Nisa Investment Advisors LLC reduced its position in Big Lots, Inc. (NYSE:BIG) by 10.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,270 shares of the company’s stock after selling 1,500 shares during the period. Nisa Investment Advisors LLC’s holdings in Big Lots were worth $641,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. Huntington National Bank raised 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 worth $101,000 after buying an additional 972 shares during the period. Advisors Preferred LLC bought a new stake in shares of Big Lots during the first quarter worth about $101,000. Neuburgh Advisers LLC raised 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 worth $103,000 after buying an additional 264 shares during the period. FNY Managed Accounts LLC bought a new stake in shares of Big Lots during the first quarter worth about $123,000. Finally, Tyers Asset Management LLC raised 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 worth $131,000 after buying an additional 336 shares during the period.
Big Lots, Inc. (BIG) traded up 0.37% on Wednesday, reaching $51.18. 181,034 shares of the company’s stock traded hands. The firm’s 50-day moving average is $48.26 and its 200 day moving average is $49.33. Big Lots, Inc. has a 52-week low of $42.40 and a 52-week high of $56.54. The stock has a market capitalization of $2.26 billion, a PE ratio of 13.90 and a beta of 0.85.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, May 26th. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.16. Big Lots had a net margin of 3.20% and a return on equity of 29.88%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. Analysts forecast that Big Lots, Inc. will post $4.20 EPS for the current year.
A number of brokerages have recently issued reports on BIG. Oppenheimer Holdings, Inc. set a $60.00 target price on shares of Big Lots and gave the company a “buy” rating in a research note on Saturday, May 27th. BidaskClub upgraded shares of Big Lots from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, May 23rd. ValuEngine lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Loop Capital restated a “buy” rating and issued a $64.00 target price on shares of Big Lots in a research note on Tuesday, May 30th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company 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 business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total value of $1,444,905.00. Following the completion of the transaction, the chief executive officer now directly owns 225,018 shares of the company’s stock, valued at $11,259,900.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lisa M. Bachmann sold 40,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was 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 of the company’s stock, valued at $2,452,539. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,975 shares of company stock valued at $3,593,055. Insiders own 1.70% of the company’s stock.
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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