Cambridge Investment Research Advisors Inc. raised its stake in shares of Big Lots, Inc. (NYSE:BIG) by 17.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,207 shares of the company’s stock after buying an additional 2,587 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Big Lots were worth $922,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its stake in Big Lots by 8.0% during the 2nd quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock valued at $114,175,000 after buying an additional 175,972 shares during the period. LSV Asset Management increased its stake in Big Lots by 1.5% during the 2nd quarter. LSV Asset Management now owns 2,240,023 shares of the company’s stock valued at $108,193,000 after buying an additional 32,600 shares during the period. State Street Corp increased its stake in Big Lots by 1.8% during the 2nd quarter. State Street Corp now owns 1,640,504 shares of the company’s stock valued at $79,233,000 after buying an additional 28,509 shares during the period. Sasco Capital Inc. CT increased its stake in Big Lots by 0.5% during the 2nd quarter. Sasco Capital Inc. CT now owns 1,542,300 shares of the company’s stock valued at $74,493,000 after buying an additional 7,840 shares during the period. Finally, Voya Investment Management LLC increased its stake in Big Lots by 8.5% during the 2nd quarter. Voya Investment Management LLC now owns 1,424,933 shares of the company’s stock valued at $68,824,000 after buying an additional 111,593 shares during the period.

BIG has been the topic of several research analyst reports. Deutsche Bank AG reissued a “buy” rating and set a $57.00 target price (up previously from $56.00) on shares of Big Lots in a research note on Saturday, August 26th. Zacks Investment Research cut shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Piper Jaffray Companies reissued a “hold” rating and set a $52.00 target price on shares of Big Lots in a research note on Friday, September 1st. Loop Capital set a $64.00 target price on shares of Big Lots and gave the company a “buy” rating in a research note on Wednesday, August 30th. Finally, BidaskClub raised shares of Big Lots from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Big Lots has a consensus rating of “Buy” and an average target price of $57.85.

Big Lots, Inc. (NYSE BIG) opened at $54.83 on Thursday. Big Lots, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $56.54. The company has a market cap of $2,325.96, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.96 and a beta of 0.95. 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 (NYSE:BIG) last announced its earnings results on Friday, August 25th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.62 by $0.05. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side analysts predict that Big Lots, Inc. will post 4.22 EPS for the current year.

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In other Big Lots news, insider Michael Allen Schlonsky sold 2,602 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $48.00, for a total value of $124,896.00. Following the completion of the transaction, the insider now directly owns 34,706 shares in the company, valued at $1,665,888. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the transaction, the insider now owns 7,925 shares of the company’s stock, valued at $404,175. The disclosure for this sale can be found here. Over the last quarter, insiders sold 100,542 shares of company stock valued at $5,313,716. Corporate insiders own 1.70% of the company’s stock.

Big Lots Company Profile

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.

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

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