Big Lots, Inc. Unusual Bearish Options Activity Means Higher Risks

 Big Lots, Inc. Unusual Bearish Options Activity Means Higher Risks

In today’s session Big Lots, Inc. (BIG) recorded an unusually high (309) 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 309 contracts traded and 8714 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: BIG161216P00052500 closed last at: $3.2 or 12.3% up. About 86,743 shares traded hands. Big Lots, Inc. (NYSE:BIG) has risen 9.96% since April 27, 2016 and is uptrending. It has outperformed by 4.73% the S&P500.

Analysts await Big Lots, Inc. (NYSE:BIG) to report earnings on December, 2 before the open. They expect $-0.02 EPS, down 100.00% or $0.01 from last year’s $-0.01 per share. After $0.52 actual EPS reported by Big Lots, Inc. for the previous quarter, Wall Street now forecasts -103.85% negative EPS growth.

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 -0.99% below today’s ($51.39) stock price. Big Lots has been the topic of 25 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Oppenheimer initiated the stock with “Outperform” rating in Friday, June 3 report. The firm has “Buy” rating by Deutsche Bank given on Saturday, August 29. The firm has “Market Perform” rating by Telsey Advisory Group given on Monday, December 7. As per Wednesday, September 23, the company rating was maintained by Deutsche Bank. The firm has “Hold” rating given on Tuesday, May 24 by Topeka Capital Markets. Barclays Capital initiated the stock with “Equal-Weight” rating in Friday, September 23 report. The rating was initiated by Citigroup with “Buy” on Friday, September 25. The stock of Big Lots, Inc. (NYSE:BIG) has “Sell” rating given on Tuesday, August 25 by Zacks. Zacks upgraded the stock to “Sell” rating in Tuesday, August 11 report. M Partners maintained the shares of BIG in a report on Monday, December 7 with “Buy” rating.

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 dropped, 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.
Counsel Portfolio Svcs holds 11,362 shares or 0.06% of its portfolio. Hancock Holdings owns 16,585 shares or 0.03% of their US portfolio. The New York-based Secor Cap Advisors Limited Partnership has invested 0.17% in Big Lots, Inc. (NYSE:BIG). Kistler owns 8 shares or 0% of their US portfolio. Kanaly has 179 shares for 0% of their US portfolio. The New York-based Investec Asset Mgmt North America has invested 0.13% in Big Lots, Inc. (NYSE:BIG). Raymond James Assoc accumulated 0% or 20,834 shares. Hbk L P owns 183,028 shares or 0.07% of their US portfolio. Dimensional Fund Limited Partnership has 0.04% invested in the company for 1.35 million shares. Advance Capital I last reported 4,300 shares in the company. Trexquant L P accumulated 28,100 shares or 0.19% of the stock. Sasco Cap Inc Ct owns 2.21M shares or 2.77% of their US portfolio. The United Kingdom-based Legal And General Group Inc Public Limited has invested 0% in Big Lots, Inc. (NYSE:BIG). Fin Gru Inc, a Ohio-based fund reported 4,201 shares. Shelton Capital Mgmt accumulated 0.02% or 5,120 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 10 insider sales for $5.54 million net activity. $260,400 worth of shares were sold by MALLOTT PHILIP E on Tuesday, May 31. $1.26M worth of Big Lots, Inc. (NYSE:BIG) was sold by CAMPISI DAVID J on Tuesday, November 22. Berger Jeffrey Paul had sold 7,500 shares worth $397,500. The insider JOHNSON TIMOTHY A sold 12,262 shares worth $623,829. 15,000 Big Lots, Inc. (NYSE:BIG) shares with value of $754,001 were sold by Schlonsky Michael Allen. $530,000 worth of Big Lots, Inc. (NYSE:BIG) was sold by Stein Andrew D. SOLT RUSSELL had sold 3,000 shares worth $156,300 on Monday, July 11.

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 16.15 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: Wsj.com which released: “Big Lots Posts Revenue Decline But Raises Forecast” on August 26, 2016, also Fool.com with their article: “Why Big Lots Inc. Stock Soared 13% in May” published on June 04, 2016, Forbes.com published: “Big Lots Enters Oversold Territory (BIG)” on October 26, 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: “Ex-Dividend Reminder: Genuine Parts, Dick’s Sporting Goods and Big Lots” with publication date: September 06, 2016.

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