Robeco Institutional Asset Management B.V. bought a new stake in Big Lots, Inc. (NYSE:BIG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,825 shares of the company’s stock, valued at approximately $1,598,000. Robeco Institutional Asset Management B.V. owned about 0.07% of Big Lots at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc boosted its holdings in Big Lots by 13.6% in the second quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock valued at $113,000 after acquiring an additional 280 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in Big Lots by 19.4% in the second quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock valued at $177,000 after acquiring an additional 596 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Big Lots by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock valued at $191,000 after acquiring an additional 68 shares during the last quarter. BKS Advisors LLC acquired a new position in Big Lots in the second quarter valued at $203,000. Finally, WASHINGTON TRUST Co acquired a new position in Big Lots in the second quarter valued at $205,000.
In related news, CEO David J. Campisi sold 96,940 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the sale, the chief executive officer now directly owns 99,203 shares in the company, valued at $5,257,759. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the sale, the insider now owns 7,925 shares of the company’s stock, valued at $404,175. The disclosure for this sale can be found here. Insiders sold 142,642 shares of company stock valued at $7,461,866 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, October 10th. BidaskClub upgraded Big Lots from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Piper Jaffray Companies set a $52.00 target price on Big Lots and gave the company a “hold” rating in a report on Sunday, October 1st. Deutsche Bank AG upgraded Big Lots from a “hold” rating to a “buy” rating and lifted their target price for the company from $55.00 to $56.00 in a report on Tuesday, July 25th. Finally, Loop Capital set a $64.00 target price on Big Lots and gave the company a “buy” rating in a report on Wednesday, August 30th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $57.83.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. Big Lots’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share.
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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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