Big Lots, Inc. (NYSE:BIG) SVP Ronald A. Robins, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the senior vice president now owns 14,545 shares of the company’s stock, valued at $669,070. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NYSE:BIG traded down $4.81 during midday trading on Friday, hitting $43.05. 11,466,600 shares of the company traded hands, compared to its average volume of 1,483,334. Big Lots, Inc. has a 12-month low of $36.20 and a 12-month high of $64.42. The firm has a market capitalization of $1.97 billion, a PE ratio of 9.86, a PEG ratio of 0.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.65.
Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, August 31st. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.08). The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Big Lots had a net margin of 3.23% and a return on equity of 28.85%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.67 EPS. equities analysts forecast that Big Lots, Inc. will post 4.56 EPS for the current year.
A number of institutional investors have recently made changes to their positions in BIG. Victory Capital Management Inc. grew its position in Big Lots by 13,578.9% in the 2nd quarter. Victory Capital Management Inc. now owns 816,906 shares of the company’s stock valued at $34,131,000 after acquiring an additional 810,934 shares during the last quarter. Marshall Wace LLP bought a new position in Big Lots in the 2nd quarter valued at $24,740,000. Segall Bryant & Hamill LLC bought a new position in Big Lots in the 2nd quarter valued at $23,659,000. Millennium Management LLC grew its position in shares of Big Lots by 174.9% during the 1st quarter. Millennium Management LLC now owns 841,412 shares of the company’s stock worth $36,627,000 after buying an additional 535,371 shares in the last quarter. Finally, BTIM Corp. bought a new position in shares of Big Lots during the 2nd quarter worth $20,035,000.
BIG has been the topic of a number of research analyst reports. Citigroup initiated coverage on Big Lots in a report on Friday, July 6th. They issued a “buy” rating on the stock. ValuEngine raised Big Lots from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Zacks Investment Research raised Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 price target on the stock in a report on Wednesday, August 1st. JPMorgan Chase & Co. decreased their price objective on Big Lots from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, June 4th. Finally, Telsey Advisory Group decreased their price objective on Big Lots from $49.00 to $42.00 and set a “market perform” rating on the stock in a report on Monday, June 4th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Big Lots presently has a consensus rating of “Hold” and a consensus target price of $51.47.
Big Lots Company Profile
Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
Further Reading: Leveraged Buyout (LBO)
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