Big Lots, Inc. (BIG) Shares Sold by Chicago Equity Partners LLC
Chicago Equity Partners LLC decreased its stake in shares of Big Lots, Inc. (NYSE:BIG) by 10.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 117,840 shares of the company’s stock after selling 13,315 shares during the period. Chicago Equity Partners LLC owned about 0.27% of Big Lots worth $5,692,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in Big Lots by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,834 shares of the company’s stock valued at $475,000 after buying an additional 25 shares during the period. Somerset Trust Co boosted its position in Big Lots by 0.5% in the second quarter. Somerset Trust Co now owns 11,008 shares of the company’s stock valued at $531,000 after buying an additional 54 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Big Lots by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock valued at $191,000 after buying an additional 68 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Big Lots by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 27,722 shares of the company’s stock valued at $1,339,000 after buying an additional 109 shares during the period. Finally, Advantus Capital Management Inc boosted its position in Big Lots by 3.1% in the first quarter. Advantus Capital Management Inc now owns 5,705 shares of the company’s stock valued at $278,000 after buying an additional 173 shares during the period.
Big Lots, Inc. (BIG) opened at 47.79 on Friday. The firm has a 50-day moving average price of $49.48 and a 200 day moving average price of $49.28. The company has a market capitalization of $2.06 billion, a P/E ratio of 12.39 and a beta of 0.93. Big Lots, Inc. has a 12 month low of $42.40 and a 12 month high of $56.54.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the firm posted $0.52 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Analysts expect that Big Lots, Inc. will post $4.24 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.00 annualized dividend and a yield of 2.09%. Big Lots’s payout ratio is currently 26.04%.
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BIG has been the subject of several research reports. Oppenheimer Holdings, Inc. set a $60.00 price target on Big Lots and gave the company a “buy” rating in a report on Saturday, May 27th. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Thursday, August 17th. Piper Jaffray Companies reiterated a “hold” rating and set a $52.00 price target on shares of Big Lots in a report on Friday. KeyCorp reiterated a “buy” rating on shares of Big Lots in a report on Friday. Finally, ValuEngine lowered Big Lots from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $57.67.
In related news, CEO David J. Campisi sold 28,875 shares of Big Lots stock in a transaction that occurred on Tuesday, July 25th. The stock was 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 directly owns 225,018 shares of the company’s stock, valued at approximately $11,259,900.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Russell Solt sold 2,100 shares of Big Lots stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $51.50, for a total value of $108,150.00. Following the sale, the director now directly owns 10,041 shares of the company’s stock, valued at $517,111.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,577 shares of company stock valued at $3,717,951. 1.70% of the stock is currently owned by insiders.
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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