The stock of Big Lots, Inc. (NYSE:BIG) is a huge mover today! About 1.45M shares traded hands or 66.79% up from the average. Big Lots, Inc. (NYSE:BIG) has risen 9.20% since April 20, 2016 and is uptrending. It has outperformed by 4.64% the S&P500.
The move comes after 5 months positive chart setup for the $2.37 billion company. It was reported on Nov, 22 by Barchart.com. We have $57.56 PT which if reached, will make NYSE:BIG worth $189.60M more.
Big Lots, Inc. (NYSE:BIG) Ratings Coverage
Out of 12 analysts covering Big Lots (NYSE:BIG), 4 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 33% are positive. Big Lots has been the topic of 25 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Big Lots, Inc. (NYSE:BIG) has “Underperform” rating given on Wednesday, March 16 by Credit Suisse. The rating was maintained by M Partners on Tuesday, May 31 with “Buy”. On Monday, May 23 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock has “Buy” rating given by Wedbush on Tuesday, September 1. The company was maintained on Monday, June 6 by Citigroup. The stock has “Overweight” rating given by KeyBanc Capital Markets on Thursday, October 6. The firm earned “Buy” rating on Thursday, September 1 by Citigroup. Piper Jaffray downgraded the shares of BIG in a report on Monday, December 7 to “Neutral” rating. The firm has “Neutral” rating by Northcoast given on Tuesday, August 2. The stock of Big Lots, Inc. (NYSE:BIG) earned “Buy” rating by Deutsche Bank on Wednesday, September 23.
According to Zacks Investment Research, “Consolidated Stores Corp. is one of the leading value retailers specializing in closeout merchandise and toys. The company operates stores in the U.S., Puerto Rico and Guam and conducted online sales of children’s products. Retail operations are conducted primarily under the following names: Odd Lots, Big Lots, Big Lots Furniture, Mac Frugal’s Bargains Close-outs, and Pic N Save and K B Toys, K B Toy Works, and K B Toy Outlet and KBkids.com.”
Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.03, from 0.96 in 2016Q1. The ratio dropped, as 29 funds sold all Big Lots, Inc. shares owned while 109 reduced positions. 48 funds bought stakes while 85 increased positions. They now own 54.22 million shares or 7.02% less from 58.31 million shares in 2016Q1.
Olstein Cap Mgmt L P accumulated 176,500 shares or 1.2% of the stock. Nomura Asset Mngmt Co Ltd owns 1,560 shares or 0% of their US portfolio. Bessemer Gp Inc owns 228,314 shares or 0.06% of their US portfolio. Sasco Capital Ct holds 2.77% or 2.21M shares in its portfolio. Susquehanna Gru Llp holds 89,500 shares or 0% of its portfolio. Rhumbline Advisers has invested 0.01% of its portfolio in Big Lots, Inc. (NYSE:BIG). Btim Corp holds 0.59% or 685,587 shares in its portfolio. Synovus Fincl Corporation reported 16,461 shares or 0.02% of all its holdings. Strs Ohio reported 22,500 shares or 0.01% of all its holdings. Moreover, Voya Invest Mgmt Limited Liability Com has 0.08% invested in Big Lots, Inc. (NYSE:BIG) for 642,800 shares. Schwab Charles Inv, a California-based fund reported 224,653 shares. Moreover, Morgan Stanley has 0.01% invested in Big Lots, Inc. (NYSE:BIG) for 822,652 shares. Scout reported 479,357 shares or 0.67% of all its holdings. Ftb Advisors has 226 shares for 0% of their US portfolio. Us Financial Bank De last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 11 selling transactions for $9.28 million net activity. On Monday, November 14 CAMPISI DAVID J sold $1.03M worth of the stock or 19,800 shares. On Friday, May 27 the insider Bachmann Lisa M sold $2.50 million. MALLOTT PHILIP E sold 5,000 shares worth $260,400. $623,829 worth of Big Lots, Inc. (NYSE:BIG) shares were sold by JOHNSON TIMOTHY A. SOLT RUSSELL sold $154,500 worth of stock or 3,000 shares. $754,001 worth of Big Lots, Inc. (NYSE:BIG) was sold by Schlonsky Michael Allen. $397,500 worth of Big Lots, Inc. (NYSE:BIG) was sold by Berger Jeffrey Paul.
More notable recent Big Lots, Inc. (NYSE:BIG) news were published by: Fool.com which released: “Why Big Lots Inc. Stock Soared 13% in May” on June 04, 2016, also Fool.com with their article: “Big Lots Inc. Extends Its Growth Streak as Sales Gains Slow” published on August 26, 2016, Fool.com published: “Big Lots Inc. Posts Highest Quarterly Growth Pace Since 2011” on May 27, 2016. More interesting news about Big Lots, Inc. (NYSE:BIG) were released by: Fool.com and their article: “Is Big Lots a Good Value?” published on October 08, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Genuine Parts, Dick’s Sporting Goods and Big Lots” with publication date: September 06, 2016.
BIG Company Profile
Big Lots, Inc., incorporated on March 12, 2001, is a non-traditional, discount retailer operating in the United States. The Firm operates a total of approximately 1,450 stores. The Firm operates through the discount retailing segment. 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.
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