Empirical Finance LLC Trims Position in Big Lots, Inc. (BIG)

Empirical Finance LLC trimmed its holdings in shares of Big Lots, Inc. (NYSE:BIG) by 0.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,074 shares of the company’s stock after selling 26 shares during the period. Big Lots comprises approximately 0.7% of Empirical Finance LLC’s investment portfolio, making the stock its 27th biggest position. Empirical Finance LLC owned approximately 0.09% of Big Lots worth $1,888,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Alps Advisors Inc. boosted its holdings in Big Lots by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,834 shares of the company’s stock worth $475,000 after buying an additional 25 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Big Lots by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,536 shares of the company’s stock worth $316,000 after buying an additional 27 shares in the last quarter. Somerset Trust Co boosted its holdings in Big Lots by 0.5% during the second quarter. Somerset Trust Co now owns 11,008 shares of the company’s stock worth $531,000 after buying an additional 54 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Big Lots by 1.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock worth $191,000 after buying an additional 68 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Big Lots by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 27,722 shares of the company’s stock worth $1,339,000 after buying an additional 109 shares in the last quarter.

Big Lots, Inc. (NYSE BIG) traded down 0.19% on Tuesday, hitting $47.98. 193,308 shares of the stock traded hands. The firm’s 50 day moving average is $49.50 and its 200 day moving average is $49.09. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 12.44 and a beta of 0.92. Big Lots, Inc. has a 52 week low of $42.40 and a 52 week high of $56.54.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, September 7th. Big Lots’s payout ratio is presently 26.04%.

In other news, Director Russell Solt sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $51.50, for a total value of $108,150.00. Following the sale, the director now directly owns 10,041 shares in the company, valued at approximately $517,111.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David J. Campisi sold 28,875 shares of the firm’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 in the company, valued at $11,259,900.72. The disclosure for this sale can be found here. Insiders sold 73,577 shares of company stock worth $3,717,951 over the last three months. Insiders own 1.70% of the company’s stock.

A number of equities analysts recently commented on BIG shares. Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Friday. KeyCorp reaffirmed a “buy” rating on shares of Big Lots in a research note on Friday, September 1st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Big Lots in a research note on Friday, September 1st. Loop Capital set a $64.00 price objective on shares of Big Lots and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $57.00 price objective (up previously from $56.00) on shares of Big Lots in a research note on Saturday, August 26th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Big Lots has a consensus rating of “Buy” and an average price target of $57.42.

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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.

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

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