Big Lots Hits New 1-Year High at $46.39 (BIG)
Shares of Big Lots (NYSE:BIG) reached a new 52-week high during mid-day trading on Thursday , Stock Ratings Network.com reports. The stock traded as high as $46.39 and last traded at $46.13, with a volume of 314,937 shares traded. The stock had previously closed at $45.75.
A number of analysts have recently weighed in on BIG shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Big Lots in a research note on Monday, June 23rd. They now have a $49.00 price target on the stock, up previously from $43.00. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $47.00.
The stock’s 50-day moving average is $42.44 and its 200-day moving average is $35.62. The company has a market cap of $2.560 billion and a price-to-earnings ratio of 27.48.
Big Lots (NYSE:BIG) last issued its quarterly 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. Analysts expect that Big Lots will post $2.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 29th. Shareholders of record on Friday, July 11th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, July 9th.
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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