BNP Paribas Arbitrage SA Has $9.33 Million Holdings in Big Lots, Inc. (BIG)
BNP Paribas Arbitrage SA lessened its stake in Big Lots, Inc. (NYSE:BIG) by 21.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,085 shares of the company’s stock after selling 46,512 shares during the period. BNP Paribas Arbitrage SA owned 0.41% of Big Lots worth $9,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of BIG. Acadian Asset Management LLC grew its stake in 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 purchasing an additional 416,770 shares during the last quarter. Balyasny Asset Management LLC grew its stake in 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 purchasing an additional 326,620 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in Big Lots by 37.0% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock valued at $60,100,000 after purchasing an additional 303,207 shares during the last quarter. Stifel Financial Corp grew its stake in Big Lots by 631.7% in the second quarter. Stifel Financial Corp now owns 261,342 shares of the company’s stock valued at $12,651,000 after purchasing an additional 225,625 shares during the last quarter. Finally, APG Asset Management N.V. purchased a new position in Big Lots in the third quarter valued at about $11,523,000.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Thursday, August 17th. BidaskClub lowered Big Lots from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Big Lots in a research note on Wednesday, September 20th. Finally, KeyCorp restated a “buy” rating and set a $58.00 price target on shares of Big Lots in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Big Lots currently has a consensus rating of “Buy” and an average price target of $57.85.
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Shares of Big Lots, Inc. (BIG) opened at $52.89 on Thursday. The company has a current ratio of 1.62, a quick ratio of 0.27 and a debt-to-equity ratio of 0.39. Big Lots, Inc. has a twelve month low of $45.10 and a twelve month high of $56.54. The company has a market capitalization of $2,271.62, a PE ratio of 12.99, a P/E/G ratio of 0.94 and a beta of 0.95.
Big Lots (NYSE:BIG) last released its earnings results on Friday, August 25th. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. analysts expect that Big Lots, Inc. will post 4.22 EPS for the current fiscal year.
In related news, insider Ronald A. Robins, Jr. sold 1,000 shares of Big Lots stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the sale, the insider now owns 7,925 shares of the company’s stock, valued at $404,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the transaction, the chief executive officer now directly owns 99,203 shares of the company’s stock, valued at $5,257,759. The disclosure for this sale can be found here. Insiders have sold 100,542 shares of company stock valued at $5,313,716 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.
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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