Walthausen Lowers stake in Big Lots (BIG)

Big Lots (BIG) : Walthausen reduced its stake in Big Lots by 9.95% during the most recent quarter end. The investment management company now holds a total of 479,530 shares of Big Lots which is valued at $21 Million after selling 53,007 shares in Big Lots , the firm said in a disclosure report filed with the SEC on May 12, 2016.Big Lots makes up approximately 2.19% of Walthausen’s portfolio.

Other Hedge Funds, Including , Signaturefd boosted its stake in BIG in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 112 shares of Big Lots which is valued at $4,903.Teacher Retirement System Of Texas boosted its stake in BIG in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 6,098 shares of Big Lots which is valued at $266,970.Retirement Systems Of Alabama boosted its stake in BIG in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 63,898 shares of Big Lots which is valued at $2.9 Million. Big Lots makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Dupont Capital Management Corp boosted its stake in BIG in the latest quarter, The investment management firm added 19,630 additional shares and now holds a total of 77,880 shares of Big Lots which is valued at $3.6 Million. Big Lots makes up approx 0.08% of Dupont Capital Management Corp’s portfolio.

Big Lots opened for trading at $42.92 and hit $43.67 on the upside on Friday, eventually ending the session at $43.64, with a gain of 1.65% or 0.71 points. The heightened volatility saw the trading volume jump to 10,19,480 shares. Company has a market cap of $2,168 M.

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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