Canada Pension Plan Investment Board raised its holdings in Big Lots, Inc. (NYSE:BIG) by 14.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 398,199 shares of the company’s stock after purchasing an additional 50,400 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.99% of Big Lots worth $16,641,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. CIBC World Markets Inc. acquired a new stake in shares of Big Lots during the third quarter worth $430,000. FMR LLC grew its stake in shares of Big Lots by 117.1% during the third quarter. FMR LLC now owns 662,971 shares of the company’s stock worth $27,706,000 after purchasing an additional 357,611 shares during the period. Rafferty Asset Management LLC acquired a new stake in shares of Big Lots during the third quarter worth $298,000. Alliancebernstein L.P. grew its stake in shares of Big Lots by 14.3% during the third quarter. Alliancebernstein L.P. now owns 124,238 shares of the company’s stock worth $5,192,000 after purchasing an additional 15,510 shares during the period. Finally, Keybank National Association OH grew its stake in shares of Big Lots by 178.8% during the third quarter. Keybank National Association OH now owns 20,234 shares of the company’s stock worth $846,000 after purchasing an additional 12,977 shares during the period.
NYSE:BIG opened at $43.56 on Monday. Big Lots, Inc. has a 1 year low of $36.20 and a 1 year high of $64.42. The company has a quick ratio of 0.32, a current ratio of 1.69 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 1.11 and a beta of 0.95.
Big Lots (NYSE:BIG) last posted its earnings results on Friday, August 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.08). Big Lots had a net margin of 3.14% and a return on equity of 27.83%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts anticipate that Big Lots, Inc. will post 4.46 earnings per share for the current year.
A number of equities research analysts recently commented on BIG shares. ValuEngine raised Big Lots from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Bank of America started coverage on Big Lots in a research note on Monday, November 5th. They set a “buy” rating and a $56.00 price objective for the company. Piper Jaffray Companies raised Big Lots from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $43.00 to $53.00 in a research note on Monday, November 19th. TheStreet raised Big Lots from a “c+” rating to a “b-” rating in a research note on Wednesday, August 8th. Finally, Loop Capital boosted their target price on Big Lots from $48.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, August 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $51.81.
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Big Lots Company Profile
Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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