Big Lots, Inc. (BIG) Insider Michael Allen Schlonsky Sells 2,602 Shares of Stock
Big Lots, Inc. (NYSE:BIG) insider Michael Allen Schlonsky sold 2,602 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $48.00, for a total transaction of $124,896.00. Following the completion of the sale, the insider now directly owns 34,706 shares of the company’s stock, valued at approximately $1,665,888. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Big Lots, Inc. (BIG) traded up 0.40% on Friday, reaching $47.79. 920,370 shares of the company’s stock traded hands. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 12.39 and a beta of 0.85. The stock’s 50-day moving average price is $49.49 and its 200-day moving average price is $49.30. Big Lots, Inc. has a 52 week low of $42.40 and a 52 week high of $56.54.
Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. Big Lots’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. Equities analysts predict that Big Lots, Inc. will post $4.24 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, September 7th. Big Lots’s dividend payout ratio is presently 26.04%.
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A number of equities research analysts recently issued reports on BIG shares. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, May 8th. Oppenheimer Holdings, Inc. set a $60.00 price objective on shares of Big Lots and gave the company a “buy” rating in a report on Saturday, May 27th. Loop Capital reissued a “buy” rating and issued a $64.00 price objective on shares of Big Lots in a report on Tuesday, May 30th. ValuEngine lowered shares of Big Lots from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Citigroup Inc. reissued a “buy” rating and issued a $62.00 price objective (up previously from $61.00) on shares of Big Lots in a report on Friday, June 9th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $57.67.
A number of institutional investors have recently added to or reduced their stakes in BIG. Huntington National Bank boosted its position in 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 in the last quarter. Advisors Preferred LLC bought a new position in Big Lots during the first quarter worth $101,000. Neuburgh Advisers LLC boosted its position in 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 in the last quarter. IFP Advisors Inc boosted its position in Big Lots by 13.6% in the second 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. Finally, FNY Managed Accounts LLC bought a new position in Big Lots during the first quarter worth $123,000.
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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