Capital Fund Management S.A. Has $4.501 Million Position in Big Lots, Inc. (BIG)

Capital Fund Management S.A. reduced its position in shares of Big Lots, Inc. (NYSE:BIG) by 60.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 92,467 shares of the company’s stock after selling 140,768 shares during the period. Capital Fund Management S.A. owned about 0.21% of Big Lots worth $4,501,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in Big Lots by 10.7% in the first quarter. Wells Fargo & Company MN now owns 2,187,917 shares of the company’s stock worth $106,508,000 after buying an additional 211,842 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Big Lots by 6.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,779,471 shares of the company’s stock worth $84,970,000 after buying an additional 114,424 shares in the last quarter. State Street Corp boosted its position in Big Lots by 1.7% in the fourth quarter. State Street Corp now owns 1,599,687 shares of the company’s stock worth $80,316,000 after buying an additional 26,495 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Big Lots by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,377,970 shares of the company’s stock worth $69,189,000 after buying an additional 16,256 shares in the last quarter. Finally, Investec Asset Management LTD boosted its position in Big Lots by 2.3% in the fourth quarter. Investec Asset Management LTD now owns 1,103,878 shares of the company’s stock worth $55,426,000 after buying an additional 24,480 shares in the last quarter.

Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, March 3rd. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.04. Big Lots had a return on equity of 27.08% and a net margin of 3.02%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period last year, the company earned $2.00 EPS. Big Lots’s revenue for the quarter was down .3% compared to the same quarter last year.

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BIG has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Monday, May 8th. Susquehanna Bancshares Inc initiated coverage on Big Lots in a research report on Friday, February 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Raymond James Financial, Inc. upgraded Big Lots from a “market perform” rating to a “strong-buy” rating and set a $60.00 target price on the stock in a research report on Wednesday, April 26th. Loop Capital reiterated a “buy” rating and issued a $64.00 target price on shares of Big Lots in a research report on Monday, March 6th. Finally, Griffin Securities reiterated a “buy” rating on shares of Big Lots in a research report on Friday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $55.83.

In other Big Lots news, insider Ronald A. Robins, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $51.41, for a total value of $51,410.00. Following the completion of the sale, the insider now owns 4,471 shares in the company, valued at approximately $229,854.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lisa M. Bachmann sold 9,538 shares of the stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $51.09, for a total value of $487,296.42. Following the completion of the sale, the insider now owns 45,920 shares of the company’s stock, valued at approximately $2,346,052.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,846 shares of company stock worth $1,947,301. 1.60% of the stock is owned by corporate insiders.

Big Lots Company Profile

Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, 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.

5 Day Chart for NYSE:BIG

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