Big Lots Price Target Increased to $49.00 by Analysts at Deutsche Bank (BIG)
Investment analysts at Deutsche Bank hoisted their price target on shares of Big Lots (NYSE:BIG) from $43.00 to $49.00 in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 8.72% from the stock’s previous close.
Big Lots (NYSE:BIG) traded up 0.69% during mid-day trading on Monday, hitting $45.38. The stock had a trading volume of 256,545 shares. Big Lots has a one year low of $25.50 and a one year high of $45.62. The stock has a 50-day moving average of $41.15 and a 200-day moving average of $34.91. The company has a market cap of $2.517 billion and a price-to-earnings ratio of 27.07.
Big Lots (NYSE:BIG) last posted its quarterly earnings results 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 $2.49 earnings per share for the current fiscal year.
BIG has been the subject of a number of other recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of Big Lots in a research note on Tuesday, June 17th. They now have a $53.00 price target on the stock, up previously from $50.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Big Lots in a research note on Friday, June 13th. They now have a $47.00 price target on the stock. Finally, 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.00.
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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