Big Lots, Inc. (NYSE:BIG) was the target of unusually large options trading on Thursday. Traders purchased 4,224 put options on the company. This is an increase of 1,090% compared to the typical volume of 355 put options.

Big Lots stock traded down $2.08 during mid-day trading on Friday, hitting $42.82. 990,940 shares of the company’s stock traded hands, compared to its average volume of 1,080,803. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 1.12 and a beta of 0.96. Big Lots has a fifty-two week low of $36.20 and a fifty-two week high of $64.42.

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, August 31st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.08). The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 EPS. As a group, equities analysts anticipate that Big Lots will post 4.46 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on BIG shares. ValuEngine cut shares of Big Lots from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 1st. Zacks Investment Research raised shares of Big Lots from a “strong sell” rating to a “hold” rating and set a $51.00 price target for the company in a research note on Wednesday, August 1st. TheStreet raised shares of Big Lots from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Goldman Sachs Group started coverage on shares of Big Lots in a research note on Thursday, July 19th. They set a “buy” rating and a $47.00 price target for the company. Finally, Bank of America assumed coverage on shares of Big Lots in a research note on Monday, November 5th. They set a “buy” rating and a $56.00 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Big Lots currently has an average rating of “Hold” and a consensus price target of $51.73.

In related news, EVP Lisa M. Bachmann sold 29,733 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $48.85, for a total transaction of $1,452,457.05. Following the completion of the sale, the executive vice president now directly owns 61,630 shares of the company’s stock, valued at approximately $3,010,625.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lisa M. Bachmann sold 7,517 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $48.85, for a total value of $367,205.45. Following the sale, the executive vice president now directly owns 61,630 shares of the company’s stock, valued at $3,010,625.50. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Mutual of America Capital Management LLC increased its position in Big Lots by 3.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 36,159 shares of the company’s stock worth $1,511,000 after buying an additional 1,224 shares during the period. HL Financial Services LLC increased its position in shares of Big Lots by 27.0% in the second quarter. HL Financial Services LLC now owns 6,848 shares of the company’s stock worth $286,000 after purchasing an additional 1,455 shares during the period. Winslow Asset Management Inc. increased its position in shares of Big Lots by 2.5% in the second quarter. Winslow Asset Management Inc. now owns 62,112 shares of the company’s stock worth $2,595,000 after purchasing an additional 1,520 shares during the period. Itau Unibanco Holding S.A. increased its position in shares of Big Lots by 87.4% in the second quarter. Itau Unibanco Holding S.A. now owns 3,569 shares of the company’s stock worth $149,000 after purchasing an additional 1,665 shares during the period. Finally, Guggenheim Capital LLC increased its position in shares of Big Lots by 2.9% in the first quarter. Guggenheim Capital LLC now owns 63,702 shares of the company’s stock worth $2,773,000 after purchasing an additional 1,772 shares during the period.

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About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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