Big Lots, Inc. on Focus After Bearish Options Activity

 Big Lots, Inc. on Focus After Bearish Options Activity

In today’s session Big Lots, Inc. (BIG) recorded an unusually high (734) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious BIG decrease. With 734 contracts traded and 244 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: BIG161216P00050000 closed last at: $2.5 or 6.4% up. The stock last traded at $51.05 per share. It is down 10.31% since April 18, 2016 and is uptrending. It has outperformed by 5.88% the S&P500.

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

Out of 12 analysts covering Big Lots (NYSE:BIG), 4 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 33% are positive. $62 is the highest target while $39 is the lowest. The $50.88 average target is -0.33% below today’s ($51.05) stock price. Big Lots has been the topic of 25 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Big Lots, Inc. (NYSE:BIG) earned “Buy” rating by Citigroup on Thursday, September 1. The rating was downgraded by Piper Jaffray on Monday, December 7 to “Neutral”. As per Tuesday, August 25, the company rating was upgraded by Zacks. The rating was initiated by Barclays Capital with “Equal-Weight” on Friday, September 23. Deutsche Bank downgraded Big Lots, Inc. (NYSE:BIG) rating on Monday, May 23. Deutsche Bank has “Hold” rating and $47 price target. The stock of Big Lots, Inc. (NYSE:BIG) earned “Buy” rating by M Partners on Monday, December 7. The rating was maintained by Telsey Advisory Group with “Market Perform” on Monday, December 7. The firm has “Buy” rating given on Monday, June 6 by Citigroup. Credit Suisse initiated the shares of BIG in a report on Wednesday, March 16 with “Underperform” rating. Deutsche Bank maintained the stock with “Buy” rating in Saturday, August 29 report.

According to Zacks Investment Research, “Consolidated Stores Corp. is one of the leading value retailers specializing in closeout merchandise and toys. The company operates stores in the U.S., Puerto Rico and Guam and conducted online sales of children’s products. Retail operations are conducted primarily under the following names: Odd Lots, Big Lots, Big Lots Furniture, Mac Frugal’s Bargains Close-outs, and Pic N Save and K B Toys, K B Toy Works, and K B Toy Outlet and KBkids.com.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.03, from 0.96 in 2016Q1. The ratio worsened, as 29 funds sold all Big Lots, Inc. shares owned while 109 reduced positions. 48 funds bought stakes while 85 increased positions. They now own 54.22 million shares or 7.02% less from 58.31 million shares in 2016Q1.
Morgan Stanley has invested 0.01% of its portfolio in Big Lots, Inc. (NYSE:BIG). Foundry Prtnrs Ltd Llc last reported 0.34% of its portfolio in the stock. Citigroup has 0% invested in the company for 23,835 shares. Balyasny Asset Ltd Company holds 10,107 shares or 0% of its portfolio. M&T Natl Bank owns 7,862 shares or 0% of their US portfolio. Mutual Of America Cap Mgmt Ltd, a New York-based fund reported 32,233 shares. Utd Capital Advisers Limited Liability Company holds 47,149 shares or 0.02% of its portfolio. Goldman Sachs Group Incorporated Inc last reported 0.01% of its portfolio in the stock. Dynamic Cap, a United Kingdom-based fund reported 102,518 shares. Rafferty Asset Mngmt Ltd Limited Liability Company holds 0.18% or 51,763 shares in its portfolio. Investec Asset Mgmt has 0.28% invested in the company for 1.09M shares. Aqr Lc holds 0.12% of its portfolio in Big Lots, Inc. (NYSE:BIG) for 1.37 million shares. Eam holds 0.38% of its portfolio in Big Lots, Inc. (NYSE:BIG) for 50,227 shares. Synovus Fincl Corporation accumulated 16,461 shares or 0.02% of the stock. Dupont Capital Mgmt accumulated 47,669 shares or 0.05% of the stock.

Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 11 selling transactions for $9.28 million net activity. 49,805 Big Lots, Inc. (NYSE:BIG) shares with value of $2.49M were sold by CAMPISI DAVID J. On Thursday, July 7 Berger Jeffrey Paul sold $375,525 worth of the stock or 7,500 shares. SOLT RUSSELL sold $154,500 worth of Big Lots, Inc. (NYSE:BIG) on Monday, November 14. Bachmann Lisa M had sold 50,000 shares worth $2.50M. Shares for $260,400 were sold by MALLOTT PHILIP E. Shares for $754,001 were sold by Schlonsky Michael Allen on Friday, July 1. On Monday, July 11 the insider Stein Andrew D sold $530,000.

Big Lots, Inc. is a non-traditional, discount retailer operating in the United States. The company has a market cap of $2.29 billion. The Firm operates through the discount retailing segment. It has a 16.04 P/E ratio.

BIG Company Profile

Big Lots, Inc., incorporated on March 12, 2001, is a non-traditional, discount retailer operating in the United States. The Firm operates a total of approximately 1,450 stores. The Firm operates through the discount retailing segment. The Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.

More notable recent Big Lots, Inc. (NYSE:BIG) news were published by: Fool.com which released: “Why Big Lots Inc. Stock Soared 13% in May” on June 04, 2016, also Fool.com with their article: “Big Lots Inc. Extends Its Growth Streak as Sales Gains Slow” published on August 26, 2016, Prnewswire.com published: “Big Lots Offers Amazing Deals This Holiday Season” on November 17, 2016. More interesting news about Big Lots, Inc. (NYSE:BIG) were released by: Fool.com and their article: “Is Big Lots a Good Value?” published on October 08, 2016 as well as Forbes.com‘s news article titled: “Big Lots Enters Oversold Territory (BIG)” with publication date: October 26, 2016.

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