Louisiana State Employees Retirement System boosted its stake in shares of Big Lots, Inc. (NYSE:BIG) by 3.5% during the second quarter, Holdings Channel reports. The institutional investor owned 11,700 shares of the company’s stock after buying an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Big Lots were worth $565,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. LS Investment Advisors LLC increased its stake in shares of 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 buying an additional 596 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Big Lots by 4.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,257 shares of the company’s stock valued at $785,000 after buying an additional 726 shares in the last quarter. Eqis Capital Management Inc. increased its stake in shares of Big Lots by 1.8% in the second quarter. Eqis Capital Management Inc. now owns 17,406 shares of the company’s stock valued at $841,000 after buying an additional 312 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Big Lots by 37.8% in the second quarter. Meeder Asset Management Inc. now owns 21,067 shares of the company’s stock valued at $1,017,000 after buying an additional 5,782 shares in the last quarter. Finally, Somerset Trust Co increased its stake in shares of Big Lots by 0.5% in the second quarter. Somerset Trust Co now owns 11,008 shares of the company’s stock valued at $531,000 after buying an additional 54 shares in the last quarter.

Shares of Big Lots, Inc. (NYSE:BIG) traded down 2.37% during trading on Thursday, reaching $50.15. 240,970 shares of the company’s stock were exchanged. Big Lots, Inc. has a 12 month low of $42.40 and a 12 month high of $56.54. The stock has a 50-day moving average price of $48.57 and a 200 day moving average price of $49.36. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 13.62 and a beta of 0.85.

Big Lots (NYSE:BIG) last issued its earnings results on Friday, May 26th. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.16. Big Lots had a return on equity of 29.88% and a net margin of 3.20%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. Big Lots’s revenue was down 1.2% on a year-over-year basis. On average, analysts forecast that Big Lots, Inc. will post $4.20 EPS for the current year.

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Several brokerages have recently commented on BIG. BidaskClub upgraded shares of Big Lots from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Friday, July 28th. Deutsche Bank AG upgraded shares of Big Lots from a “hold” rating to a “buy” rating and increased their price target for the company from $55.00 to $56.00 in a research report on Tuesday, July 25th. Citigroup Inc. restated a “buy” rating and set a $62.00 price target (up previously from $61.00) on shares of Big Lots in a research report on Friday, June 9th. Finally, ValuEngine lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $58.00.

In other news, insider Lisa M. Bachmann sold 40,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $51.00, for a total transaction of $2,040,000.00. Following the completion of the sale, the insider now owns 48,089 shares of the company’s stock, valued at approximately $2,452,539. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David J. Campisi sold 28,875 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 225,018 shares of the company’s stock, valued at approximately $11,259,900.72. The disclosure for this sale can be found here. In the last three months, insiders sold 70,975 shares of company stock valued at $3,593,055. 1.70% of the stock is owned by insiders.

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

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