Big Lots Given Average Recommendation of “Buy” by Brokerages (NYSE:BIG)
Shares of Big Lots (NYSE:BIG) have received a consensus rating of “Buy” from the fourteen brokerages that are currently covering the company, AnalystRatings.NET reports. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $47.58.
Shares of Big Lots (NYSE:BIG) opened at 47.04 on Friday. Big Lots has a 52-week low of $25.50 and a 52-week high of $46.94. The stock’s 50-day moving average is $44.74 and its 200-day moving average is $38.49. The company has a market cap of $2.609 billion and a P/E ratio of 28.11.
Big Lots (NYSE:BIG) last posted its quarterly 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.
A number of analysts have recently weighed in on BIG shares. 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.
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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