Victory Capital Management Inc. increased its position in Big Lots, Inc. (NYSE:BIG) by 13,578.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 816,906 shares of the company’s stock after acquiring an additional 810,934 shares during the period. Victory Capital Management Inc. owned approximately 2.03% of Big Lots worth $34,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Kessler Investment Group LLC purchased a new position in Big Lots in the 2nd quarter worth $129,000. Point72 Asia Hong Kong Ltd purchased a new position in Big Lots in the 1st quarter worth $135,000. Pitcairn Co. raised its stake in Big Lots by 45.6% in the 1st quarter. Pitcairn Co. now owns 5,187 shares of the company’s stock worth $226,000 after acquiring an additional 1,624 shares during the last quarter. Verition Fund Management LLC purchased a new position in Big Lots in the 1st quarter worth $244,000. Finally, Sciencast Management LP purchased a new position in Big Lots in the 1st quarter worth $256,000.
A number of equities analysts recently issued reports on BIG shares. ValuEngine lowered Big Lots from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered Big Lots from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. JPMorgan Chase & Co. cut their price target on Big Lots from $55.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 22nd. Deutsche Bank cut their price target on Big Lots from $64.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, May 24th. Finally, Deutsche Bank cut their price target on Big Lots from $64.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, May 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $51.50.
NYSE:BIG opened at $48.01 on Wednesday. Big Lots, Inc. has a 52 week low of $36.20 and a 52 week high of $64.42. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.65. The stock has a market cap of $1.91 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.86 and a beta of 1.03.
Big Lots (NYSE:BIG) last posted its earnings results on Friday, June 1st. The company reported $0.95 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.24). Big Lots had a net margin of 3.23% and a return on equity of 28.85%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $1.15 earnings per share. Big Lots’s revenue was down 2.1% on a year-over-year basis. analysts expect that Big Lots, Inc. will post 4.56 EPS for the current fiscal year.
Big Lots Company 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.
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