BlackRock Inc. boosted its position in Big Lots, Inc. (NYSE:BIG) by 3,846.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,101,011 shares of the company’s stock after buying an additional 5,946,417 shares during the period. BlackRock Inc. owned approximately 13.62% of Big Lots worth $296,996,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in shares of Big Lots by 1.7% in the fourth quarter. State Street Corp now owns 1,599,687 shares of the company’s stock worth $80,316,000 after buying an additional 26,495 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Big Lots by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,591 shares of the company’s stock worth $331,000 after buying an additional 27 shares during the last quarter. Marshall Wace LLP bought a new position in Big Lots during the fourth quarter worth approximately $244,000. Credit Agricole S A bought a new position in Big Lots during the fourth quarter worth approximately $117,000. Finally, Guggenheim Capital LLC raised its position in Big Lots by 60.3% in the fourth quarter. Guggenheim Capital LLC now owns 89,222 shares of the company’s stock worth $4,480,000 after buying an additional 33,555 shares during the last quarter.

Shares of Big Lots, Inc. (NYSE BIG) traded up 0.68% during trading on Thursday, reaching $50.47. 584,840 shares of the company were exchanged. The company’s 50-day moving average is $48.19 and its 200 day moving average is $49.30. The firm has a market capitalization of $2.23 billion, a PE ratio of 13.71 and a beta of 0.85. Big Lots, Inc. has a 1-year low of $42.40 and a 1-year high of $56.54.

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

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Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Friday, July 28th. BidaskClub downgraded Big Lots from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Loop Capital restated a “buy” rating and set a $64.00 price target on shares of Big Lots in a research report on Tuesday, May 30th. Oppenheimer Holdings, Inc. set a $60.00 price objective on Big Lots and gave the stock a “buy” rating in a report on Saturday, May 27th. Finally, ValuEngine downgraded Big Lots from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $58.00.

In other news, CEO David J. Campisi sold 28,875 shares of the company’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 transaction, the chief executive officer now owns 225,018 shares in the company, valued at approximately $11,259,900.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

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.

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

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