ING Groep NV grew its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 18.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,406 shares of the company’s stock after buying an additional 991 shares during the quarter. ING Groep NV’s holdings in Big Lots were worth $360,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its stake in Big Lots by 1.6% during the second quarter. Public Employees Retirement System of Ohio now owns 23,978 shares of the company’s stock worth $1,158,000 after buying an additional 369 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Big Lots by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock worth $144,000 after buying an additional 1,255 shares during the period. Sit Investment Associates Inc. grew its stake in Big Lots by 8.8% during the fourth quarter. Sit Investment Associates Inc. now owns 16,295 shares of the company’s stock worth $915,000 after buying an additional 1,320 shares during the period. Advisor Group Inc. grew its stake in Big Lots by 29.9% during the third quarter. Advisor Group Inc. now owns 6,300 shares of the company’s stock worth $337,000 after buying an additional 1,449 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Big Lots by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 98,893 shares of the company’s stock worth $4,777,000 after buying an additional 1,607 shares during the period.
BIG has been the subject of several research reports. KeyCorp reiterated a “buy” rating and set a $58.00 price objective on shares of Big Lots in a research note on Friday, November 10th. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Oppenheimer reiterated a “market perform” rating on shares of Big Lots in a research note on Wednesday, January 10th. Citigroup set a $69.00 price objective on shares of Big Lots and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Finally, UBS Group downgraded shares of Big Lots from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Big Lots has an average rating of “Buy” and a consensus target price of $62.40.
Big Lots (NYSE:BIG) last posted its earnings results on Friday, December 1st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company posted $0.04 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. research analysts anticipate that Big Lots, Inc. will post 4.29 EPS for the current year.
In related news, Director Jeffrey Paul Berger sold 6,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $58.00, for a total value of $348,000.00. Following the sale, the director now directly owns 7,566 shares of the company’s stock, valued at $438,828. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Timothy A. Johnson sold 20,000 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the completion of the sale, the insider now directly owns 65,649 shares in the company, valued at $3,610,695. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
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Big Lots 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.
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