MKM Partners Lowers Price Target on Big Lots (BIG)

By admin | 5 years ago
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Equities research analysts at MKM Partners decreased their price target on shares of Big Lots (NYSE: BIG) from $49.00 to $43.00 in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock.

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Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) upgraded shares of Big Lots from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, May 10th. They now have a $43.00 price target on the stock, down previously from $45.00. They noted that the move was a valuation call. Separately, analysts at Benchmark Co. reiterated a “buy” rating on shares of Big Lots in a research note to investors on Tuesday, April 24th. Finally, analysts at Benchmark Co. cut their price target on shares of Big Lots from $56.00 to $50.00 in a research note to investors on Tuesday, April 24th.

Shares of Big Lots opened at 35.75 on Thursday. Big Lots has a one year low of $28.89 and a one year high of $47.22. The company has a market cap of $2.351 billion and a P/E ratio of 11.96.

Big Lots last issued its quarterly earnings data on Wednesday, May 23rd. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.69 by $0.01. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Big Lots will post $0.12 earnings per share next quarter.

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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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