Big Lots (BIG) PT Set at $69.00 by Citigroup
Big Lots (NYSE:BIG) received a $69.00 target price from research analysts at Citigroup in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 17.09% from the stock’s current price.
A number of other research analysts have also recently commented on BIG. BidaskClub raised Big Lots from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Oppenheimer set a $60.00 price objective on Big Lots and gave the stock a “buy” rating in a report on Friday, August 25th. Deutsche Bank reissued a “buy” rating and set a $57.00 price objective (up previously from $56.00) on shares of Big Lots in a report on Saturday, August 26th. Finally, Loop Capital set a $64.00 price objective on Big Lots and gave the stock a “buy” rating in a report on Wednesday, August 30th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $60.64.
Shares of Big Lots (NYSE BIG) traded up $0.72 during midday trading on Tuesday, hitting $58.93. The stock had a trading volume of 1,584,100 shares, compared to its average volume of 1,017,873. Big Lots has a 1 year low of $45.10 and a 1 year high of $60.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.66 and a quick ratio of 0.24. The stock has a market cap of $2,500.00, a PE ratio of 14.06, a PEG ratio of 1.02 and a beta of 0.99.
In other Big Lots news, CEO David J. Campisi sold 96,940 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the transaction, the chief executive officer now directly owns 99,203 shares in the company, valued at approximately $5,257,759. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the company’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the transaction, the insider now owns 7,925 shares in the company, valued at $404,175. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in BIG. Balyasny Asset Management LLC increased its stake in Big Lots by 43.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,080,139 shares of the company’s stock worth $52,171,000 after acquiring an additional 326,620 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in Big Lots by 37.0% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,121,899 shares of the company’s stock worth $60,100,000 after acquiring an additional 303,207 shares during the last quarter. Stifel Financial Corp increased its stake in Big Lots by 631.7% in the 2nd quarter. Stifel Financial Corp now owns 261,342 shares of the company’s stock worth $12,651,000 after acquiring an additional 225,625 shares during the last quarter. APG Asset Management N.V. bought a new position in Big Lots in the 3rd quarter worth about $11,523,000. Finally, Marshall Wace North America L.P. increased its stake in Big Lots by 120.4% in the 2nd quarter. Marshall Wace North America L.P. now owns 347,046 shares of the company’s stock worth $16,658,000 after acquiring an additional 189,591 shares during the last quarter.
COPYRIGHT VIOLATION NOTICE: “Big Lots (BIG) PT Set at $69.00 by Citigroup” was reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/12/05/big-lots-big-pt-set-at-69-00-by-citigroup.html.
Big Lots Company Profile
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.
Receive News & Ratings for Big Lots Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots Inc. and related companies with MarketBeat.com's FREE daily email newsletter.