Virtu KCG Holdings LLC boosted its position in Big Lots, Inc. (NYSE:BIG) by 23.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,750 shares of the company’s stock after buying an additional 4,083 shares during the period. Virtu KCG Holdings LLC’s holdings in Big Lots were worth $1,051,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BIG. Alps Advisors Inc. grew its position in Big Lots by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 9,834 shares of the company’s stock worth $475,000 after purchasing an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Big Lots by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,536 shares of the company’s stock valued at $316,000 after buying an additional 27 shares during the last quarter. Somerset Trust Co raised its stake in shares of Big Lots by 0.5% during the 2nd quarter. Somerset Trust Co now owns 11,008 shares of the company’s stock valued at $531,000 after buying an additional 54 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake 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 valued at $191,000 after buying an additional 68 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Big Lots by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,722 shares of the company’s stock valued at $1,339,000 after buying an additional 109 shares during the last quarter.

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Shares of Big Lots, Inc. (BIG) opened at 53.57 on Monday. The stock has a 50 day moving average of $49.41 and a 200 day moving average of $48.93. Big Lots, Inc. has a 12 month low of $42.40 and a 12 month high of $56.54. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 13.89 and a beta of 0.96.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, August 25th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.05. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company earned $0.52 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts expect that Big Lots, Inc. will post $4.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Thursday, September 7th. Big Lots’s payout ratio is currently 26.04%.

A number of brokerages have recently commented on BIG. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Thursday, August 17th. Piper Jaffray Companies reiterated a “hold” rating and set a $52.00 price target on shares of Big Lots in a research report on Sunday. BidaskClub downgraded Big Lots from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Big Lots in a report on Wednesday, September 20th. Finally, Morgan Stanley began coverage on Big Lots in a research report on Monday, September 25th. They issued an “overweight” rating and a $58.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Big Lots presently has an average rating of “Buy” and a consensus price target of $57.54.

In other news, CEO David J. Campisi sold 28,875 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $50.04, for a total value of $1,444,905.00. Following the completion of the transaction, the chief executive officer now directly owns 225,018 shares of the company’s stock, valued at $11,259,900.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the transaction, the chief executive officer now directly owns 99,203 shares of the company’s stock, valued at $5,257,759. The disclosure for this sale can be found here. Insiders sold 171,517 shares of company stock worth $8,906,771 in the last ninety days. Insiders own 1.70% of the company’s stock.

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.

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

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