Big Lots, Inc. (BIG) Insider Sells $2,040,000.00 in Stock
Big Lots, Inc. (NYSE:BIG) insider Lisa M. Bachmann sold 40,000 shares of Big Lots stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $51.00, for a total transaction of $2,040,000.00. Following the completion of the transaction, the insider now directly owns 48,089 shares in the company, valued at approximately $2,452,539. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Big Lots, Inc. (NYSE:BIG) traded down 0.60% during mid-day trading on Tuesday, hitting $50.99. 598,521 shares of the stock were exchanged. Big Lots, Inc. has a 12-month low of $42.40 and a 12-month high of $56.54. The stock’s 50 day moving average price is $48.26 and its 200-day moving average price is $49.33. The stock has a market capitalization of $2.25 billion, a P/E ratio of 13.84 and a beta of 0.85.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, May 26th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.16. Big Lots had a return on equity of 29.88% and a net margin of 3.20%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $0.82 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Big Lots, Inc. will post $4.20 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Big Lots by 3,846.5% in the first quarter. BlackRock Inc. now owns 6,101,011 shares of the company’s stock valued at $296,996,000 after buying an additional 5,946,417 shares during the period. Vanguard Group Inc. boosted its position in shares of Big Lots by 7.2% in the first quarter. Vanguard Group Inc. now owns 5,474,133 shares of the company’s stock valued at $266,480,000 after buying an additional 368,464 shares during the period. Wells Fargo & Company MN boosted its position in shares of Big Lots by 10.7% in the first quarter. Wells Fargo & Company MN now owns 2,187,917 shares of the company’s stock valued at $106,508,000 after buying an additional 211,842 shares during the period. State Street Corp boosted its position in shares of Big Lots by 0.8% in the first quarter. State Street Corp now owns 1,611,995 shares of the company’s stock valued at $78,474,000 after buying an additional 12,308 shares during the period. Finally, Sasco Capital Inc. CT boosted its position in shares of Big Lots by 0.5% in the second quarter. Sasco Capital Inc. CT now owns 1,542,300 shares of the company’s stock valued at $74,493,000 after buying an additional 7,840 shares during the period.
A number of brokerages have weighed in on BIG. BidaskClub lowered shares of Big Lots from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Friday, July 28th. Loop Capital reaffirmed a “buy” rating and issued a $64.00 price target on shares of Big Lots in a research note on Tuesday, May 30th. Oppenheimer Holdings, Inc. set a $60.00 price target on shares of Big Lots and gave the company a “buy” rating in a research note on Saturday, May 27th. Finally, ValuEngine lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Big Lots currently has a consensus rating of “Buy” and a consensus target price of $58.00.
About Big Lots
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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