CIBC World Markets Inc. purchased a new position in shares of Big Lots, Inc. (NYSE:BIG) during the third quarter, HoldingsChannel.com reports. The fund purchased 10,284 shares of the company’s stock, valued at approximately $430,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. raised its holdings in shares of Big Lots by 87.4% during the second quarter. Itau Unibanco Holding S.A. now owns 3,569 shares of the company’s stock worth $149,000 after acquiring an additional 1,665 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Big Lots during the third quarter worth $167,000. Meadow Creek Investment Management LLC raised its holdings in shares of Big Lots by 58.9% during the second quarter. Meadow Creek Investment Management LLC now owns 4,880 shares of the company’s stock worth $204,000 after acquiring an additional 1,808 shares during the period. Bridgewater Associates LP acquired a new stake in shares of Big Lots during the second quarter worth $211,000. Finally, BKS Advisors LLC acquired a new stake in shares of Big Lots during the third quarter worth $221,000.

Shares of BIG stock opened at $31.00 on Friday. The company has a current ratio of 1.69, a quick ratio of 0.32 and a debt-to-equity ratio of 0.70. Big Lots, Inc. has a 1 year low of $30.32 and a 1 year high of $64.42. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 1.07 and a beta of 0.95.

Big Lots (NYSE:BIG) last issued its quarterly earnings results on Friday, December 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.15). Big Lots had a net margin of 3.14% and a return on equity of 27.83%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts expect that Big Lots, Inc. will post 4.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.20 annualized dividend and a yield of 3.87%. Big Lots’s payout ratio is currently 26.97%.

BIG has been the topic of a number of research analyst reports. ValuEngine lowered shares of Big Lots from a “sell” rating to a “strong sell” rating in a report on Saturday, September 1st. Piper Jaffray Companies upgraded shares of Big Lots from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $43.00 to $53.00 in a report on Monday, November 19th. Bank of America initiated coverage on shares of Big Lots in a report on Monday, November 5th. They set a “buy” rating and a $56.00 price objective on the stock. Finally, Loop Capital raised their price objective on shares of Big Lots from $48.00 to $48.00 and gave the stock a “hold” rating in a report on Monday, August 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. Big Lots presently has an average rating of “Buy” and a consensus price target of $50.81.

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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 d├ęcor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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Want to see what other hedge funds are holding BIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Big Lots, Inc. (NYSE:BIG).

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

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