Big Lots, Inc. (BIG) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. decreased its position in shares of Big Lots, Inc. (NYSE:BIG) by 24.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 336,437 shares of the company’s stock after selling 106,065 shares during the period. Ameriprise Financial Inc. owned about 0.76% of Big Lots worth $16,248,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of BIG. IFP Advisors Inc boosted its position in shares of Big Lots by 13.6% in the 2nd quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock worth $113,000 after purchasing an additional 280 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Big Lots in the 1st quarter worth approximately $123,000. LS Investment Advisors LLC boosted its position in shares of Big Lots by 19.4% in the 2nd quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock worth $177,000 after purchasing an additional 596 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Big Lots by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock worth $191,000 after purchasing an additional 68 shares in the last quarter. Finally, BKS Advisors LLC bought a new stake in shares of Big Lots in the 2nd quarter worth approximately $203,000.
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BIG has been the topic of a number of analyst reports. BidaskClub cut Big Lots from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Citigroup Inc. reissued a “buy” rating and issued a $62.00 price target (up from $61.00) on shares of Big Lots in a research report on Friday, June 9th. Loop Capital set a $64.00 price target on Big Lots and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Finally, Deutsche Bank AG raised Big Lots from a “hold” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $56.00 in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $57.54.
In other Big Lots news, CEO David J. Campisi sold 96,940 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the sale, the chief executive officer now directly owns 99,203 shares in the company, valued at $5,257,759. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David J. Campisi sold 28,875 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 225,018 shares of the company’s stock, valued at $11,259,900.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 171,517 shares of company stock valued at $8,906,771. 1.70% of the stock is owned by insiders.
Big Lots, Inc. (NYSE:BIG) opened at 52.15 on Thursday. The company has a 50-day moving average price of $49.68 and a 200 day moving average price of $49.00. The company has a market capitalization of $2.21 billion, a PE ratio of 13.52 and a beta of 0.96. Big Lots, Inc. has a 52-week low of $42.40 and a 52-week high of $56.54.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.05. The company had revenue of $1.22 billion during 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%. Big Lots’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. Equities research analysts anticipate that Big Lots, Inc. will post $4.24 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.00 annualized dividend and a yield of 1.92%. Big Lots’s dividend payout ratio (DPR) is 26.04%.
Big Lots 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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