Systematic Financial Management LP Has $1.65 Million Stake in Big Lots, Inc. (BIG)
Systematic Financial Management LP decreased its stake in shares of Big Lots, Inc. (NYSE:BIG) by 5.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 30,775 shares of the company’s stock after selling 1,770 shares during the period. Systematic Financial Management LP owned 0.07% of Big Lots worth $1,649,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of BIG. Teachers Advisors LLC boosted its stake in Big Lots by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 77,729 shares of the company’s stock valued at $3,784,000 after purchasing an additional 2,669 shares during the period. Capstone Asset Management Co. boosted its stake in Big Lots by 6.8% during the 2nd quarter. Capstone Asset Management Co. now owns 6,589 shares of the company’s stock valued at $318,000 after purchasing an additional 420 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Big Lots by 4.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 16,257 shares of the company’s stock valued at $785,000 after purchasing an additional 726 shares during the period. LS Investment Advisors LLC boosted its stake in Big Lots by 19.4% during the 2nd quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock valued at $177,000 after purchasing an additional 596 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in Big Lots by 3.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the company’s stock valued at $565,000 after purchasing an additional 400 shares during the period.
In related news, insider Michael Allen Schlonsky sold 2,602 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $48.00, for a total transaction of $124,896.00. Following the completion of the transaction, the insider now owns 34,706 shares in the company, valued at approximately $1,665,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David J. Campisi sold 96,940 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the transaction, the chief executive officer now owns 99,203 shares of the company’s stock, valued at approximately $5,257,759. The disclosure for this sale can be found here. Insiders have sold a total of 100,542 shares of company stock valued at $5,313,716 in the last 90 days. 1.70% of the stock is owned by corporate insiders.
Several brokerages recently weighed in on BIG. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Tuesday, October 10th. BidaskClub upgraded Big Lots from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Piper Jaffray Companies set a $52.00 target price on Big Lots and gave the company a “hold” rating in a research note on Sunday, October 1st. Loop Capital set a $64.00 price objective on Big Lots and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Finally, Morgan Stanley assumed coverage on Big Lots in a research report on Monday, September 25th. They issued an “overweight” rating and a $58.00 price objective for the company. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Big Lots presently has a consensus rating of “Buy” and a consensus target price of $57.85.
Big Lots, Inc. (NYSE:BIG) opened at $54.30 on Monday. The company has a current ratio of 1.62, a quick ratio of 0.27 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $2,305.14, a P/E ratio of 13.18, a P/E/G ratio of 0.95 and a beta of 0.95. Big Lots, Inc. has a 52-week low of $45.10 and a 52-week high of $56.54.
Big Lots (NYSE:BIG) last posted its earnings results on Friday, August 25th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. Big Lots’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. analysts forecast that Big Lots, Inc. will post 4.22 earnings per share for the current fiscal year.
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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.
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