Big Lots Inc (BIG): David J Campisi , CEO & President of Big Lots Inc sold 49,805 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $50.05 per share for a total value of $2,492,740.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 31, 2016, Lisa M Bachmann (Executive Vice President) sold 50,000 shares at $50.05 per share price.On Mar 14, 2016, Andrew D Stein (Senior Vice President) sold 2,569 shares at $45.67 per share price.Also, On Mar 14, 2016, Timothy A Johnson (Executive Vice President) sold 5,539 shares at $45.67 per share price.On Mar 14, 2016, Michael Allen Schlonsky (Executive Vice President) sold 3,450 shares at $45.67 per share price.
Big Lots: On Friday, May 27, 2016 heightened volatility was witnessed in Big Lots which led to swings in the share price. The shares opened for trading at $50 and hit $51.07 on the upside , eventually ending the session at $50.95, with a gain of 14.08% or 6.29 points. The heightened volatility saw the trading volume jump to 73,04,679 shares. The 52-week high of the share price is $51.07 and the company has a market cap of $2,531 M . The 52-week low of the share price is at $33.78.
Company has been under the radar of several Street Analysts.Big Lots is Reiterated by MKM Partners to Buy and the brokerage firm has raised the Price Target to $ 60 from a previous price target of $58 .The Rating was issued on May 31, 2016.Big Lots is Initiated by Topeka Capital Markets to Hold and the brokerage firm has set the Price Target at $42. The Rating was issued on May 24, 2016.Big Lots is Downgraded by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 47 from a previous price target of $49 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 23, 2016.Big Lots is Initiated by Credit Suisse to Underperform. The Rating was issued on Mar 16, 2016.
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.