Insider Selling: Big Lots, Inc. (NYSE:BIG) EVP Sells $819,750.72 in Stock

Big Lots, Inc. (NYSE:BIG) EVP Lisa M. Bachmann sold 19,352 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $42.36, for a total value of $819,750.72. Following the sale, the executive vice president now directly owns 111,034 shares of the company’s stock, valued at $4,703,400.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of BIG opened at $42.46 on Monday. The stock has a market capitalization of $1.67 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.98 and a beta of 2.39. Big Lots, Inc. has a twelve month low of $10.13 and a twelve month high of $44.90. The company has a 50 day moving average of $37.82 and a 200-day moving average of $27.17. The company has a quick ratio of 0.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.68.

Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, May 29th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.40 by $0.86. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.32 billion. Big Lots had a return on equity of 19.99% and a net margin of 5.05%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, sell-side analysts anticipate that Big Lots, Inc. will post 6.2 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Big Lots by 9.9% in the 1st quarter. State Street Corp now owns 1,575,607 shares of the company’s stock valued at $22,870,000 after buying an additional 141,724 shares during the last quarter. Balyasny Asset Management LLC lifted its holdings in Big Lots by 283.6% during the 1st quarter. Balyasny Asset Management LLC now owns 680,774 shares of the company’s stock valued at $9,681,000 after purchasing an additional 503,295 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Big Lots by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 543,967 shares of the company’s stock valued at $7,735,000 after purchasing an additional 39,961 shares during the last quarter. Norges Bank acquired a new stake in Big Lots during the 4th quarter valued at $14,681,000. Finally, Sunbelt Securities Inc. lifted its holdings in Big Lots by 3,533.3% during the 1st quarter. Sunbelt Securities Inc. now owns 468,117 shares of the company’s stock valued at $10,400,000 after purchasing an additional 455,233 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

BIG has been the subject of a number of research reports. Deutsche Bank increased their target price on Big Lots from $37.00 to $42.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised Big Lots from an “underweight” rating to a “neutral” rating in a research note on Sunday, April 19th. Cfra increased their target price on Big Lots from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Jefferies Financial Group increased their target price on Big Lots from $55.00 to $75.00 in a research note on Monday, May 4th. Finally, Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating and set a $38.00 target price for the company. in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $38.00.

Big Lots Company Profile

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

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Insider Buying and Selling by Quarter for Big Lots (NYSE:BIG)

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