TIAA CREF Investment Management LLC Has $5.86 Million Stake in Big Lots, Inc. (BIG)

TIAA CREF Investment Management LLC grew its position in Big Lots, Inc. (NYSE:BIG) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,401 shares of the company’s stock after purchasing an additional 32 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.27% of Big Lots worth $5,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Teachers Advisors LLC raised its holdings in shares of Big Lots by 4.2% in the 2nd quarter. Teachers Advisors LLC now owns 80,967 shares of the company’s stock valued at $3,911,000 after purchasing an additional 3,238 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of Big Lots by 78.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,696 shares of the company’s stock valued at $275,000 after buying an additional 2,496 shares during the last quarter. Martingale Asset Management L P grew its position in shares of Big Lots by 0.8% in the 2nd quarter. Martingale Asset Management L P now owns 104,433 shares of the company’s stock valued at $5,045,000 after buying an additional 801 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Big Lots by 8.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock valued at $114,175,000 after buying an additional 175,972 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Big Lots in the 2nd quarter valued at $643,000.

Big Lots, Inc. (NYSE BIG) opened at 51.44 on Monday. The firm’s 50-day moving average is $50.21 and its 200 day moving average is $49.21. The stock has a market capitalization of $2.18 billion, a P/E ratio of 13.33 and a beta of 0.96. Big Lots, Inc. has a 12 month low of $42.40 and a 12 month high of $56.54.

Big Lots (NYSE:BIG) last released its earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, beating the 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 during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts anticipate that Big Lots, Inc. will post $4.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.00 annualized dividend and a yield of 1.94%. Big Lots’s payout ratio is 26.04%.

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In other Big Lots news, CEO David J. Campisi sold 28,875 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the completion of the sale, the chief executive officer now owns 225,018 shares in the company, valued at $11,259,900.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the sale, the chief executive officer now owns 99,203 shares of the company’s stock, valued at approximately $5,257,759. The disclosure for this sale can be found here. In the last quarter, insiders have sold 171,517 shares of company stock valued at $8,906,771. 1.70% of the stock is owned by insiders.

A number of research analysts recently commented on BIG shares. BidaskClub downgraded shares of Big Lots from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Loop Capital set a $64.00 target price on shares of Big Lots and gave the company a “buy” rating in a research report on Wednesday, August 30th. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Deutsche Bank AG raised shares of Big Lots from a “hold” rating to a “buy” rating and increased their target price for the company from $55.00 to $56.00 in a research report on Tuesday, July 25th. Finally, ValuEngine raised shares of Big Lots from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Big Lots has a consensus rating of “Buy” and a consensus target price of $57.83.

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.

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

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