Big Lots, Inc. (BIG) Position Decreased by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC reduced its position in shares of Big Lots, Inc. (NYSE:BIG) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,663 shares of the company’s stock after selling 16 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Big Lots were worth $384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Big Lots by 3,846.5% during the first quarter. BlackRock Inc. now owns 6,101,011 shares of the company’s stock valued at $296,996,000 after purchasing an additional 5,946,417 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Big Lots by 7.2% during the first quarter. Vanguard Group Inc. now owns 5,474,133 shares of the company’s stock valued at $266,480,000 after purchasing an additional 368,464 shares in the last quarter. State Street Corp lifted its position in shares of Big Lots by 0.8% during the first quarter. State Street Corp now owns 1,611,995 shares of the company’s stock valued at $78,474,000 after purchasing an additional 12,308 shares in the last quarter. Sasco Capital Inc. CT lifted its position in shares of Big Lots by 0.5% during the second quarter. Sasco Capital Inc. CT now owns 1,542,300 shares of the company’s stock valued at $74,493,000 after purchasing an additional 7,840 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Big Lots by 6.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,471,107 shares of the company’s stock valued at $71,614,000 after purchasing an additional 93,137 shares in the last quarter.

Big Lots, Inc. (NYSE BIG) opened at 50.02 on Friday. The stock has a 50 day moving average of $49.47 and a 200 day moving average of $49.03. Big Lots, Inc. has a 1-year low of $42.40 and a 1-year high of $56.54. The stock has a market cap of $2.12 billion, a P/E ratio of 12.97 and a beta of 0.92.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts anticipate that Big Lots, Inc. will post $4.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, September 7th. Big Lots’s dividend payout ratio (DPR) is presently 26.04%.

A number of research analysts recently weighed in on BIG shares. BidaskClub lowered shares of Big Lots from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Citigroup Inc. reissued a “buy” rating and set a $62.00 price target (up from $61.00) on shares of Big Lots in a research report on Friday, June 9th. Loop Capital set a $64.00 price objective on shares of Big Lots and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Deutsche Bank AG raised shares of Big Lots from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $55.00 to $56.00 in a research report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Big Lots has a consensus rating of “Buy” and an average price target of $57.50.

In other news, Director Russell Solt sold 2,100 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $51.50, for a total value of $108,150.00. Following the transaction, the director now owns 10,041 shares in the company, valued at approximately $517,111.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David J. Campisi sold 28,875 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the completion of the transaction, the chief executive officer now owns 225,018 shares in the company, valued at approximately $11,259,900.72. The disclosure for this sale can be found here. Insiders sold a total of 73,577 shares of company stock worth $3,717,951 in the last quarter. Company insiders own 1.70% of the company’s stock.

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About Big Lots

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

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