Big Lots (BIG) : New Amsterdam Partnersny reduced its stake in Big Lots by 77.17% during the most recent quarter end. The investment management company now holds a total of 89,046 shares of Big Lots which is valued at $4,672,244 after selling 301,017 shares in Big Lots , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Big Lots makes up approximately 1.09% of New Amsterdam Partnersny’s portfolio.
Other Hedge Funds, Including , Bank Of Hawaii added BIG to its portfolio by purchasing 7,000 company shares during the most recent quarter which is valued at $367,290. Big Lots makes up approx 0.04% of Bank Of Hawaii’s portfolio.Wedge Capital Management L L Pnc reduced its stake in BIG by selling 9,518 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 338,152 shares of BIG which is valued at $17,982,923. Big Lots makes up approx 0.20% of Wedge Capital Management L L Pnc’s portfolio.First Citizens Bank Trust Co reduced its stake in BIG by selling 4,004 shares or 39.43% in the most recent quarter. The Hedge Fund company now holds 6,150 shares of BIG which is valued at $327,057. Big Lots makes up approx 0.03% of First Citizens Bank Trust Co’s portfolio.Emerald Advisers Incpa reduced its stake in BIG by selling 275 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 13,277 shares of BIG which is valued at $706,071. Big Lots makes up approx 0.03% of Emerald Advisers Incpa’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in BIG in the latest quarter, The investment management firm added 24,839 additional shares and now holds a total of 70,334 shares of Big Lots which is valued at $3,594,067. Big Lots makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.
Big Lots opened for trading at $52.4 and hit $53.16 on the upside on Thursday, eventually ending the session at $52.57, with a gain of 0.19% or 0.1 points. The heightened volatility saw the trading volume jump to 5,90,073 shares. Company has a market cap of $2,333 M.
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.