Century Capital Management LLC reduced its position in shares of Big Lots, Inc. (NYSE:BIG) by 26.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,733 shares of the company’s stock after selling 38,798 shares during the period. Century Capital Management LLC owned about 0.25% of Big Lots worth $5,342,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Big Lots during the fourth quarter worth $4,628,000. UBS Group AG raised its stake in shares of Big Lots by 18.9% in the third quarter. UBS Group AG now owns 113,124 shares of the company’s stock valued at $5,402,000 after buying an additional 17,985 shares during the period. Two Sigma Advisers LP raised its stake in shares of Big Lots by 129.3% in the third quarter. Two Sigma Advisers LP now owns 180,372 shares of the company’s stock valued at $8,613,000 after buying an additional 101,700 shares during the period. Weiss Asset Management LP bought a new stake in shares of Big Lots during the third quarter valued at about $239,000. Finally, Snow Capital Management LP raised its stake in shares of Big Lots by 30.9% in the third quarter. Snow Capital Management LP now owns 1,015,843 shares of the company’s stock valued at $48,507,000 after buying an additional 239,767 shares during the period.
Big Lots, Inc. (NYSE:BIG) traded up 2.22% during trading on Friday, reaching $47.50. 832,008 shares of the company were exchanged. The stock has a 50 day moving average price of $48.79 and a 200 day moving average price of $50.22. Big Lots, Inc. has a 12 month low of $41.61 and a 12 month high of $56.54. The firm has a market capitalization of $2.13 billion, a PE ratio of 14.30 and a beta of 0.89.
Big Lots (NYSE:BIG) last posted its earnings results on Friday, March 3rd. The company reported $2.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.22 by $0.04. Big Lots had a net margin of 3.02% and a return on equity of 27.08%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the firm posted $2.00 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. On average, analysts expect that Big Lots, Inc. will post $4.06 EPS for the current fiscal year.
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Several analysts have recently issued reports on BIG shares. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, February 28th. 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 on the stock in a research report on Wednesday, April 26th. Susquehanna Bancshares Inc started coverage on shares of Big Lots in a research report on Friday, February 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Loop Capital reiterated a “buy” rating and issued a $64.00 target price on shares of Big Lots in a research report on Monday, March 6th. Finally, Griffin Securities reiterated a “buy” rating on shares of Big Lots in a research report on Friday, March 3rd. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Big Lots presently has a consensus rating of “Buy” and a consensus target price of $55.83.
In other Big Lots news, insider Michael Allen Schlonsky sold 8,902 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $48.70, for a total transaction of $433,527.40. Following the sale, the insider now directly owns 54,207 shares of the company’s stock, valued at approximately $2,639,880.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $51.41, for a total transaction of $51,410.00. Following the sale, the insider now directly owns 4,471 shares in the company, valued at $229,854.11. The disclosure for this sale can be found here. Insiders have sold a total of 38,846 shares of company stock valued at $1,947,301 over the last 90 days. 1.60% of the stock is currently owned by insiders.
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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