Big Lots, Inc. (BIG) Shares Sold by New Amsterdam Partners LLC NY

New Amsterdam Partners LLC NY decreased its position in Big Lots, Inc. (NYSE:BIG) by 56.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 70,131 shares of the company’s stock after selling 89,475 shares during the period. New Amsterdam Partners LLC NY owned approximately 0.18% of Big Lots worth $2,931,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kessler Investment Group LLC acquired a new position in shares of Big Lots in the 2nd quarter valued at $129,000. Itau Unibanco Holding S.A. grew its holdings in shares of Big Lots by 87.4% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 3,569 shares of the company’s stock valued at $149,000 after buying an additional 1,665 shares during the period. Meadow Creek Investment Management LLC grew its holdings in shares of Big Lots by 58.9% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 4,880 shares of the company’s stock valued at $204,000 after buying an additional 1,808 shares during the period. Bridgewater Associates LP acquired a new position in shares of Big Lots in the 2nd quarter valued at $211,000. Finally, BKS Advisors LLC acquired a new position in shares of Big Lots in the 3rd quarter valued at $221,000.

In other Big Lots news, EVP Lisa M. Bachmann sold 29,733 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $48.85, for a total value of $1,452,457.05. Following the completion of the transaction, the executive vice president now owns 61,630 shares of the company’s stock, valued at approximately $3,010,625.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lisa M. Bachmann sold 7,517 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $48.85, for a total transaction of $367,205.45. Following the completion of the transaction, the executive vice president now directly owns 61,630 shares of the company’s stock, valued at approximately $3,010,625.50. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Several brokerages have recently issued reports on BIG. ValuEngine raised shares of Big Lots from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Zacks Investment Research raised shares of Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 target price for the company in a research note on Wednesday, August 1st. TheStreet raised shares of Big Lots from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Bank of America initiated coverage on shares of Big Lots in a research note on Monday. They issued a “buy” rating and a $56.00 target price for the company. Finally, Loop Capital upped their target price on shares of Big Lots from $48.00 to $48.00 and gave the stock a “hold” rating in a research note on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $51.73.

Shares of NYSE BIG opened at $43.78 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32. Big Lots, Inc. has a 1-year low of $36.20 and a 1-year high of $64.42. The firm has a market capitalization of $1.70 billion, a P/E ratio of 9.84, a P/E/G ratio of 1.08 and a beta of 0.96.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, August 31st. The company reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.08). Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the firm earned $0.67 EPS. Big Lots’s quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts expect that Big Lots, Inc. will post 4.46 earnings per share for the current year.

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Big Lots Profile

Big Lots, Inc, through its subsidiaries, operates as a community 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 décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

Further Reading: Earnings Per Share

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

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