Big Lots Inc. (BIG) Shares Up 3.2%
Big Lots Inc. (NYSE:BIG) shot up 3.2% during mid-day trading on Tuesday . The company traded as high as $55.51 and last traded at $55.02, with a volume of 862,735 shares trading hands. The stock had previously closed at $53.30.
A number of brokerages have recently issued reports on BIG. Zacks Investment Research downgraded shares of Big Lots from a “hold” rating to a “sell” rating in a research report on Monday, May 9th. Oppenheimer Holdings Inc. started coverage on shares of Big Lots in a report on Friday, June 3rd. They issued an “outperform” rating and a $52.35 target price for the company. Deutsche Bank AG downgraded shares of Big Lots from a “buy” rating to a “hold” rating and dropped their target price for the stock from $49.00 to $47.00 in a report on Monday, May 23rd. MKM Partners upped their target price on shares of Big Lots from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 31st. Finally, Northcoast Research downgraded shares of Big Lots from a “buy” rating to a “neutral” rating in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.45.
The firm has a market cap of $2.45 billion and a PE ratio of 18.40. The stock’s 50 day moving average is $53.16 and its 200 day moving average is $47.45.
Big Lots (NYSE:BIG) last issued its earnings results on Friday, May 27th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.12. During the same period in the previous year, the business posted $0.60 earnings per share. The business had revenue of $1.31 billion for the quarter. Big Lots’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Big Lots Inc. will post $3.47 earnings per share for the current fiscal year.
In related news, CEO David J. Campisi sold 49,805 shares of the firm’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $50.05, for a total transaction of $2,492,740.25. Following the sale, the chief executive officer now owns 186,636 shares in the company, valued at $9,341,131.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Andrew D. Stein sold 10,000 shares of the firm’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $53.00, for a total transaction of $530,000.00. Following the sale, the senior vice president now owns 26,990 shares in the company, valued at approximately $1,430,470. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Big Lots stock. Trexquant Investment LP purchased a new stake in shares of Big Lots Inc. (NYSE:BIG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 42,720 shares of the company’s stock, valued at approximately $1,646,000. Trexquant Investment LP owned about 0.09% of Big Lots as of its most recent filing with the SEC.
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