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Analysts at JPMorgan Chase & Co. upped their target price on shares of Big Lots (NYSE:BIG) from $42.00 to $45.00 in a research report issued to clients and investors on Tuesday, Analyst Ratings.Net reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 14.94% from the stock’s previous close.

Shares of Big Lots (NYSE:BIG) traded down 0.56% on Tuesday, hitting $39.15. 725,649 shares of the company’s stock traded hands. Big Lots has a 52-week low of $25.50 and a 52-week high of $40.24. The stock’s 50-day moving average is $38.31 and its 200-day moving average is $33.93. The company has a market cap of $2.277 billion and a price-to-earnings ratio of 18.24.

Big Lots (NYSE:BIG) last released its earnings data on Friday, March 7th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.03. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, analysts predict that Big Lots will post $2.41 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on BIG. Analysts at KeyCorp reiterated a “buy” rating on shares of Big Lots in a research note on Tuesday, April 29th. They now have a $47.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Big Lots from $41.00 to $47.00 in a research note on Friday, April 25th. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray upgraded shares of Big Lots from a “neutral” rating to an “overweight” rating in a research note on Monday, April 21st. They now have a $45.00 price target on the stock, up previously from $39.00. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $41.25.

In other Big Lots news, EVP Joe Cooper sold 50,063 shares of Big Lots stock on the open market in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $39.69, for a total value of $1,987,000.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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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