LS Investment Advisors LLC Acquires 596 Shares of Big Lots, Inc. (NYSE:BIG)
LS Investment Advisors LLC raised its stake in Big Lots, Inc. (NYSE:BIG) by 19.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,668 shares of the company’s stock after buying an additional 596 shares during the period. LS Investment Advisors LLC’s holdings in Big Lots were worth $177,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Huntington National Bank increased its stake in shares of Big Lots by 88.9% in the first quarter. Huntington National Bank now owns 2,065 shares of the company’s stock valued at $101,000 after buying an additional 972 shares during the last quarter. Advisors Preferred LLC acquired a new stake in shares of Big Lots during the first quarter valued at $101,000. Neuburgh Advisers LLC increased its stake in shares of Big Lots by 14.3% in the first quarter. Neuburgh Advisers LLC now owns 2,112 shares of the company’s stock valued at $103,000 after buying an additional 264 shares during the last quarter. FNY Managed Accounts LLC acquired a new stake in shares of Big Lots during the first quarter valued at $123,000. Finally, Tyers Asset Management LLC increased its stake in shares of Big Lots by 14.3% in the first quarter. Tyers Asset Management LLC now owns 2,688 shares of the company’s stock valued at $131,000 after buying an additional 336 shares during the last quarter.
Shares of Big Lots, Inc. (NYSE BIG) traded up 0.70% during midday trading on Tuesday, hitting $51.66. 198,726 shares of the company’s stock were exchanged. The stock has a market cap of $2.28 billion, a PE ratio of 14.03 and a beta of 0.85. The stock’s 50 day moving average is $48.19 and its 200-day moving average is $49.30. Big Lots, Inc. has a 1-year low of $42.40 and a 1-year high of $56.54.
Big Lots (NYSE:BIG) last posted its earnings results on Friday, May 26th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.16. Big Lots had a net margin of 3.20% and a return on equity of 29.88%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts predict that Big Lots, Inc. will post $4.20 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the stock. BidaskClub downgraded 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 target price on the stock in a research note on Friday, July 28th. Deutsche Bank AG raised shares of Big Lots from a “hold” rating to a “buy” rating and upped their target price for the stock from $55.00 to $56.00 in a research note on Tuesday, July 25th. Loop Capital reaffirmed a “buy” rating and set a $64.00 target price on shares of Big Lots in a research note on Tuesday, May 30th. Finally, Oppenheimer Holdings, Inc. set a $60.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research note on Saturday, May 27th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Big Lots has a consensus rating of “Buy” and an average price target of $58.00.
In other news, CEO David J. Campisi sold 28,875 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the transaction, the chief executive officer now directly owns 225,018 shares of the company’s stock, valued at $11,259,900.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.70% of the company’s stock.
Big Lots Company Profile
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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