First National Bank of Omaha bought a new stake in Big Lots, Inc. (NYSE:BIG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,903 shares of the company’s stock, valued at approximately $288,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIG. Foundry Partners LLC increased its holdings in shares of Big Lots by 2.5% in the third quarter. Foundry Partners LLC now owns 185,718 shares of the company’s stock valued at $7,761,000 after purchasing an additional 4,480 shares during the last quarter. US Bancorp DE increased its holdings in shares of Big Lots by 37.2% in the second quarter. US Bancorp DE now owns 8,011 shares of the company’s stock valued at $335,000 after purchasing an additional 2,174 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Big Lots in the second quarter valued at approximately $552,000. Rhumbline Advisers increased its holdings in shares of Big Lots by 2.9% in the second quarter. Rhumbline Advisers now owns 81,960 shares of the company’s stock valued at $3,424,000 after purchasing an additional 2,340 shares during the last quarter. Finally, Somerset Trust Co acquired a new stake in shares of Big Lots in the second quarter valued at approximately $429,000.
In other Big Lots news, EVP Lisa M. Bachmann sold 29,733 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $48.85, for a total transaction of $1,452,457.05. Following the completion of the sale, the executive vice president now owns 61,630 shares of the company’s stock, valued at $3,010,625.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lisa M. Bachmann sold 7,517 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $48.85, for a total value of $367,205.45. Following the sale, 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 company insiders.
Big Lots (NYSE:BIG) last posted its earnings results on Friday, August 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.08). The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Big Lots had a return on equity of 27.83% and a net margin of 3.14%. Big Lots’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.67 EPS. As a group, equities research analysts anticipate that Big Lots, Inc. will post 4.46 earnings per share for the current fiscal year.
Several research firms recently commented on BIG. Bank of America began coverage on Big Lots in a report on Monday. They issued a “buy” rating and a $56.00 price target for the company. ValuEngine raised Big Lots from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. Loop Capital increased their price target on Big Lots from $48.00 to $48.00 and gave the company a “hold” rating in a report on Monday, August 27th. TheStreet raised Big Lots from a “c+” rating to a “b-” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research raised Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 price target for the company in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.73.
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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.
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