Strs Ohio buys $3,996,000 stake in Big Lots (BIG)

Big Lots (BIG) : Strs Ohio scooped up 2,500 additional shares in Big Lots during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 86,400 shares of Big Lots which is valued at $3,996,000.Big Lots makes up approximately 0.24% of Strs Ohio’s portfolio.

Big Lots closed down -0.58 points or -1.22% at $47.1 with 8,93,809 shares getting traded on Wednesday. Post opening the session at $47.53, the shares hit an intraday low of $46.73 and an intraday high of $47.875 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Capital One National Association sold out all of its stake in BIG during the most recent quarter. The investment firm sold 17,405 shares of BIG which is valued $804,981.Sit Investment Associates Inc boosted its stake in BIG in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,775 shares of Big Lots which is valued at $82,200. Lenox Wealth Advisors sold out all of its stake in BIG during the most recent quarter. The investment firm sold 20 shares of BIG which is valued $926.Creative Planning reduced its stake in BIG by selling 22 shares or 11.58% in the most recent quarter. The Hedge Fund company now holds 168 shares of BIG which is valued at $7,531.

On the company’s financial health, Big Lots reported $2.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 4, 2016. Analyst had a consensus of $1.98. The company had revenue of $1583.97 million for the quarter, compared to analysts expectations of $1603.20 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.76 EPS.

Many Wall Street Analysts have commented on Big Lots. Big Lots was Initiated by Credit Suisse to “Underperform” on Mar 16, 2016.

Big Lots Inc. is a United States-based discount retailer. As of December 31 2014 the Company through its wholly owned subsidiaries operated 1460 stores in 48 states. The Company’s Food category includes beverage and grocery candy and snacks and specialty foods. Its Consumables category includes health and beauty plastics paper chemical and pet departments. Its Soft Home category includes fashion bedding utility bedding bath window decorative textile and flooring and the Hard Home category includes small appliances table top food preparation stationery greeting card tools paint and home maintenance departments. Its Furniture & Home Decor category includes upholstery mattress case goods home decor and frames; the Seasonal category includes lawn & garden summer Christmas toys books sporting goods and other holiday and its Electronics & Accessories category includes electronics jewelry apparel hosiery and infant accessories departments.

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