Big Lots Price Target Raised to $49.00 (BIG)
Analysts at Telsey Advisory Group raised their price target on shares of Big Lots (NYSE:BIG) from $45.00 to $49.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 5.72% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Big Lots from $49.00 to $59.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at KeyCorp reiterated a “buy” rating on shares of Big Lots in a research note on Thursday, August 28th. They now have a $55.00 price target on the stock, up previously from $53.00. Finally, 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, August 26th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Big Lots has a consensus rating of “Buy” and an average price target of $49.58.
Shares of Big Lots (NYSE:BIG) traded down 0.09% during mid-day trading on Tuesday, hitting $46.31. 812,868 shares of the company’s stock traded hands. Big Lots has a 52-week low of $25.50 and a 52-week high of $48.52. The stock’s 50-day moving average is $45.29 and its 200-day moving average is $40.11. The company has a market cap of $2.547 billion and a price-to-earnings ratio of 27.12.
Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, August 29th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.06. The company had revenue of $1.20 billion for the quarter. During the same quarter last year, the company posted $0.31 earnings per share. Big Lots’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Big Lots will post $2.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.47%.
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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