Big Lots, Inc. (BIG) Insider Sells $124,896.00 in Stock
Big Lots, Inc. (NYSE:BIG) insider Michael Allen Schlonsky sold 2,602 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $48.00, for a total value of $124,896.00. Following the completion of the transaction, the insider now directly owns 34,706 shares of the company’s stock, valued at $1,665,888. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Big Lots, Inc. (NYSE:BIG) traded up 0.06% during mid-day trading on Thursday, reaching $47.60. The company’s stock had a trading volume of 940,151 shares. The firm has a market cap of $2.05 billion, a PE ratio of 12.34 and a beta of 0.85. Big Lots, Inc. has a one year low of $42.40 and a one year high of $56.54. The stock’s 50 day moving average is $49.35 and its 200 day moving average is $49.41.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.05. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. On average, analysts anticipate that Big Lots, Inc. will post $4.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Thursday, September 7th. Big Lots’s payout ratio is 26.04%.
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Several research analysts have recently commented on the company. Zacks Investment Research downgraded Big Lots from a “buy” rating to a “hold” rating in a research note on Wednesday. Loop Capital set a $64.00 target price on Big Lots and gave the stock a “buy” rating in a research note on Wednesday. Deutsche Bank AG restated a “buy” rating and set a $57.00 target price (up from $56.00) on shares of Big Lots in a research note on Saturday, August 26th. Oppenheimer Holdings, Inc. set a $60.00 target price on Big Lots and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, BidaskClub upgraded Big Lots from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $58.18.
Several institutional investors have recently modified their holdings of BIG. BlackRock Inc. raised its position in shares of Big Lots by 3,846.5% in the first quarter. BlackRock Inc. now owns 6,101,011 shares of the company’s stock valued at $296,996,000 after buying an additional 5,946,417 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Big Lots by 105.1% in the second quarter. Acadian Asset Management LLC now owns 813,168 shares of the company’s stock valued at $39,276,000 after buying an additional 416,770 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Big Lots by 206.9% in the first quarter. UBS Asset Management Americas Inc. now owns 547,890 shares of the company’s stock valued at $26,671,000 after buying an additional 369,367 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Big Lots by 7.2% in the first quarter. Vanguard Group Inc. now owns 5,474,133 shares of the company’s stock valued at $266,480,000 after buying an additional 368,464 shares during the last quarter. Finally, Balyasny Asset Management LLC raised its position in shares of Big Lots by 43.3% in the second quarter. Balyasny Asset Management LLC now owns 1,080,139 shares of the company’s stock valued at $52,171,000 after buying an additional 326,620 shares during the last quarter.
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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