Wedge Capital Management L L P NC Has $19.28 Million Stake in Big Lots, Inc. (BIG)

Wedge Capital Management L L P NC lowered its stake in shares of Big Lots, Inc. (NYSE:BIG) by 4.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 359,820 shares of the company’s stock after selling 17,211 shares during the period. Wedge Capital Management L L P NC owned approximately 0.85% of Big Lots worth $19,276,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of Big Lots by 13.6% during the 2nd quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock worth $113,000 after purchasing an additional 280 shares during the period. Whittier Trust Co. purchased a new position in shares of Big Lots during the 3rd quarter worth approximately $178,000. First Quadrant L P CA purchased a new position in shares of Big Lots during the 3rd quarter worth approximately $182,000. LS Investment Advisors LLC boosted its position in shares of Big Lots by 19.4% during the 2nd quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock worth $177,000 after purchasing an additional 596 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Big Lots by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock worth $191,000 after purchasing an additional 68 shares during the period.

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Several brokerages have commented on BIG. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, August 17th. BidaskClub cut shares of Big Lots from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Big Lots in a research report on Wednesday, September 20th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $57.83.

Big Lots, Inc. (NYSE:BIG) opened at $53.08 on Monday. The company has a quick ratio of 0.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.39. The company has a market cap of $2,253.37, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. Big Lots, Inc. has a one year low of $42.74 and a one year high of $56.54.

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, August 25th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. Big Lots’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. equities research analysts anticipate that Big Lots, Inc. will post 4.22 EPS for the current year.

In other news, CEO David J. Campisi sold 96,940 shares of Big Lots stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $53.00, for a total value of $5,137,820.00. Following the sale, the chief executive officer now owns 99,203 shares of the company’s stock, valued at $5,257,759. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Allen Schlonsky sold 2,602 shares of Big Lots stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $48.00, for a total transaction of $124,896.00. Following the completion of the sale, the insider now directly owns 34,706 shares in the company, valued at approximately $1,665,888. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,642 shares of company stock worth $5,421,866. 1.70% of the stock is currently owned by company 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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