ING Groep NV Takes Position in Big Lots, Inc. (BIG)
ING Groep NV bought a new position in Big Lots, Inc. (NYSE:BIG) during the second quarter, Holdings Channel reports. The fund bought 5,447 shares of the company’s stock, valued at approximately $263,000.
A number of other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its position 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 worth $101,000 after buying an additional 972 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of Big Lots during the first quarter worth approximately $101,000. Neuburgh Advisers LLC boosted its position 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 worth $103,000 after buying an additional 264 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Big Lots during the first quarter worth approximately $123,000. Finally, Tyers Asset Management LLC boosted its position 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 worth $131,000 after buying an additional 336 shares during the last quarter.
Shares of Big Lots, Inc. (NYSE BIG) traded up 1.02% during midday trading on Friday, hitting $50.51. 350,398 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 firm has a 50 day moving average of $48.67 and a 200-day moving average of $49.36. The stock has a market cap of $2.23 billion, a P/E ratio of 13.71 and a beta of 0.85.
Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, May 26th. The company reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.16. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Big Lots had a net margin of 3.20% and a return on equity of 29.88%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 EPS. Equities research analysts anticipate that Big Lots, Inc. will post $4.20 EPS for the current year.
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BIG has been the topic of a number of analyst reports. Deutsche Bank AG upgraded shares of Big Lots from a “hold” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $56.00 in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, July 11th. Citigroup Inc. reissued a “buy” rating and issued a $62.00 price target (up previously from $61.00) on shares of Big Lots in a report on Friday, June 9th. Loop Capital reissued a “buy” rating and issued a $64.00 price target on shares of Big Lots in a report on Tuesday, May 30th. Finally, Oppenheimer Holdings, Inc. set a $60.00 price target on shares of Big Lots and gave the stock a “buy” rating in a report on Saturday, May 27th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $58.00.
In other Big Lots news, CEO David J. Campisi sold 28,875 shares of the stock in a transaction dated 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 in the company, valued at approximately $11,259,900.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Russell Solt sold 2,100 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $51.50, for a total transaction of $108,150.00. Following the transaction, the director now owns 10,041 shares in the company, valued at $517,111.50. The disclosure for this sale can be found here. Insiders sold a total of 70,975 shares of company stock worth $3,593,055 in the last ninety days. 1.70% of the stock is currently owned by insiders.
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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