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Shares of Big Lots (NYSE:BIG) hit a new 52-week low during mid-day trading on Thursday, Analyst Ratings News reports. The stock traded as low as $28.96 and last traded at $29.24, with a volume of 1,569,542 shares trading hands. The stock had previously closed at $30.51.

BIG has been the subject of a number of recent research reports. Analysts at Raymond James upgraded shares of Big Lots from an “underperform” rating to a “market perform” rating in a research note to investors on Thursday. Separately, analysts at TheStreet downgraded shares of Big Lots to a “hold” rating in a research note to investors on Thursday, December 19th. Finally, analysts at Zacks downgraded shares of Big Lots from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, December 19th. They now have a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Big Lots presently has an average rating of “Hold” and an average price target of $34.73.

Big Lots has a one year low of $28.71 and a one year high of $39.22. The stock’s 50-day moving average is $32.28 and its 200-day moving average is $35.11. The company has a market cap of $1.692 billion and a price-to-earnings ratio of 10.95.

Big Lots (NYSE:BIG) last announced its earnings results on Friday, December 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.14. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts predict that Big Lots will post $2.32 earnings per share for the current fiscal year.

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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