New Mexico Educational Retirement Board trimmed its position in shares of Big Lots, Inc. (NYSE:BIG) by 15.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,900 shares of the company’s stock after selling 1,800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Big Lots were worth $414,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BIG. Millennium Management LLC increased its stake in shares of Big Lots by 174.9% during the first quarter. Millennium Management LLC now owns 841,412 shares of the company’s stock worth $36,627,000 after acquiring an additional 535,371 shares during the period. BTIM Corp. acquired a new position in shares of Big Lots during the second quarter worth about $20,035,000. JPMorgan Chase & Co. increased its stake in shares of Big Lots by 77.0% during the first quarter. JPMorgan Chase & Co. now owns 770,430 shares of the company’s stock worth $33,536,000 after acquiring an additional 335,105 shares during the period. BlackRock Inc. increased its stake in shares of Big Lots by 4.7% during the first quarter. BlackRock Inc. now owns 5,020,039 shares of the company’s stock worth $218,522,000 after acquiring an additional 226,892 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in shares of Big Lots by 14.9% during the first quarter. Nuveen Asset Management LLC now owns 965,405 shares of the company’s stock worth $42,024,000 after acquiring an additional 125,248 shares during the period.

In other Big Lots news, SVP Ronald A. Robins, Jr. sold 5,000 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the senior vice president now owns 14,545 shares of the company’s stock, valued at $669,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Allen Schlonsky sold 6,000 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $45.00, for a total transaction of $270,000.00. Following the completion of the sale, the executive vice president now directly owns 34,315 shares in the company, valued at approximately $1,544,175. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

BIG has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Big Lots from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered shares of Big Lots from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. JPMorgan Chase & Co. lowered their target price on shares of Big Lots from $55.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 22nd. Deutsche Bank lowered their target price on shares of Big Lots from $64.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, May 24th. Finally, Deutsche Bank lowered their target price on shares of Big Lots from $64.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.50.

Shares of BIG opened at $48.02 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.32 and a debt-to-equity ratio of 0.25. Big Lots, Inc. has a twelve month low of $36.20 and a twelve month high of $64.42. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 0.86 and a beta of 1.03.

Big Lots (NYSE:BIG) last issued its earnings results on Friday, June 1st. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.24). Big Lots had a return on equity of 28.85% and a net margin of 3.23%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. equities analysts anticipate that Big Lots, Inc. will post 4.56 EPS for the current year.

About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home d├ęcor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

Further Reading: Earnings Per Share

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

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