Bank of Montreal Can lowered its position in shares of Big Lots, Inc. (NYSE:BIG) by 75.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 16,123 shares of the company’s stock after selling 49,702 shares during the quarter. Bank of Montreal Can’s holdings in Big Lots were worth $674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kessler Investment Group LLC acquired a new stake in Big Lots during the 2nd quarter worth about $129,000. Itau Unibanco Holding S.A. lifted its position in Big Lots by 87.4% during the 2nd 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. Meadow Creek Investment Management LLC lifted its position in Big Lots by 58.9% during the 2nd 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 Big Lots during the 2nd quarter worth about $211,000. Finally, Neuburgh Advisers LLC lifted its position in Big Lots by 58.9% during the 2nd quarter. Neuburgh Advisers LLC now owns 6,710 shares of the company’s stock worth $280,000 after acquiring an additional 2,486 shares during the period.

NYSE:BIG traded down $9.30 during trading hours on Friday, hitting $31.00. 13,872,683 shares of the stock were exchanged, compared to its average volume of 924,672. Big Lots, Inc. has a 52-week low of $30.32 and a 52-week high of $64.42. The company has a current ratio of 1.69, a quick ratio of 0.32 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.61 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of 1.03 and a beta of 0.95.

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

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

BIG has been the subject of a number of research reports. Bank of America assumed coverage on Big Lots in a research report on Monday, November 5th. They set a “buy” rating and a $56.00 price target for the company. Loop Capital lifted their price objective on Big Lots from $48.00 to $48.00 and gave the company a “hold” rating in a research note on Monday, August 27th. ValuEngine upgraded Big Lots from a “sell” rating to a “hold” rating in a research note on Friday, August 24th. Finally, Piper Jaffray Companies upgraded Big Lots from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $43.00 to $53.00 in a research note on Monday, November 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price 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 décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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

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