Big Lots Receives Neutral Rating from JPMorgan Chase & Co. (BIG)
Big Lots (NYSE:BIG)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday, Analyst Ratings Network.com reports. They currently have a $26.00 price target on the stock, down from their previous price target of $28.00. JPMorgan Chase & Co.’s price objective points to a potential downside of 8.39% from the stock’s previous close.
Shares of Big Lots (NYSE:BIG) traded down 2.07% on Friday, hitting $28.38. 2,468,702 shares of the company’s stock traded hands. Big Lots has a one year low of $28.01 and a one year high of $39.22. The stock’s 50-day moving average is $32.16 and its 200-day moving average is $35.09. The company has a market cap of $1.657 billion and a P/E ratio of 10.40.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, December 6th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Big Lots will post $2.32 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Big Lots presently has a consensus rating of “Hold” and a consensus target price of $34.55.
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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