Sei Investments Co. lifted its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 488.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 753,487 shares of the company’s stock after purchasing an additional 625,395 shares during the quarter. Sei Investments Co. owned approximately 1.79% of Big Lots worth $25,515,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. State Street Corp grew its position in Big Lots by 1.8% in the 2nd quarter. State Street Corp now owns 1,640,504 shares of the company’s stock worth $79,233,000 after purchasing an additional 28,509 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Big Lots by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 98,893 shares of the company’s stock worth $4,777,000 after acquiring an additional 1,607 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Big Lots by 21.7% during the 2nd quarter. Sterling Capital Management LLC now owns 15,655 shares of the company’s stock worth $756,000 after acquiring an additional 2,794 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Big Lots by 1.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 23,978 shares of the company’s stock worth $1,158,000 after acquiring an additional 369 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Big Lots by 17.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 12,880 shares of the company’s stock worth $622,000 after acquiring an additional 1,897 shares during the period.
Shares of Big Lots, Inc. (NYSE BIG) traded up $0.92 during midday trading on Friday, reaching $56.99. 851,994 shares of the company were exchanged, compared to its average volume of 1,000,000. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.24 and a current ratio of 1.66. Big Lots, Inc. has a 52-week low of $45.10 and a 52-week high of $64.42. The firm has a market capitalization of $2,400.00, a PE ratio of 14.54, a P/E/G ratio of 0.84 and a beta of 0.95.
Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, December 1st. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The business’s revenue was up .5% on a year-over-year basis. analysts forecast that Big Lots, Inc. will post 4.3 EPS for the current year.
In other news, insider Timothy A. Johnson sold 20,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $55.00, for a total value of $1,100,000.00. Following the sale, the insider now owns 65,649 shares of the company’s stock, valued at $3,610,695. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Paul Berger sold 6,000 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $58.00, for a total transaction of $348,000.00. Following the completion of the sale, the director now directly owns 7,566 shares in the company, valued at approximately $438,828. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Several equities analysts recently issued reports on BIG shares. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Wednesday, January 31st. Loop Capital reissued a “buy” rating and set a $70.00 price target on shares of Big Lots in a report on Monday, January 29th. Oppenheimer reissued a “market perform” rating on shares of Big Lots in a report on Wednesday, January 10th. Citigroup downgraded shares of Big Lots from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. They noted that the move was a valuation call. Finally, UBS Group downgraded shares of Big Lots from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.40.
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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