American Century Companies Inc. Grows Holdings in Big Lots, Inc. (BIG)
American Century Companies Inc. boosted its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,068 shares of the company’s stock after buying an additional 4,828 shares during the quarter. American Century Companies Inc. owned 0.36% of Big Lots worth $8,200,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in Big Lots by 13.6% during the 2nd quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock worth $113,000 after buying an additional 280 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in Big Lots by 19.4% during the 2nd quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock worth $177,000 after buying an additional 596 shares in the last quarter. Whittier Trust Co. acquired a new stake in Big Lots during the 3rd quarter worth approximately $178,000. First Quadrant L P CA acquired a new stake in Big Lots during the 3rd quarter worth approximately $182,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Big Lots by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock worth $191,000 after buying an additional 68 shares in the last quarter.
In related news, insider Ronald A. Robins, Jr. sold 1,000 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the transaction, the insider now directly owns 7,925 shares of the company’s stock, valued at approximately $404,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David J. Campisi sold 96,940 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the completion of the transaction, the chief executive officer now directly owns 99,203 shares in the company, valued at $5,257,759. The disclosure for this sale can be found here. Insiders sold a total of 100,542 shares of company stock worth $5,313,716 over the last ninety days. Insiders own 1.70% of the company’s stock.
Shares of Big Lots, Inc. (BIG) opened at $55.05 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.62 and a quick ratio of 0.27. The firm has a market cap of $2,337.00, a price-to-earnings ratio of 13.36, a PEG ratio of 0.97 and a beta of 0.95. Big Lots, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $56.54.
Big Lots (NYSE:BIG) last posted its earnings results on Friday, August 25th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.52 EPS. sell-side analysts anticipate that Big Lots, Inc. will post 4.22 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on BIG shares. Oppenheimer Holdings, Inc. set a $60.00 target price on shares of Big Lots and gave the stock a “buy” rating in a report on Friday, August 25th. Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating in a report on Friday, September 8th. ValuEngine upgraded shares of Big Lots from a “hold” rating to a “buy” rating in a report on Friday, September 15th. KeyCorp reiterated a “buy” rating and set a $58.00 target price on shares of Big Lots in a report on Friday, November 10th. Finally, BidaskClub upgraded shares of Big Lots from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Big Lots has a consensus rating of “Buy” and an average price target of $57.85.
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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