Big Lots Price Target Increased to $43.00 by Analysts at BB&T Corp. (BIG)
Research analysts at BB&T Corp. upped their target price on shares of Big Lots (NYSE:BIG) from $41.00 to $43.00 in a report released on Sunday, AR Network reports. The firm currently has a “buy” rating on the stock. BB&T Corp.’s price target indicates a potential upside of 15.37% from the stock’s previous close.
Big Lots (NYSE:BIG) opened at 37.27 on Friday. Big Lots has a 1-year low of $26.69 and a 1-year high of $39.22. The stock’s 50-day moving average is $35.25 and its 200-day moving average is $35.32. The company has a market cap of $2.172 billion and a P/E ratio of 13.11.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, August 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Big Lots will post $2.94 EPS for the current fiscal year.
A number of other firms have also recently commented on BIG. Analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Big Lots (NYSE:BIG) in a research note to investors on Friday. They now have a $32.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Big Lots (NYSE:BIG) from $33.00 to $38.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of Big Lots (NYSE:BIG) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 9th. They now have a $37.00 price target on the stock.
One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.36.
In other Big Lots news, CEO David Campisi purchased 2,800 shares of Big Lots stock in a transaction dated Thursday, September 12th. The shares were purchased at an average cost of $35.94 per share, for a total transaction of $100,632.00. Following the purchase, the chief executive officer now directly owns 78,400 shares in the company, valued at approximately $2,817,696. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Big Lots, Inc, through its wholly owned subsidiaries, is a North America’s closeout retailer. At January 28, 2012, the Company operated a total of 1,533 stores in two countries: the United States and Canada.
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