Russell Solt Sells 2,100 Shares of Big Lots, Inc. (NYSE:BIG) Stock
Big Lots, Inc. (NYSE:BIG) Director Russell Solt sold 2,100 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $51.50, for a total transaction of $108,150.00. Following the completion of the sale, the director now owns 10,041 shares of the company’s stock, valued at approximately $517,111.50. The transaction was disclosed in a filing with the SEC, which is available through this link.
Big Lots, Inc. (BIG) traded down 0.60% during trading on Tuesday, reaching $50.99. 598,521 shares of the company traded hands. Big Lots, Inc. has a 52 week low of $42.40 and a 52 week high of $56.54. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 13.84 and a beta of 0.85. The company’s 50-day moving average price is $48.26 and its 200 day moving average price is $49.33.
Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, May 26th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.99 by $0.16. Big Lots had a return on equity of 29.88% and a net margin of 3.20%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.82 EPS. Big Lots’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Big Lots, Inc. will post $4.20 EPS for the current year.
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BIG has been the subject of several recent analyst reports. BidaskClub lowered shares of Big Lots from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Citigroup Inc. reiterated a “buy” rating and issued a $62.00 target price (up previously from $61.00) on shares of Big Lots in a research note on Friday, June 9th. Raymond James Financial, Inc. upgraded shares of Big Lots from a “market perform” rating to a “strong-buy” rating and set a $60.00 target price for the company in a research note on Wednesday, April 26th. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Monday, May 8th. Finally, ValuEngine lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Big Lots presently has an average rating of “Buy” and an average target price of $58.00.
A number of large investors have recently added to or reduced their stakes in BIG. Principal Financial Group Inc. increased its stake in Big Lots by 6.3% in the second quarter. Principal Financial Group Inc. now owns 233,275 shares of the company’s stock valued at $11,267,000 after buying an additional 13,767 shares during the last quarter. BKS Advisors LLC purchased a new stake in Big Lots during the second quarter worth about $203,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Big Lots during the second quarter worth about $706,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Big Lots by 159.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,194 shares of the company’s stock worth $396,000 after buying an additional 5,041 shares in the last quarter. Finally, Balter Liquid Alternatives LLC purchased a new stake in Big Lots during the second quarter worth about $494,000.
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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