Big Lots, Inc. (BIG): The Stock the Top Fund Managers Love

Big Lots, Inc. (NYSE:BIG) reached 19.61% versus a 1-year low price of $26.21. The stock was last seen 2.62% higher, reaching at $31.35 on 01/11/2019. At recent session, the prices were hovering between $30.47 and $31.73. This company shares are 20.41% off its target price of $37.75 and the current market capitalization stands at $1.25B. The recent change has given its price a -14.03% deficit over SMA 50 and -51.33% deficit over its 52-week high. The stock witnessed 4.71% gains, -26.8% declines and -23.87% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BIG’s volatility during a week at 4.54% and during a month it has been found around 4.19%.

Big Lots, Inc. (BIG) Top Holders

Institutional investors currently hold around $1.45 billion or 0% in BIG stock. Look at its top three institutional owners. Blackrock Inc. owns $149.97 million in Big Lots, Inc., which represents roughly 12% of the company’s market cap and approximately 10.32% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 3,733,866 shares of the stock are valued at $117.06 million. The third largest holder is Lsv Asset Management, which currently holds $80.45 million worth of this stock and that ownership represents nearly 6.44% of its market capitalization.

Big Lots, Inc. 13F Filings

At the end of September reporting period, 127 institutional holders increased their position in Big Lots, Inc. (NYSE:BIG) by some 6,696,433 shares, 157 decreased positions by 8,217,090 and 44 held positions by 31,448,200. That puts total institutional holdings at 46,361,723 shares, according to SEC filings. The stock grabbed 49 new institutional investments totaling 2,482,910 shares while 39 institutional investors sold out their entire positions totaling 2,719,874 shares.

Big Lots, Inc. (NYSE:BIG) Insider Trades

Multiple company employees have indulged in significant insider trading. Big Lots, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO & President Thorn Bruce K has acquired 8,500 shares of Big Lots, Inc. (BIG) in trading session dated Dec. 14, 2018. These shares are worth $250,410 and were traded at $29.46 each. The SEC filing shows that Bachmann Lisa M performed a sale of 40,000 shares. The Executive Vice President disposed these shares by way of transaction on Aug. 22, 2018. The company’s shares were given away at $48.85 per share worth to an income of some $1,954,000 on account of Bachmann Lisa M.

Senior Vice President, Robins Ronald A Jr, sold 5,000 common shares of Big Lots, Inc. (BIG) in the open market. In a transaction dated Aug. 03, 2018, the shares were put up for sale at an average price of $46, raking in a sum of $230,000. After this sale, 14,545 common shares of BIG are directly owned by the insider, with total stake valued at $455,986.

In the transaction dated Aug. 02, 2018, the great number of shares disposed came courtesy the Executive Vice President; Schlonsky Michael Allen disposed a total of 6,000 shares at an average price of $45, amounting to approximately $270,000. The insider now directly owns 40,884 shares worth $1,281,713.

Big Lots, Inc. (BIG) Analyst Guide

Several analysts have released their opinion on Big Lots, Inc. (NYSE:BIG), with 3 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.25 average brokerage recommendation.