Big Lots (BIG) : Acrospire Investment Management scooped up 4,100 additional shares in Big Lots during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 6,200 shares of Big Lots which is valued at $332,940.Big Lots makes up approximately 0.24% of Acrospire Investment Management’s portfolio.
Other Hedge Funds, Including , Winslow Asset Management Inc reduced its stake in BIG by selling 5,041 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 150,727 shares of BIG which is valued at $8,094,040. Big Lots makes up approx 1.72% of Winslow Asset Management Inc’s portfolio.Msi Financial Services Inc boosted its stake in BIG in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 374 shares of Big Lots which is valued at $19,729. Americafirst Capital Management added BIG to its portfolio by purchasing 15,761 company shares during the most recent quarter which is valued at $832,496. Big Lots makes up approx 0.57% of Americafirst Capital Management’s portfolio.Foundry Partners boosted its stake in BIG in the latest quarter, The investment management firm added 1,645 additional shares and now holds a total of 8,630 shares of Big Lots which is valued at $449,968. Big Lots makes up approx 0.04% of Foundry Partners’s portfolio.
Big Lots closed down -0.42 points or -0.76% at $54.5 with 5,39,308 shares getting traded on Wednesday. Post opening the session at $54.73, the shares hit an intraday low of $54.02 and an intraday high of $55.175 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Big Lots reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 27, 2016. Analyst had a consensus of $0.70. The company had revenue of $1312.60 million for the quarter, compared to analysts expectations of $1295.09 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.
Many Wall Street Analysts have commented on Big Lots. Big Lots was Downgraded by Northcoast to ” Neutral” on Aug 2, 2016. Company shares were Reiterated by MKM Partners on May 31, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $58 .Topeka Capital Markets Initiated Big Lots on May 24, 2016 to “Hold”, Price Target of the shares are set at $42.
Big Lots Inc. is a United States-based discount retailer. As of December 31 2014 the Company through its wholly owned subsidiaries operated 1460 stores in 48 states. The Company’s Food category includes beverage and grocery candy and snacks and specialty foods. Its Consumables category includes health and beauty plastics paper chemical and pet departments. Its Soft Home category includes fashion bedding utility bedding bath window decorative textile and flooring and the Hard Home category includes small appliances table top food preparation stationery greeting card tools paint and home maintenance departments. Its Furniture & Home Decor category includes upholstery mattress case goods home decor and frames; the Seasonal category includes lawn & garden summer Christmas toys books sporting goods and other holiday and its Electronics & Accessories category includes electronics jewelry apparel hosiery and infant accessories departments.