A number of research firms have changed their ratings and price targets for Big Lots (NYSE: BIG):

  • 8/3/2017 – Big Lots was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/28/2017 – Big Lots was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/28/2017 – Big Lots was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Shares of Big Lots have outperformed the industry in the past six months. The company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock is likely to carry the momentum going forward. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 7/27/2017 – Big Lots was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Big Lots have outperformed the industry in the past six months. The company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock might do well in the near term. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 7/25/2017 – Big Lots was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock, up previously from $55.00.
  • 7/11/2017 – Big Lots was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Shares of Big Lots have declined over the past six months. However, the company's strategic endeavors, recent uptrend in the gross margin and positive earnings surprise streak in the last six quarters, all indicate that stock might recover in the near term. In the first-quarter fiscal 2017, the company not only reported robust earnings but also surpassed the guidance range provided previously. Moreover, following better-than-expected first-quarter earnings the company raised fiscal 2017 guidance and now expects adjusted earnings in the $4.05–$4.20, up from the earlier guidance of $3.95–$4.10. While the company’s dismal top-line performance in the trailing four quarters has been a cause of worry, its furniture financing programs has been consistently gaining traction. Further, the challenging retail landscape, aggressive promotional strategies and waning store traffic might weigh on the performance.”
  • 7/4/2017 – Big Lots was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/22/2017 – Big Lots was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/9/2017 – Big Lots had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $62.00 price target on the stock, up previously from $61.00.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, May 26th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.16. Big Lots had a return on equity of 29.88% and a net margin of 3.20%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $0.82 EPS. Big Lots’s quarterly revenue was down 1.2% on a year-over-year basis.

In other Big Lots news, CEO David J. Campisi sold 28,875 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $50.04, for a total transaction of $1,444,905.00. Following the completion of the sale, the chief executive officer now owns 225,018 shares in the company, valued at approximately $11,259,900.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by company insiders.

Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.

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