Polianta Ltd Continues to Hold Stake in Big Lots, Inc. (NYSE:BIG)

Polianta Ltd maintained its stake in shares of Big Lots, Inc. (NYSE:BIG) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,700 shares of the company’s stock at the end of the second quarter. Polianta Ltd’s holdings in Big Lots were worth $1,048,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BIG. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Big Lots during the first quarter valued at approximately $5,243,000. FNY Managed Accounts LLC purchased a new position in shares of Big Lots during the first quarter worth about $123,000. Tudor Investment Corp ET AL raised its position in shares of Big Lots by 496.6% in the first quarter. Tudor Investment Corp ET AL now owns 42,954 shares of the company’s stock worth $2,091,000 after buying an additional 35,754 shares during the period. Cambria Investment Management L.P. raised its position in shares of Big Lots by 1.2% in the first quarter. Cambria Investment Management L.P. now owns 29,837 shares of the company’s stock worth $1,452,000 after buying an additional 365 shares during the period. Finally, Paloma Partners Management Co raised its position in shares of Big Lots by 44.6% in the first quarter. Paloma Partners Management Co now owns 33,287 shares of the company’s stock worth $1,621,000 after buying an additional 10,269 shares during the period.

Big Lots, Inc. (BIG) traded up 0.34% during midday trading on Friday, reaching $50.43. The company had a trading volume of 698,515 shares. The stock has a market capitalization of $2.23 billion, a PE ratio of 13.69 and a beta of 0.85. Big Lots, Inc. has a 1-year low of $42.40 and a 1-year high of $56.54. The firm’s 50 day moving average is $48.21 and its 200 day moving average is $49.34.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, May 26th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.16. Big Lots had a net margin of 3.20% and a return on equity of 29.88%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $0.82 EPS. Big Lots’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts anticipate that Big Lots, Inc. will post $4.20 EPS for the current fiscal year.

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A number of equities analysts recently issued reports on the company. Oppenheimer Holdings, Inc. set a $60.00 target price on Big Lots and gave the stock a “buy” rating in a research note on Saturday, May 27th. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Tuesday, May 23rd. ValuEngine lowered Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Loop Capital reaffirmed a “buy” rating and set a $64.00 price target on shares of Big Lots in a research report on Tuesday, May 30th. Finally, BidaskClub downgraded Big Lots from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Big Lots currently has an average rating of “Buy” and an average target price of $58.00.

In other Big Lots news, CEO David J. Campisi sold 28,875 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the sale, the chief executive officer now directly owns 225,018 shares in the company, valued at approximately $11,259,900.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

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.

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

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