Big Lots Earns Buy Rating from KeyCorp (BIG)
Big Lots (NYSE:BIG)‘s stock had its “buy” rating restated by stock analysts at KeyCorp in a report issued on Thursday. They currently have a $55.00 price objective on the stock, up from their previous price objective of $53.00. KeyCorp’s target price would indicate a potential upside of 14.68% from the company’s current price.
BIG has been the subject of a number of other recent research reports. Analysts at Benchmark Co. raised their price target on shares of Big Lots from $49.00 to $53.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $48.08.
Big Lots (NYSE:BIG) traded down 0.17% on Thursday, hitting $47.88. The stock had a trading volume of 194,044 shares. Big Lots has a one year low of $25.50 and a one year high of $48.52. The stock’s 50-day moving average is $45.20 and its 200-day moving average is $39.92. The company has a market cap of $2.656 billion and a P/E ratio of 28.80.
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. 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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