Olstein Capital Management L.P. Has $4,719,000 Position in Big Lots, Inc. (BIG)
Olstein Capital Management L.P. continued to hold its stake in shares of Big Lots, Inc. (NYSE:BIG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,710 shares of the company’s stock at the end of the second quarter. Olstein Capital Management L.P.’s holdings in Big Lots were worth $4,719,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Big Lots by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 75,060 shares of the company’s stock worth $3,769,000 after buying an additional 2,052 shares during the period. Capstone Asset Management Co. raised its stake in shares of Big Lots by 7.5% in the first quarter. Capstone Asset Management Co. now owns 6,169 shares of the company’s stock worth $300,000 after buying an additional 430 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Big Lots during the first quarter worth about $494,000. Louisiana State Employees Retirement System raised its stake in shares of Big Lots by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the company’s stock worth $550,000 after buying an additional 300 shares during the period. Finally, Boston Advisors LLC raised its stake in shares of Big Lots by 10.4% in the first quarter. Boston Advisors LLC now owns 124,935 shares of the company’s stock worth $6,082,000 after buying an additional 11,810 shares during the period.
Shares of Big Lots, Inc. (NYSE BIG) opened at 49.96 on Wednesday. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 13.57 and a beta of 0.85. Big Lots, Inc. has a 1-year low of $42.40 and a 1-year high of $56.54. The company’s 50-day moving average is $48.95 and its 200 day moving average is $49.40.
Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, May 26th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.16. Big Lots had a net margin of 3.20% and a return on equity of 29.88%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $0.82 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Big Lots, Inc. will post $4.20 EPS for the current year.
BIG has been the topic of a number of research reports. Raymond James Financial, Inc. raised shares of Big Lots from a “market perform” rating to a “strong-buy” rating and set a $60.00 target price on the stock in a research note on Wednesday, April 26th. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Monday, May 8th. 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. Loop Capital reaffirmed a “buy” rating and set a $64.00 target price on shares of Big Lots in a research note on Tuesday, May 30th. Finally, ValuEngine lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $58.00.
In related news, Director Russell Solt sold 2,100 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $51.50, for a total value of $108,150.00. Following the completion of the transaction, the director now directly owns 10,041 shares of the company’s stock, valued at approximately $517,111.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David J. Campisi sold 28,875 shares of the 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 transaction, the chief executive officer now directly owns 225,018 shares of the company’s stock, valued at $11,259,900.72. The disclosure for this sale can be found here. Insiders sold a total of 70,975 shares of company stock valued at $3,593,055 over the last ninety days. 1.70% of the stock is currently owned by insiders.
Big Lots Company 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.
Want to see what other hedge funds are holding BIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Big Lots, Inc. (NYSE:BIG).
Receive News & Ratings for Big Lots Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.