Big Lots Inc (NYSE:BIG) Reports Increase in Sellers; Strong Momentum for Short Players

March 19, 2018 - By Migdalia James

 Big Lots Inc (NYSE:BIG) Reports Increase in Sellers; Strong Momentum for Short Players

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.03, from 1 in 2017Q2. It is positive, as 41 investors sold Big Lots, Inc. shares while 95 reduced holdings. 55 funds opened positions while 85 raised stakes. 51.55 million shares or 5.84% less from 54.74 million shares in 2017Q2 were reported.
The New York-based Shufro Rose Communication Lc has invested 0.21% in Big Lots, Inc. (NYSE:BIG). Great West Life Assurance Can holds 0% in Big Lots, Inc. (NYSE:BIG) or 25,853 shares. Old Mutual (Uk) Ltd stated it has 0.63% of its portfolio in Big Lots, Inc. (NYSE:BIG). Loomis Sayles & L P has 148 shares. 2,467 are owned by Kessler Gru Llc. Bnp Paribas Asset Mngmt Hldg stated it has 46,811 shares. Rothschild Asset Management holds 0.3% or 503,408 shares. 110,862 are held by Invesco Limited. Spark Mngmt Limited Company owns 42,300 shares for 0.12% of their portfolio. Synovus Fin stated it has 12,342 shares. Proshare Advsr Limited Company stated it has 6,143 shares or 0% of all its holdings. The France-based Natixis has invested 0.01% in Big Lots, Inc. (NYSE:BIG). Us National Bank De owns 5,963 shares. Bnp Paribas Arbitrage Sa, New York-based fund reported 174,085 shares. Stifel accumulated 287,398 shares.

Since September 25, 2017, it had 0 insider purchases, and 4 selling transactions for $6.64 million activity. $51,000 worth of stock was sold by Robins Ronald A Jr on Monday, September 25. $1.10 million worth of Big Lots, Inc. (NYSE:BIG) shares were sold by JOHNSON TIMOTHY A. 96,940 shares were sold by CAMPISI DAVID J, worth $5.14 million.

The stock of Big Lots Inc (NYSE:BIG) registered an increase of 6.47% in short interest. BIG’s total short interest was 11.93 million shares in March as published by FINRA. Its up 6.47% from 11.20M shares, reported previously. With 945,600 shares average volume, it will take short sellers 13 days to cover their BIG’s short positions. The short interest to Big Lots Inc’s float is 28.61%.

The stock increased 0.92% or $0.43 during the last trading session, reaching $46.92. About 1.91M shares traded or 45.32% up from the average. Big Lots, Inc. (NYSE:BIG) has risen 10.65% since March 19, 2017 and is uptrending. It has underperformed by 6.05% the S&P500.

Big Lots, Inc., through its subsidiaries, operates as a non-traditional, discount retailer in the United States. The company has market cap of $1.97 billion. The firm offers products under various merchandising categories, such as food category that includes beverage and grocery, candy and snacks, and specialty foods departments; consumables category, which comprises health and beauty, plastics, paper, chemical, and pet departments; soft home category that consists of home décor, frames, fashion bedding, utility bedding, bath, window, decorative textile, and area rugs departments; hard home category, including small appliances, table top, food preparation, stationery, greeting cards, and home maintenance departments; and furniture category consisting of upholstery, mattress, ready-to-assemble, and case goods departments. It has a 10.71 P/E ratio. It also provides merchandise under the seasonal category that includes lawn and garden, summer, Christmas, and other holiday departments; and electronics, toys, and accessories category, including electronics, jewelry, hosiery, toys, and infant accessories departments.

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

Among 17 analysts covering Big Lots (NYSE:BIG), 7 have Buy rating, 1 Sell and 9 Hold. Therefore 41% are positive. Big Lots had 50 analyst reports since August 11, 2015 according to SRatingsIntel. Citigroup maintained Big Lots, Inc. (NYSE:BIG) on Friday, June 9 with “Buy” rating. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, October 6 report. Telsey Advisory Group maintained it with “Market Perform” rating and $54.0 target in Friday, August 28 report. The rating was maintained by Telsey Advisory Group with “Market Perform” on Monday, December 4. Loop Capital maintained the stock with “Buy” rating in Monday, March 12 report. The rating was maintained by KeyBanc Capital Markets on Tuesday, October 3 with “Buy”. Piper Jaffray maintained Big Lots, Inc. (NYSE:BIG) on Friday, December 1 with “Hold” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, March 9. The firm has “Neutral” rating by Citigroup given on Tuesday, March 13. The firm has “Neutral” rating given on Friday, February 10 by Susquehanna.

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