Ameritas Investment Partners Inc. held its position in shares of Big Lots, Inc. (NYSE:BIG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,485 shares of the company’s stock at the close of the second quarter. Ameritas Investment Partners Inc. owned approximately 0.07% of Big Lots worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BIG. Credit Agricole S A lifted its position in Big Lots by 420.4% during the first quarter. Credit Agricole S A now owns 12,120 shares of the company’s stock worth $590,000 after buying an additional 9,791 shares during the period. United Services Automobile Association lifted its position in Big Lots by 20.7% during the first quarter. United Services Automobile Association now owns 9,420 shares of the company’s stock worth $459,000 after buying an additional 1,615 shares during the period. OppenheimerFunds Inc. lifted its position in Big Lots by 34.7% during the first quarter. OppenheimerFunds Inc. now owns 26,784 shares of the company’s stock worth $1,304,000 after buying an additional 6,901 shares during the period. Principal Financial Group Inc. lifted its position in Big Lots by 2.7% during the first quarter. Principal Financial Group Inc. now owns 219,508 shares of the company’s stock worth $10,686,000 after buying an additional 5,732 shares during the period. Finally, Wellington Management Group LLP lifted its position in Big Lots by 78.1% during the first quarter. Wellington Management Group LLP now owns 102,423 shares of the company’s stock worth $4,986,000 after buying an additional 44,915 shares during the period.

A number of research firms have recently commented on BIG. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $59.00 price objective 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 price objective on Big Lots and gave the stock 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 raised their price objective for the stock from $55.00 to $56.00 in a report on Tuesday, July 25th. Finally, Loop Capital set a $64.00 price objective on Big Lots and gave the stock 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 given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $57.83.

Big Lots, Inc. (BIG) traded down 0.04% during midday trading on Monday, hitting $51.42. The stock had a trading volume of 39,983 shares. The stock has a market cap 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. The company’s 50-day moving average price is $50.21 and its 200 day moving average price is $49.21.

Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that Big Lots, Inc. will post $4.24 earnings per share for the current fiscal year.

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

COPYRIGHT VIOLATION WARNING: “Big Lots, Inc. (BIG) Position Held by Ameritas Investment Partners Inc.” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/10/16/big-lots-inc-big-position-held-by-ameritas-investment-partners-inc.html.

In other Big Lots news, CEO David J. Campisi sold 28,875 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $50.04, for a total value of $1,444,905.00. Following the completion of the sale, the chief executive officer now owns 225,018 shares of the company’s stock, valued at $11,259,900.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was 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 of the company’s stock, valued at approximately $5,257,759. The disclosure for this sale can be found here. Insiders sold 171,517 shares of company stock valued at $8,906,771 in the last ninety days. Insiders own 1.70% of the company’s stock.

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.

Want to see what other hedge funds are holding BIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Big Lots, Inc. (NYSE:BIG).

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

Receive News & Ratings for Big Lots Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots Inc. and related companies with MarketBeat.com's FREE daily email newsletter.