SG Americas Securities LLC Decreases Position in Big Lots, Inc. (NYSE:BIG)

SG Americas Securities LLC lessened its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,679 shares of the company’s stock after selling 470 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Big Lots worth $869,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BIG. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Big Lots in the 2nd quarter worth $43,000. Advisor Group Holdings Inc. purchased a new position in Big Lots in the 1st quarter worth $60,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Big Lots by 36.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,153 shares of the company’s stock worth $61,000 after acquiring an additional 575 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Big Lots in the 1st quarter worth $77,000. Finally, US Bancorp DE raised its stake in Big Lots by 58.5% in the 1st quarter. US Bancorp DE now owns 7,015 shares of the company’s stock worth $100,000 after acquiring an additional 2,588 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

A number of brokerages recently issued reports on BIG. Goldman Sachs Group began coverage on Big Lots in a research note on Monday, May 18th. They issued a “neutral” rating and a $25.00 target price for the company. Deutsche Bank raised their target price on Big Lots from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. They noted that the move was a valuation call. Loop Capital raised Big Lots from a “hold” rating to a “buy” rating in a research report on Monday, June 29th. Piper Sandler increased their price target on Big Lots from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Finally, Jefferies Financial Group increased their price target on Big Lots from $55.00 to $75.00 in a research report on Monday, May 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $38.42.

NYSE:BIG opened at $39.34 on Friday. Big Lots, Inc. has a 52 week low of $10.13 and a 52 week high of $44.90. The company has a quick ratio of 0.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $1.56 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 0.91 and a beta of 2.39. The stock’s 50-day moving average price is $38.53 and its 200-day moving average price is $27.62.

Big Lots (NYSE:BIG) last posted its earnings results on Friday, May 29th. The company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.86. Big Lots had a return on equity of 19.99% and a net margin of 5.05%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts expect that Big Lots, Inc. will post 6.2 earnings per share for the current fiscal year.

In other news, EVP Lisa M. Bachmann sold 30,206 shares of Big Lots stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $41.31, for a total transaction of $1,247,809.86. Also, EVP Lisa M. Bachmann sold 19,352 shares of Big Lots stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $42.36, for a total transaction of $819,750.72. Following the sale, the executive vice president now directly owns 111,034 shares in the company, valued at approximately $4,703,400.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,958 shares of company stock worth $2,084,453. Corporate insiders own 0.88% of the company’s stock.

About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home d├ęcor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

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