Big Lots, Inc. (NYSE:BIG) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its position in shares of Big Lots, Inc. (NYSE:BIG) by 10.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 797,082 shares of the company’s stock after selling 88,552 shares during the quarter. Goldman Sachs Group Inc. owned 1.80% of Big Lots worth $38,499,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of BIG. IFP Advisors Inc increased its position in Big Lots by 13.6% during the second quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock worth $113,000 after buying an additional 280 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in Big Lots during the first quarter worth $123,000. LS Investment Advisors LLC increased its position in Big Lots by 19.4% during the second quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock worth $177,000 after buying an additional 596 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Big Lots by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock valued at $191,000 after purchasing an additional 68 shares during the period. Finally, BKS Advisors LLC purchased a new stake in shares of Big Lots in the second quarter valued at $203,000.

Big Lots (NYSE:BIG) last issued its quarterly earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, topping 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 company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Thursday, September 7th. Big Lots’s dividend payout ratio (DPR) is presently 26.04%.

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A number of brokerages have recently commented on BIG. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, August 17th. BidaskClub downgraded Big Lots from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Big Lots in a report on Wednesday, September 20th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $57.83.

In other news, CEO David J. Campisi sold 28,875 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the completion of the sale, the chief executive officer now owns 225,018 shares of the company’s stock, valued at approximately $11,259,900.72. The sale 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 company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 99,203 shares of the company’s stock, valued at $5,257,759. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 171,517 shares of company stock valued at $8,906,771. 1.70% of the stock is currently owned by insiders.

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.

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

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