Big Lots’ (BIG) “Buy” Rating Reiterated at KeyCorp

Big Lots (NYSE:BIG)‘s stock had its “buy” rating restated by equities researchers at KeyCorp in a note issued to investors on Friday. They presently have a $63.00 price objective on the stock. KeyCorp’s price target points to a potential upside of 8.23% from the stock’s previous close.

Several other research analysts have also recently weighed in on BIG. BidaskClub upgraded Big Lots from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research note on Thursday. Piper Jaffray Companies set a $52.00 price target on Big Lots and gave the stock a “hold” rating in a research note on Sunday, October 1st. Deutsche Bank restated a “buy” rating and issued a $57.00 price target (up previously from $56.00) on shares of Big Lots in a research note on Saturday, August 26th. Finally, Oppenheimer restated a “buy” rating on shares of Big Lots in a research note on Wednesday, September 20th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $60.00.

Shares of Big Lots (BIG) traded down $0.89 during trading hours on Friday, reaching $58.21. The company’s stock had a trading volume of 3,842,100 shares, compared to its average volume of 1,015,432. The stock has a market capitalization of $2,471.15, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. Big Lots has a 1-year low of $45.10 and a 1-year high of $60.18. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66.

Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 earnings per share. sell-side analysts predict that Big Lots will post 4.24 EPS for the current fiscal year.

In other Big Lots news, CEO David J. Campisi sold 96,940 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the completion of the sale, the chief executive officer now owns 99,203 shares of the company’s stock, valued at $5,257,759. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the sale, the insider now directly owns 7,925 shares of the company’s stock, valued at approximately $404,175. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in BIG. IFP Advisors Inc lifted its position in shares of Big Lots by 13.6% in the second quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock valued at $113,000 after acquiring an additional 280 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Big Lots by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock valued at $144,000 after acquiring an additional 1,255 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Big Lots by 19.4% in the second quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock valued at $177,000 after acquiring an additional 596 shares in the last quarter. Whittier Trust Co. purchased a new position in shares of Big Lots in the third quarter valued at about $178,000. Finally, First Quadrant L P CA purchased a new position in shares of Big Lots in the third quarter valued at about $182,000.

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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.

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