Live Ownership Coverage: Big Lots Inc (NYSE:BIG) Institutional Investors Q2 2016 Sentiment

November 30, 2016 - By Richard Conner   ·   0 Comments

Live Ownership Coverage: Big Lots Inc (NYSE:BIG) Institutional Investors  Q2 2016 Sentiment

Sentiment for Big Lots Inc (NYSE:BIG)

Big Lots Inc (NYSE:BIG) institutional sentiment decreased to 0.93 in Q2 2016. Its down -0.03, from 0.96 in 2016Q1. The ratio has dropped, as 133 funds increased and opened new positions, while 138 sold and reduced equity positions in Big Lots Inc. The funds in our partner’s database reported: 54.22 million shares, down from 58.31 million shares in 2016Q1. Also, the number of funds holding Big Lots Inc in their top 10 positions decreased from 5 to 4 for a decrease of 1. Sold All: 29 Reduced: 109 Increased: 85 New Position: 48.

Big Lots, Inc. is a non-traditional, discount retailer operating in the United States. The company has a market cap of $2.26 billion. The Firm operates through the discount retailing segment. It has a 15.9 P/E ratio.

About 509,598 shares traded hands. Big Lots, Inc. (NYSE:BIG) has risen 9.96% since April 27, 2016 and is uptrending. It has outperformed by 4.73% the S&P500.

Analysts await Big Lots, Inc. (NYSE:BIG) to report earnings on December, 2 before the open. They expect $-0.02 earnings per share, down 100.00% or $0.01 from last year’s $-0.01 per share. After $0.52 actual earnings per share reported by Big Lots, Inc. for the previous quarter, Wall Street now forecasts -103.85% negative EPS growth.

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.”

Westport Asset Management Inc holds 12.9% of its portfolio in Big Lots, Inc. for 278,882 shares. Sasco Capital Inc Ct owns 2.21 million shares or 2.77% of their US portfolio. Moreover, Westport Advisers Llc has 2.5% invested in the company for 270,700 shares. The New York-based Euclidean Technologies Management Llc has invested 2.3% in the stock. Endurance Wealth Management Inc., a Rhode Island-based fund reported 219,590 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 10 insider sales for $5.54 million net activity.

Big Lots, Inc. (NYSE:BIG) Ratings Coverage

Ratings analysis reveals 33% of Big Lots’s analysts are positive. Out of 12 Wall Street analysts rating Big Lots, 4 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $39 while the high is $62. The stock’s average target of $50.88 is 0.55% above today’s ($50.6) share price. BIG was included in 25 notes of analysts from August 11, 2015. As per Friday, September 25, the company rating was initiated by Citigroup. Credit Suisse initiated Big Lots, Inc. (NYSE:BIG) on Wednesday, March 16 with “Underperform” rating. Wedbush maintained Big Lots, Inc. (NYSE:BIG) on Wednesday, August 26 with “Buy” rating. Deutsche Bank maintained Big Lots, Inc. (NYSE:BIG) rating on Saturday, August 29. Deutsche Bank has “Buy” rating and $54 price target. The rating was maintained by Citigroup on Monday, June 6 with “Buy”. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, August 28. Wedbush maintained the shares of BIG in a report on Tuesday, September 1 with “Buy” rating. The company was initiated on Friday, September 23 by Barclays Capital. As per Tuesday, August 2, the company rating was downgraded by Northcoast. The stock of Big Lots, Inc. (NYSE:BIG) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, October 6.

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.

More notable recent Big Lots, Inc. (NYSE:BIG) news were published by: Benzinga.com which released: “Analyst Expects Solid Q3 Results From Big Lots Despite Seasonal Challenges” on November 30, 2016, also Wsj.com with their article: “Big Lots Posts Revenue Decline But Raises Forecast” published on August 26, 2016, Fool.com published: “Why Big Lots Inc. Stock Soared 13% in May” on June 04, 2016. More interesting news about Big Lots, Inc. (NYSE:BIG) were released by: Forbes.com and their article: “Big Lots Enters Oversold Territory (BIG)” published on October 26, 2016 as well as Fool.com‘s news article titled: “Is Big Lots a Good Value?” with publication date: October 08, 2016.

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By Richard Conner

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