Big Lots Given “Buy” Rating at KeyCorp (BIG)
Big Lots (NYSE:BIG)‘s stock had its “buy” rating reaffirmed by KeyCorp in a research note issued on Tuesday. They currently have a $53.00 price objective on the stock, up from their previous price objective of $50.00. KeyCorp’s price objective points to a potential upside of 19.50% from the company’s current price.
Shares of Big Lots (NYSE:BIG) traded up 2.64% on Tuesday, hitting $45.519. 241,609 shares of the company’s stock traded hands. Big Lots has a 1-year low of $25.50 and a 1-year high of $45.00. The stock’s 50-day moving average is $40.49 and its 200-day moving average is $34.66. The company has a market cap of $2.525 billion and a price-to-earnings ratio of 26.64.
Big Lots (NYSE:BIG) last released its earnings data on Friday, May 30th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.61 earnings per share. Big Lots’s revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that Big Lots will post $2.49 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Big Lots in a research note on Friday. They now have a $47.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Big Lots in a research note on Wednesday, June 11th. They now have a $46.00 price target on the stock, up previously from $45.00. Finally, analysts at BB&T Corp. raised their price target on shares of Big Lots from $47.00 to $49.00 in a research note on Monday, June 9th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Big Lots presently has a consensus rating of “Buy” and a consensus price target of $46.46.
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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