIG). Us Comml Bank De has 0% invested in the company for 22,455 shares. Euclidean Techs Mngmt Limited Company has 2.3% invested in the company for 42,845 shares. Kcg Hldgs holds 0.03% of its portfolio in Big Lots, Inc. (NYSE:BIG) for 29,617 shares. Parkside Bankshares & Tru holds 0% of its portfolio in Big Lots, Inc. (NYSE:BIG) for 136 shares. Moreover, Ameritas Invest Prtn has 0.08% invested in Big Lots, Inc. (NYSE:BIG) for 24,191 shares. Vanguard Group has invested 0.02% of its portfolio in Big Lots, Inc. (NYSE:BIG). Invesco Ltd holds 0% or 203,325 shares in its portfolio. Moreover, Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has 0.01% invested in Big Lots, Inc. (NYSE:BIG) for 8,541 shares. Old Mutual Customised Solutions (Proprietary) Limited has invested 0.03% of its portfolio in Big Lots, Inc. (NYSE:BIG). Cipher Lp last reported 60,698 shares in the company. Balyasny Asset Management Ltd Llc has 10,107 shares for 0% of their US portfolio. Public Employees Retirement Association Of Colorado has invested 0% of its portfolio in Big Lots, Inc. (NYSE:BIG). Tiaa Cref Inv Mngmt Limited Liability Corp owns 157,744 shares or 0.01% of their US portfolio. Nomura Asset Management Commerce Limited holds 0% or 1,560 shares in its portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 9 selling transactions for $4.28 million net activity. 3,000 Big Lots, Inc. (NYSE:BIG) shares with value of $154,500 were sold by SOLT RUSSELL. Schlonsky Michael Allen had sold 15,000 shares worth $754,001 on Friday, July 1. $375,525 worth of Big Lots, Inc. (NYSE:BIG) shares were sold by Berger Jeffrey Paul. Stein Andrew D had sold 10,000 shares worth $530,000 on Monday, July 11. Bachmann Lisa M sold 50,000 shares worth $2.50 million. Another trade for 49,805 shares valued at $2.49 million was sold by CAMPISI DAVID J. On Tuesday, May 31 the insider MALLOTT PHILIP E sold $260,400.
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 EPS, down 100.00% or $0.01 from last year’s $-0.01 per share. After $0.52 actual EPS 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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