APG Asset Management N.V. Takes $11.52 Million Position in Big Lots, Inc. (BIG)
APG Asset Management N.V. purchased a new position in Big Lots, Inc. (NYSE:BIG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 215,100 shares of the company’s stock, valued at approximately $11,523,000. APG Asset Management N.V. owned 0.51% of Big Lots at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in shares of Big Lots by 8.0% in the second 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 in the last quarter. State Street Corp lifted its stake in shares of Big Lots by 0.8% in the first quarter. State Street Corp now owns 1,611,995 shares of the company’s stock valued at $78,474,000 after buying an additional 12,308 shares in the last quarter. Capital One National Association lifted its stake in shares of Big Lots by 5.3% in the second quarter. Capital One National Association now owns 43,119 shares of the company’s stock valued at $2,083,000 after buying an additional 2,159 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Big Lots by 3,846.5% in the first quarter. BlackRock Inc. now owns 6,101,011 shares of the company’s stock valued at $296,996,000 after buying an additional 5,946,417 shares in the last quarter. Finally, LSV Asset Management lifted its stake in shares of Big Lots by 1.5% in the second quarter. LSV Asset Management now owns 2,240,023 shares of the company’s stock valued at $108,193,000 after buying an additional 32,600 shares in the last quarter.
A number of research analysts have weighed in on BIG shares. Oppenheimer Holdings, Inc. set a $60.00 price objective on shares of Big Lots and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. ValuEngine raised shares of Big Lots from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. KeyCorp reaffirmed a “buy” rating on shares of Big Lots in a research note on Friday, September 1st. Finally, BidaskClub raised shares of Big Lots from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.83.
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Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis.
In other news, insider Ronald A. Robins, Jr. sold 1,000 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the transaction, the insider now owns 7,925 shares in the company, valued at approximately $404,175. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David J. Campisi sold 96,940 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the completion of the transaction, the chief executive officer now owns 99,203 shares in the company, valued at approximately $5,257,759. The disclosure for this sale can be found here. Insiders sold a total of 142,642 shares of company stock worth $7,461,866 in the last quarter. Company insiders own 1.70% of the company’s stock.
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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