Big Lots PT Raised to $53.00 at Benchmark Co. (BIG)
Analysts at Benchmark Co. upped their price target on shares of Big Lots (NYSE:BIG) from $49.00 to $53.00 in a research report issued to clients and investors on Tuesday. Benchmark Co.’s target price points to a potential upside of 11.86% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Big Lots presently has an average rating of “Buy” and an average target price of $47.92.
Big Lots (NYSE:BIG) traded up 1.69% on Tuesday, hitting $48.18. 109,778 shares of the company’s stock traded hands. Big Lots has a 52 week low of $25.50 and a 52 week high of $47.76. The stock has a 50-day moving average of $45.06 and a 200-day moving average of $39.71. The company has a market cap of $2.673 billion and a price-to-earnings ratio of 28.46.
Big Lots (NYSE:BIG) last posted its quarterly earnings results 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 $2.48 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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