Schwab Charles Investment Management Inc. raised its holdings in Big Lots, Inc. (NYSE:BIG) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,919 shares of the company’s stock after purchasing an additional 5,773 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.80% of Big Lots worth $18,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Wells Fargo & Company MN grew its stake in Big Lots by 4.2% in the 3rd quarter. Wells Fargo & Company MN now owns 2,462,092 shares of the company’s stock valued at $131,894,000 after purchasing an additional 98,203 shares during the period. LSV Asset Management lifted its position in shares of Big Lots by 1.5% during the 2nd 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 during the last quarter. State Street Corp lifted its position in shares of Big Lots by 1.8% during the 2nd quarter. State Street Corp now owns 1,640,504 shares of the company’s stock valued at $79,233,000 after buying an additional 28,509 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Big Lots by 8.5% during the 2nd quarter. Voya Investment Management LLC now owns 1,424,933 shares of the company’s stock valued at $68,824,000 after buying an additional 111,593 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. lifted its position in shares of Big Lots by 37.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock valued at $60,100,000 after buying an additional 303,207 shares during the last quarter.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Citigroup set a $69.00 price target on Big Lots and gave the company a “buy” rating in a research report on Tuesday, December 5th. Telsey Advisory Group upped their price target on Big Lots from $56.00 to $59.00 and gave the company a “market perform” rating in a research report on Monday, December 4th. Raymond James Financial reaffirmed a “buy” rating and set a $67.00 price target on shares of Big Lots in a research report on Saturday, December 2nd. Finally, KeyCorp reaffirmed a “buy” rating and set a $63.00 price target on shares of Big Lots in a research report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $60.64.

Shares of Big Lots, Inc. (BIG) opened at $55.20 on Wednesday. The stock has a market capitalization of $2,333.24, a PE ratio of 13.41, a P/E/G ratio of 0.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.24 and a current ratio of 1.66. Big Lots, Inc. has a 1-year low of $45.10 and a 1-year high of $60.20.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS. analysts expect that Big Lots, Inc. will post 4.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. Big Lots’s dividend payout ratio (DPR) is 25.58%.

In related news, CEO David J. Campisi sold 96,940 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 99,203 shares of the company’s stock, valued at approximately $5,257,759. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the sale, the insider now directly owns 7,925 shares in the company, valued at approximately $404,175. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

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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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