Barclays Capital Gives Overweight Rating to Big Lots (BIG)
A number of other analysts have also recently weighed in on BIG. Analysts at Benchmark Co. cut their price target on shares of Big Lots from $50.00 to $45.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at MKM Partners cut their price target on shares of Big Lots from $49.00 to $43.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock.
Big Lots opened at 35.75 on Thursday. Big Lots has a 1-year low of $28.89 and a 1-year high of $47.22. The company has a market cap of $2.351 billion and a price-to-earnings ratio of 11.96.
Big Lots last released its earnings data on Wednesday, May 23rd. The company reported $0.68 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.01. Big Lots’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that Big Lots will post $0.12 EPS next quarter.
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.