Olstein Capital Management L.P. reduced its stake in shares of Big Lots Inc. (NYSE:BIG) by 31.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,370 shares of the company’s stock after selling 56,130 shares during the period. Olstein Capital Management L.P.’s holdings in Big Lots were worth $5,748,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in shares of Big Lots by 472.4% in the second quarter. Acadian Asset Management LLC now owns 1,767,743 shares of the company’s stock valued at $88,582,000 after buying an additional 1,458,925 shares during the period. Emerald Acquisition Ltd. acquired a new position in Big Lots during the second quarter valued at $40,502,000. Copper Rock Capital Partners LLC acquired a new position in Big Lots during the third quarter valued at $24,782,000. Bank of Montreal Can acquired a new position in Big Lots during the second quarter valued at $22,950,000. Finally, AJO LP increased its position in Big Lots by 36.0% in the second quarter. AJO LP now owns 1,701,741 shares of the company’s stock valued at $85,274,000 after buying an additional 450,417 shares in the last quarter.

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

Shares of Big Lots Inc. (NYSE:BIG) traded up 0.06% on Tuesday, hitting $51.71. 727,877 shares of the company were exchanged. Big Lots Inc. has a 52-week low of $33.78 and a 52-week high of $56.30. The firm has a market cap of $2.30 billion, a P/E ratio of 16.09 and a beta of 0.82. The company has a 50-day moving average price of $46.76 and a 200 day moving average price of $49.33.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, August 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.06. Big Lots had a net margin of 2.96% and a return on equity of 25.68%. The company had revenue of $1.20 billion for the quarter. During the same period in the prior year, the business earned $0.40 earnings per share. Big Lots’s revenue for the quarter was down .5% on a year-over-year basis. Analysts predict that Big Lots Inc. will post $3.53 EPS for the current fiscal year.

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Several equities analysts have recently weighed in on BIG shares. Zacks Investment Research downgraded shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. Barclays PLC started coverage on shares of Big Lots in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $51.00 price target on the stock. KeyCorp decreased their price target on shares of Big Lots from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, October 6th. Citigroup Inc. decreased their price target on shares of Big Lots from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, September 1st. Finally, MKM Partners reissued a “buy” rating and issued a $60.00 price target on shares of Big Lots in a research note on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Big Lots currently has a consensus rating of “Hold” and an average target price of $49.72.

Big Lots Company Profile

5 Day Chart for NYSE:BIG

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