Voya Investment Management LLC increased its stake in Big Lots, Inc. (NYSE:BIG) by 8.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,424,933 shares of the company’s stock after purchasing an additional 111,593 shares during the period. Voya Investment Management LLC owned 3.22% of Big Lots worth $68,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BIG. BlackRock Inc. boosted its stake in Big Lots by 3,846.5% in the 1st quarter. BlackRock Inc. now owns 6,101,011 shares of the company’s stock worth $296,996,000 after purchasing an additional 5,946,417 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Big Lots by 105.1% in the 2nd quarter. Acadian Asset Management LLC now owns 813,168 shares of the company’s stock worth $39,276,000 after purchasing an additional 416,770 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Big Lots by 206.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 547,890 shares of the company’s stock worth $26,671,000 after purchasing an additional 369,367 shares in the last quarter. Vanguard Group Inc. boosted its stake in Big Lots by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 5,474,133 shares of the company’s stock worth $266,480,000 after purchasing an additional 368,464 shares in the last quarter. Finally, Marshall Wace North America L.P. boosted its stake in Big Lots by 120.4% in the 2nd quarter. Marshall Wace North America L.P. now owns 347,046 shares of the company’s stock worth $16,658,000 after purchasing an additional 189,591 shares in the last quarter.

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A number of analysts recently commented on BIG shares. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Friday, July 28th. Citigroup Inc. reiterated a “buy” rating and issued a $62.00 target price (up from $61.00) on shares of Big Lots in a research note on Friday, June 9th. Deutsche Bank AG upgraded shares of Big Lots from a “hold” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $56.00 in a research note on Tuesday, July 25th. BidaskClub upgraded shares of Big Lots from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. set a $60.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research note on Friday, August 25th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $57.54.

Shares of Big Lots, Inc. (NYSE BIG) traded up 0.53% during mid-day trading on Thursday, reaching $53.28. 88,778 shares of the company’s stock traded hands. Big Lots, Inc. has a one year low of $42.40 and a one year high of $56.54. The firm’s 50-day moving average is $49.41 and its 200 day moving average is $48.93. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 13.81 and a beta of 0.92.

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.05. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 earnings per share. Analysts predict that Big Lots, Inc. will post $4.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, September 7th. Big Lots’s payout ratio is currently 26.04%.

In other news, insider Lisa M. Bachmann sold 40,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $51.00, for a total value of $2,040,000.00. Following the completion of the sale, the insider now directly owns 48,089 shares of the company’s stock, valued at $2,452,539. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the insider now directly owns 7,925 shares of the company’s stock, valued at $404,175. The disclosure for this sale can be found here. Insiders sold 74,577 shares of company stock valued at $3,768,951 over the last three months. Corporate 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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Institutional Ownership by Quarter for Big Lots (NYSE:BIG)

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