Big Lots Sets New 12-Month High at $46.93 (BIG)
Shares of Big Lots (NYSE:BIG) hit a new 52-week high during trading on Thursday , StockRatingsNetwork reports. The company traded as high as $46.93 and last traded at $46.90, with a volume of 235,127 shares traded. The stock had previously closed at $46.15.
A number of research firms have recently commented on BIG. Analysts at JPMorgan Chase & Co. raised their price target on shares of Big Lots from $46.00 to $53.00 in a research note on Friday, August 8th. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $47.58.
The stock’s 50-day moving average is $44.69 and its 200-day moving average is $38.43. The company has a market cap of $2.596 billion and a price-to-earnings ratio of 27.72.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, May 30th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts expect that Big Lots will post $2.49 EPS for the current fiscal year.
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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