Canada Pension Plan Investment Board boosted its position in Big Lots, Inc. (NYSE:BIG) by 20.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,299 shares of the company’s stock after acquiring an additional 15,200 shares during the quarter. Canada Pension Plan Investment Board owned 0.21% of Big Lots worth $4,837,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in Big Lots by 8.0% in the second quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock valued at $114,175,000 after acquiring an additional 175,972 shares during the last quarter. LSV Asset Management boosted its holdings in Big Lots by 1.5% in the second quarter. LSV Asset Management now owns 2,240,023 shares of the company’s stock valued at $108,193,000 after acquiring an additional 32,600 shares during the last quarter. 361 Capital LLC boosted its holdings in Big Lots by 94.4% in the second quarter. 361 Capital LLC now owns 35,574 shares of the company’s stock valued at $1,718,000 after acquiring an additional 17,278 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Big Lots in the third quarter valued at $615,000. Finally, SG Americas Securities LLC boosted its holdings in Big Lots by 18.0% in the second quarter. SG Americas Securities LLC now owns 60,149 shares of the company’s stock valued at $2,905,000 after acquiring an additional 9,163 shares during the last quarter.
In related news, insider Michael Allen Schlonsky sold 2,602 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $48.00, for a total value of $124,896.00. Following the transaction, the insider now owns 34,706 shares in the company, valued at $1,665,888. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the transaction, the chief executive officer now owns 99,203 shares in the company, valued at approximately $5,257,759. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,542 shares of company stock worth $5,313,716. Insiders own 1.70% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://ledgergazette.com/2017/11/15/big-lots-inc-big-shares-bought-by-canada-pension-plan-investment-board.html.
A number of research analysts recently weighed in on the company. KeyCorp reiterated a “buy” rating and issued a $58.00 target price on shares of Big Lots in a report on Friday, November 10th. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, October 10th. Piper Jaffray Companies set a $52.00 target price on Big Lots and gave the company a “hold” rating in a report on Sunday, October 1st. Morgan Stanley assumed coverage on Big Lots in a report on Monday, September 25th. They issued an “overweight” rating and a $58.00 target price on the stock. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Big Lots in a report on Wednesday, September 20th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Big Lots has an average rating of “Buy” and an average price target of $57.85.
Big Lots, Inc. (BIG) opened at $53.51 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.39. Big Lots, Inc. has a one year low of $45.10 and a one year high of $56.54. The company has a market capitalization of $2,275.02, a PE ratio of 13.01, a P/E/G ratio of 0.94 and a beta of 0.95.
Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, August 25th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.05. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. analysts forecast that Big Lots, Inc. will post 4.22 EPS for the current year.
About Big Lots
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.
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).
Receive News & Ratings for Big Lots Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots Inc. and related companies with MarketBeat.com's FREE daily email newsletter.