Meeder Asset Management Inc. Has $1.23 Million Position in Big Lots, Inc. (NYSE:BIG)

Meeder Asset Management Inc. raised its holdings in Big Lots, Inc. (NYSE:BIG) by 16.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 21,967 shares of the company’s stock after acquiring an additional 3,165 shares during the quarter. Meeder Asset Management Inc. owned approximately 0.05% of Big Lots worth $1,232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BIG. C M Bidwell & Associates Ltd. bought a new position in Big Lots during the fourth quarter worth $104,000. Cerebellum GP LLC acquired a new position in Big Lots during the fourth quarter worth $128,000. DekaBank Deutsche Girozentrale raised its holdings in Big Lots by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock worth $144,000 after buying an additional 1,255 shares during the last quarter. Whittier Trust Co. acquired a new position in Big Lots during the third quarter worth $178,000. Finally, First Quadrant L P CA acquired a new position in Big Lots during the third quarter worth $182,000.

In related news, Director Jeffrey Paul Berger sold 6,000 shares of Big Lots stock in a transaction on Friday, January 5th. The shares were sold at an average price of $58.00, for a total value of $348,000.00. Following the sale, the director now owns 7,566 shares in the company, valued at $438,828. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Timothy A. Johnson sold 20,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the sale, the insider now owns 65,649 shares in the company, valued at approximately $3,610,695. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Several analysts have recently commented on BIG shares. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Wednesday, January 31st. Loop Capital restated a “buy” rating and set a $70.00 price objective on shares of Big Lots in a report on Monday, January 29th. Citigroup downgraded shares of Big Lots from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. They noted that the move was a valuation call. Telsey Advisory Group raised their price objective on shares of Big Lots from $56.00 to $59.00 and gave the stock a “market perform” rating in a report on Monday, December 4th. Finally, UBS Group lowered shares of Big Lots from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 10th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $62.40.

Shares of Big Lots, Inc. (BIG) opened at $57.79 on Thursday. Big Lots, Inc. has a 1 year low of $45.10 and a 1 year high of $64.42. The stock has a market cap of $2,350.05, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 0.84 and a beta of 0.95. 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 (NYSE:BIG) last posted its quarterly earnings results on Friday, December 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm posted $0.04 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. equities research analysts anticipate that Big Lots, Inc. will post 4.29 EPS for the current year.

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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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