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Big Lots (NYSE:BIG) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

The analysts wrote, “Big Lots (BIG) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company’s earnings per share.”

Shares of Big Lots (NYSE:BIG) traded up 0.16% during mid-day trading on Tuesday, hitting $43.13. The stock had a trading volume of 534,937 shares. Big Lots has a 52-week low of $25.50 and a 52-week high of $43.30. The stock has a 50-day moving average of $39.03 and a 200-day moving average of $34.1. The company has a market cap of $2.459 billion and a price-to-earnings ratio of 25.88.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, May 30th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts predict that Big Lots will post $2.53 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on BIG. Analysts at Wedbush raised their price target on shares of Big Lots from $42.00 to $49.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of Big Lots from $47.00 to $51.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Big Lots from $38.00 to $45.00 in a research note on Monday. They now have a “not rated” rating on the stock. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $44.85.

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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