Capital Investment Advisory Services LLC bought a new position in shares of Big Lots, Inc. (NYSE:BIG – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,355 shares of the company’s stock, valued at approximately $168,000. Capital Investment Advisory Services LLC owned approximately 0.05% of Big Lots at the end of the most recent quarter.
A number of other large investors have also modified their holdings of BIG. Arrowstreet Capital Limited Partnership increased its stake in Big Lots by 244.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 589,754 shares of the company’s stock valued at $8,669,000 after purchasing an additional 418,436 shares in the last quarter. UBS Group AG increased its stake in Big Lots by 104.7% in the 2nd quarter. UBS Group AG now owns 16,181 shares of the company’s stock valued at $339,000 after purchasing an additional 359,621 shares in the last quarter. Northern Trust Corp increased its stake in Big Lots by 27.0% in the 1st quarter. Northern Trust Corp now owns 693,965 shares of the company’s stock valued at $24,011,000 after purchasing an additional 147,644 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Big Lots by 7.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,923,315 shares of the company’s stock valued at $66,552,000 after purchasing an additional 126,412 shares in the last quarter. Finally, Clifford Capital Partners LLC increased its stake in Big Lots by 26.2% in the 4th quarter. Clifford Capital Partners LLC now owns 595,077 shares of the company’s stock valued at $8,748,000 after purchasing an additional 123,450 shares in the last quarter.
Big Lots Price Performance
BIG stock opened at $9.36 on Friday. Big Lots, Inc. has a 52-week low of $4.78 and a 52-week high of $29.25. The stock’s fifty day simple moving average is $7.85 and its 200-day simple moving average is $11.89. The company has a quick ratio of 0.17, a current ratio of 1.47 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $273.12 million, a price-to-earnings ratio of -0.67 and a beta of 2.16.
Insider Activity at Big Lots
In other news, CEO Bruce K. Thorn bought 51,000 shares of Big Lots stock in a transaction that occurred on Wednesday, May 31st. The shares were purchased at an average price of $4.85 per share, for a total transaction of $247,350.00. Following the completion of the acquisition, the chief executive officer now owns 670,042 shares of the company’s stock, valued at $3,249,703.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Ronald A. Robins, Jr. acquired 10,000 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were bought at an average cost of $5.00 per share, with a total value of $50,000.00. Following the completion of the transaction, the executive vice president now directly owns 169,897 shares of the company’s stock, valued at approximately $849,485. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bruce K. Thorn acquired 51,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $4.85 per share, for a total transaction of $247,350.00. Following the completion of the transaction, the chief executive officer now directly owns 670,042 shares of the company’s stock, valued at $3,249,703.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 64,000 shares of company stock worth $312,260. 3.00% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. StockNews.com downgraded Big Lots from a “hold” rating to a “sell” rating in a research report on Monday, May 29th. Loop Capital dropped their price target on Big Lots from $14.00 to $6.00 in a research report on Tuesday, May 30th. Piper Sandler downgraded Big Lots from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $12.00 to $7.00 in a research report on Friday, April 21st. Deutsche Bank Aktiengesellschaft dropped their price target on Big Lots from $8.00 to $6.00 in a research report on Tuesday, May 30th. Finally, The Goldman Sachs Group dropped their price target on Big Lots from $14.00 to $5.00 in a research report on Wednesday, May 31st. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, Big Lots has an average rating of “Reduce” and an average target price of $8.86.
Big Lots Company Profile
Big Lots, Inc, through its subsidiaries, operates as a home discount retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattresses, case goods, and ready-to-assemble departments; seasonal category, which comprises patio furniture, gazebos, Christmas trim, and other holiday departments; soft home category that consists of home décor, frames, fashion and utility bedding, bath, window, decorative textile, and area rugs departments; and food category that includes beverage and grocery, specialty foods, and pet departments.
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