Today: Today, LSV Asset Management cuts position of Big Lots Inc. (BIG)

Today, LSV Asset Management cuts position of Big Lots Inc. (BIG)

LSV Asset Management cut its position in shares of Big Lots Inc. (NYSE:BIG) by 2.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,522,804 shares of the company’s stock after selling 51,800 shares during the period. LSV Asset Management owned about 0.06% of Big Lots worth $120,463,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in BIG. Renaissance Technologies LLC boosted its stake in shares of Big Lots by 86.5% in the first quarter. Renaissance Technologies LLC now owns 285,600 shares of the company’s stock worth $12,935,000 after buying an additional 132,500 shares in the last quarter. A.R.T. Advisors LLC boosted its stake in shares of Big Lots by 171.3% in the first quarter. A.R.T. Advisors LLC now owns 21,541 shares of the company’s stock worth $975,000 after buying an additional 13,600 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Big Lots by 1.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 77,574 shares of the company’s stock worth $3,513,000 after buying an additional 1,270 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Big Lots by 72.9% in the first quarter. Squarepoint Ops LLC now owns 22,789 shares of the company’s stock worth $1,033,000 after buying an additional 9,612 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Big Lots by 54.6% in the second quarter. BNP Paribas Arbitrage SA now owns 70,334 shares of the company’s stock worth $3,524,000 after buying an additional 24,839 shares in the last quarter.

Big Lots Inc. (NYSE:BIG) opened at 51.68 on Tuesday. The company has a 50 day moving average of $46.76 and a 200 day moving average of $49.33. Big Lots Inc. has a 52-week low of $33.78 and a 52-week high of $56.30. The company has a market capitalization of $2.30 billion, a PE ratio of 16.08 and a beta of 0.82.

Big Lots (NYSE:BIG) last announced its earnings results on Friday, August 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $1.20 billion for the quarter. Big Lots had a return on equity of 25.68% and a net margin of 2.96%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. On average, equities research analysts forecast that Big Lots Inc. will post $3.53 earnings per share for the current fiscal year.

BIG has been the topic of a number of research reports. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Northcoast Research cut Big Lots from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 2nd. Deutsche Bank AG restated a “hold” rating and issued a $49.00 price objective on shares of Big Lots in a research note on Tuesday, August 2nd. MKM Partners restated a “buy” rating and issued a $60.00 price objective on shares of Big Lots in a research note on Thursday, August 25th. Finally, Citigroup Inc. lowered their price objective on Big Lots from $62.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Big Lots has an average rating of “Hold” and a consensus price target of $49.72.

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